Bare Act Search Results

Finance (No. 2) Act, 1998 Complete Act

State: Central

Year: 1998

FINANCE (NO. 2) ACT, 1998 FINANCE (NO. 2) ACT, 1998 21 of 1998 An Act to give effect to the financial proposals of the Central Government for the financial year 1998-99 BE it enacted by Parliament in the Forty-ninth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called the Finance (No. 2) Act, 1998. (2) Save as otherwise provided in this Act, sections 2 to 98 (except section 51) shall be deemed to have come into force on the 1st day of April, 1998. SECTION 02: INCOME -TAX (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1998, income-tax shall be charged at the rates specified in Part I of the First Schedule. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding six hundred rupees, in addition to total income, and the total income exceeds forty thousand rupees, then,- (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say, as if the net agricultural income were comprised in.....

Finance (No. 2) Act, 1998 Chapter III

Title: Direct Taxes

State: Central

Year: 1998

.....sold or otherwise transferred by the assessee to Government, a local authority, a corporation established by or under a Central, State of Provincial Act or a Government company as defined in section 617 of the Companies Act, 1956; or (ii) where the sale or transfer of the asset is made in connection with the succession of a firm by a company in the business or profession carried on by the firm as a result of which the firm sells or otherwise transfers to the company any asset and the scheme or the deposit scheme continues to apply to the company in the manner applicable to the firm. Explanation.-- The provisions of clause (ii) of the proviso shall apply only where-- (i) all the properties of the firm relating to the business or profession immediately before the succession become the properties of the company; (ii) all the liabilities of the firm relating to the business or profession immediately before the succession become the liabilities of the company; and (iii) all the shareholders of the company were partners of the firm immediately before the succession. (9) The Central Government may, if it considers necessary or expedient so to do, by notification in the.....

Leaders and Chief Whips of Recognised Parties and Groups in Parliament (Facilities) Act, 1998 Complete Act

State: Central

Year: 1998

.....and Chief Whips of Recognised Parties and Groups in Parliament (Telephone and Secretarial Facilities) Rules, 1999. RULE 02: DEFINITIONS In these rules, (i) "Act" means the Leaders and Chief Whips of Recognised Parties and Groups in Parliament (Facilities) Act, 1998 (5 of 1999). (ii) the expressions "recognised party" and "recognised group" shall have the meaning assigned to them under See.2 of the Leaders and Chief Whips of Recognised Parties and Groups in Parliament (Facilities) Act, 1998 (5 of 1999). (iii)1 RULE 03: TELEPHONE FACILITIES 2(1) Each leader, each deputy leader and each chief whip of a recognised party or group shall not be liable to make any payment in respect of the installation and rental of one telephone installed either at his office or residence in Delhi or New Delhi and he shall not be liable to make any payment in respect of any calls made from that telephone during his tenure as such leader, deputy leader and chief whip subject to his certifying that the calls were made in the discharge of his duties as such leader, deputy leader and chief whip. (2) The facility under sub-rule (1) shall be in addition to the telephone facilities admissible to him as a.....

Electricity Regulatory Commissions Act, 1998 [Repealed] Chapter 8

Title: Miscellaneous

State: Central

Year: 1998

.....of this Act. Amending Act 1 - ELECTRICITY REGULATORY COMMISSIONS (AMENDMENT) ACT, 2001 THE ELECTRICITY REGULATORY COMMISSIONS (AMENDMENT) ACT, 2001 [Act, No. 21 of 2001] [29th August, 2001] PREAMBLE An act to amend the Electricity Regulatory Commissions Act, 1998. Be it enacted by Parliament in the Fifty-second Year of the Republic of India as follows: -- 1. Short title This Act may be called the Electricity Regulatory Commissions (Amendment) Act, 2001. 2. Amendment of section 2 In the Electricity Regulatory Commissions Act, 1998 (14 of 1998) (hereinafter referred to as the principal Act), in section 2, -- (a) In clause (c), for the words or the State Commission, the words or the State Commission or the Joint Electricity Regulatory Commission shall be substituted; (b) After clause (e), the following clause shall be inserted, namely: -- (ea) Joint Electricity Regulatory Commission means the Joint Electricity Regulatory Commission constituted under section 21A; 3.Insertion of new Chapter IVA After Chapter IV of the principal Act, the following Chapter shall be inserted, namely: -- CHAPTER IVA JOINT ELECTRICITY REGULATORY COMMISSION 21A......

Electricity Regulatory Commissions Act, 1998 [Repealed] Repealing Act 1

Title: Electricity Act, 2003

State: Central

Year: 1998

.....scheme for the development of any river in any region is in operation, the State Government and the generating company shall co-ordinate their activities with the activities of the persons responsible for such scheme insofar as they are inter-related. 9. Captive generation (1) Notwithstanding anything contained in this Act, a person may construct, maintain or operate a captive generating plant and dedicated transmission lines: PROVIDED that the supply of electricity from the captive generating plant through the grid shall be regulated in the same manner as the generating station of a generating company. (2) Every person, who has constructed a captive generating plant and maintains and operates such plant, shall have the right to open access for the purposes of carrying electricity from his captive generating plant to the destination of his use: PROVIDED that such open access shall be subject to availability of adequate transmission facility and such availability of transmission facility shall be determined by the Central Transmission Utility or the State Transmission Utility, as the case may be: PROVIDED FURTHER that any dispute regarding the availability of.....

