Bare Act Search Results

Companies Act, 1956 Section 294

Title: Appointment of Sole Selling Agents to Requireapproval of Company in General Meeting

State: Central

Year: 1956

.....Government is of the opinion that having regard to the terms and conditions of appointment of any of the selling agents and to any other relevant factors, that selling agent is to all intents and purposes the sole selling agent for such area, although there may be one or more other selling agents of the company operating in that area, the Central Government may by order declare that selling agent to be the sole selling agent of the company for that area with effect from such date as may be specified in the order and may make suitable variations in such of the terms and conditions of appointment of that selling agent as are in the opinion of the Central Government prejudicial to the interests of the company; (d) as from the date specified in clause (c) the appointment of the selling agent declared to be the sole selling agent shall be regulated by the terms and conditions as varied by the Central Government. (7) It shall be the duty of the company - (a) to produce to the person appointed under clause (b) of sub-section (5) or clause (b) of sub-section (6), all books and papers of, or relating to, the company which are in its custody or power; and (b) otherwise to give.....

The Kerala Forest Produce (Fixation of Selling Price) Act, 19781 Complete Act

State: Kerala

Year: 1978

.....in the notification. 3 [6.A Section 5 and 5A not to apply to sale of forest produce to certain industrial establishments.- Nothing contained in section 5 or section 5A shall apply to the sale of forest produce as raw material by the Government to any industrial establishment in pursuance of a contract executed by it with the Government where- (a) the total quantity of the forest produce to be sold to that industrial establishment per year under such contract exceeds fifty thousand tonnes (b) such forest produce is used as raw material that industrial establishment; and (c) the number of persons employed in or under such industrial establishment is not less than one thousand workers: Provided that the above provision shall not apply to the sale of the forest produce as raw materials to any industrial establishment the price of which raw materials has been fixed at a rate less than Rs.250 per tonne, including sales tax and additional sales tax.]. 7. Ten per cent of selling price to be utilised for forest development.- Ten per cent of the amount obtained by the sale of forest produce after the commencement of this Act shall, subject to such rules as may.....

Companies Act, 1956 Section 294A

Title: Prohibition of Payment of Compensation Tosole Selling Agents for Loss of Office in Certain Cases

State: Central

Year: 1956

.....in bringing about, the termination of the sole selling agency. (2) The compensation which may be paid by a company to its sole selling agent for loss of office shall not exceed the remuneration which he would have earned if he had been in office for the unexpired residue of his term, or for three years, whichever is shorter, calculated on the basis of the average remuneration actually earned by him during a period of three years immediately preceding the date on which his office ceased or was terminated, or where he held his office for a lesser period than three years, during such period.] _______________________ 1. Inserted by Act 31 of 1965, Section 40 (w.e.f. 15-10-1965 ).

Companies Act, 1956 Section 294AA

Title: Power of Central Government to Prohibit Theappointment of Sole Selling Agents in Certain Cases

State: Central

Year: 1956

.....whether singly or taken together, in the shares of the company, the aggregate amount paid-up on which exceeds five lakhs of rupees or five per cent of the paid-up share capital of the company whichever is the lesser; (iii) in relation to a body corporate, means the beneficial interest held by such body corporate or one or more of its directors or any relative of such director, whether singly or taken together, in the shares of the company, the aggregate amount paid-up on which exceeds five lakhs of rupees or five per cent of the paid-up share capital of the company, whichever is the lesser.] _______________________ 1. Inserted by Act 41 of 1974, Section 27 (w.e.f. 1-2-1975).

Indian Trusts Act, 1882 Section 38

Title: Power to Sell Under Special Conditions. Power to Buy-in and Re-sell

State: Central

Year: 1882

The trustee making any such sale may insert such reasonable stipulations either as to title or evidence of title, or otherwise, in any conditions of sale or contract for sale, as he thinks fit; and may also buy-in the property or any part thereof at any sale by auction, and rescind or vary any contract for sale, and re-sell the property so bought in, or as to which the contract is so rescinded, without being responsible to the beneficiary for any loss occasioned thereby. Time allowed for selling trust-property.--Where a trustee is directed to sell trust-property or to invest trust-money in the purchase of property, he may exercise a reasonable discretion as to the lime of effecting the sale or purchase. Illustrations (a) A bequeaths property to B, directing him to sell if with all convenient speed and pay the proceeds to C. This does not render an immediate sale imperative. (b) A bequeaths property to B, directing him to sell it at such lime and in such manner as he shall think fit and invest the proceeds for the benefit of C. This does not authorize B, as between him and C, to postpone the sale to an indefinite period.

Antiquities and Art Treasures Act 1972 Section 13

Title: Power of Central Government to Carry on the Business of Selling Antiquities to the Exclusion of Others

State: Central

Year: 1972

.....the date specified therein; (b) the provisions of this act, in so far as they relate to the licensing of persons carrying on the business of selling or offering for sale of antiquities shall cease to have effect except as respects things done or omitted to be done before such cesser of operation and section 6 of the General Clauses Act, 1897 (10 of 1897) shall apply upon such cesser of operation as if those provisions had been repealed by a Central Act: Provided that every licence granted under section 8 and in force on the date aforesaid shall, notwithstanding that the period specified therein has not expired, cease to be in force. (3) Every person whose licence has ceased to be in force under the proviso to clause (b) of sub-section (2) shall, within such period, in such form and in such manner as may be prescribed, make a declaration before the licensing officer of all the antiquities in his ownership, control or possession immediately before the date specified in the notification issued under sub-section (1).

Indian Penal Code (45 of 1860) Section 486

Title: Selling Goods Marked with a Counterfeit Property Mark

State: Central

Year: 1860

1 [486. Selling goods marked with a counterfeit property mark 2 [Whoever sells, or exposes, or has in possession for sale, any goods or things with a counterfeit property mark] affixed to or impressed upon the same or to or upon any case, package or other receptacle in which such goods are contained, shall, unless be proves-- (a) that, having taken all reasonable precautions against commuting an offence against this section, he had at the time of the commission of the alleged offence no reason to suspect the genuineness of the mark, and (b) that, on demand made by or on behalf of the prosecutor, he gave all the information in his power with respect to the persons from whom he obtained such goods or things, or (c) that otherwise he had acted innocently, be punished with imprisonment of either description for a term which may extend to one year, or with fine, or with both.] ________________________ 1. Substituted by Act 4 of 1889, section 3, for the original section 486. 2. Substituted by Act 43 of 1958, section 135 and Schedule, for certain words (w.e.f. 25-11-1959).

Specific Relief Act 1963 Section 17

Title: Contract to Sell or Let Property by One Who Has No Title, Not Specifically Enforceable

State: Central

Year: 1963

(1) A contract to sell or let any immovable property cannot be specifically enforced in favour of a vendor or lessor-- (a) who, knowing himself not to have any title to the property, has contracted to sell or let the property; (b) who, though he entered into the contract believing that he had a good title to the property, cannot at the time fixed by the parties or by the court for the completion of the sale or letting, give the purchaser or lessee a title free from reasonable doubt. (2) The provisions of sub-section (1) shall also apply as far as may be, to contracts for the sale or hire of movable property.

Sale of Goods Act, 1930 Section 4

Title: Sale and Agreement to Sell

State: Central

Year: 1930

Contract of Sale (1) A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another. (2) A contract of sale may be absolute or conditional. (3) Where under a contract of sale the property in the goods is transferred from the seller to the buyer, the contract is called a sale, but where the transfer of the property in the goods is to take place at a future time or subject to some condition thereafter to be fulfilled, the contract is called an agreement to sell. (4) An agreement to sell becomes a sale when the time elapses or the conditions are fulfilled subject to which the property in the goods is to be transferred.

Indian Trusts Act, 1882 Section 22

Title: Sale by Trustee Directed to Sell Within Specified Time

State: Central

Year: 1882

Where a trustee directed to sell within a specified time extends such time the burden of proving, as between himself and the beneficiary, that the latter is not prejudiced by the extension lies upon the trustee, unless the extension has been authorized by a principal civil court of original jurisdiction. Illustration A bequeaths property to B, directing him with all convenient speed and within five years to sell it, and apply the proceeds for the benefit of C. In the exercise of reasonable discretion . B postpones the sale for six years. The sale is not thereby rendered invalid, but C, alleging that he has been injured by the postponement, institutes a suit against B to obtain compensation. In such suit the burden of proving that C has not been injured lies on B.