The Indraprastha Vishwavidyalaya Act, 1998 Complete Act

State: Delhi

Year: 1998

.....Private Institutions affiliated with the Guru Gobind Singh Indraprastha University. ACT NO. 9 OF 1998 THE INDRAPRASTHA VISHWAVIDYALAYA ACT, 1998 AN ACT To establish and incorporate an affiliating and teaching University at Delhi to facilitate and promote studies, research and extension work in emerging areas of higher education with focus on professional education, for example engineering, technology, management studies, medicine, pharmacy, nursing, education, law, etc., and also to achieve excellence in these and connected fields and other matters connected therewith or incidental thereto. BE it enacted by the Legislative Assembly of the National Capital Territory of Delhi in the forty-ninth year of the Republic of India as follows:- (As amended by the Indraprastha Vishwavidyalaya (Second Amendment) Act, 1999.) (1) This Act may be called the Guru Gobind Singh Indraprastha University Act, 1998. (2) It shall come into force on such date as the Government may, by notification in the official Gazettee, appoint. 2. In this Act, unless the context otherwise requires, - (a) "Academic Council" means the Academic Council of the University ; (b) "academic.....

Finance (No. 2) Act, 1998 Section 9

Title: Amendment of Section 32

State: Central

Year: 1998

.....4.-- For the purposes of this sub-section, the expression "know-how" means any industrial information or technique likely to assist in the manufacture or processing of goods or in the working of a mine, oil-well or other sources of mineral deposits (including searching for discovery or testing of deposits for the winning of access thereto); (d) after clause (ii), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1998, namely:-- (iii) in the case of any building, machinery, plant or furniture in respect of which depreciation is claimed and allowed under clause (i) and which is sold, discarded, demolished or destroyed in the previous year (other than the previous year in which it is first brought into use), the amount by which the moneys payable in respect of such building, machinery plant or furniture, together with the amount of scrap value, if any, fall short of the written down value thereof; Provided that such deficiency is actually written off in the books of the assessee. Explanation.-- For the purposes of this clause,-- (1) "moneys payable" in respect of any building, machinery, plant or.....

Finance (No. 2) Act, 1998 Section 5

Title: Amendment of Section 10

State: Central

Year: 1998

..... (c) in clause (15) in sub-clause (iv) in the Explanation, after clause (a) the following clause shall be inserted, namely:-- "(aa) the manufacture of computer software or recording of programme on any disc, tape, perforated media or other information device; or (d) clause (18A) shall be omitted; (e) clause (22) and (22A) shall be omitted. (f) in clause (23C),-- (A) after sub-clause (iiia), the following sub-clauses shall be inserted, namely:-- (iiiab) any university or other educational institution existing solely for educational purposes and not for purposes of profit, and which is wholly or substantially financed by the Government; or (iiiac) any hospital or other institution for the reception and treatment of persons suffering from illness or mental defectiveness or for the reception and treatment of persons during convalescence or of persons requiring medical attention or rehabilitation, existing solely for philanthropic purposes and not for purposes of profit, and which is wholly or substantially financed by the Government; or (iiiad) any university or other educational institution existing solely for educational purposes and not for purposes of.....

Maharashtra University of Health Sciences Act, 1998 Complete Act

State: Maharashtra

Year: 1998

.....by whatever name called, of any trust registered under the Bombay Public Trusts Act, 1950 or any society registered under the Societies Registration Act, 1860 Act, under the management of which one or more colleges or recognised institutions or other institutions are conducted and admitted to the privileges of the University Provided that, in relation to any college or institution established or maintained by' the Central Government or the State Government or a local authority such as Zilla Parishad, municipal council or n corporation, it means, respective the central Government or, the State Government or the concerned local, authority that is the Zilla Parishad, municipal council or municipal or as the case may be; (22) "non-vacation academic staff" means such staff as the Government may classify to be non-vacation academic staff and includes all such staff which is complimentary to academic staff but, shall not include the staff engaged: purely in administrative functions; (23) "Other Backward Classes" means such classes or parts of or groups within such classes as are declared, from time to time, by the State Government to be the Other Backward Classes and Vi-mukta Jatis and.....

National Institute of Pharmaceutical Education and Research Act, 1998 Chapter II

Title: The Institute

State: Central

Year: 1998

.....shall be accepted by the Institute which in the opinion of the Board involves conditions or obligations opposed to the spirit and object of this section. Section 10 - Teaching at Institute All teaching at the Institute shall be conducted by or in the name of the Institute in accordance with the Statutes and the Ordinances made in this behalf. Section 11 - Visitor (1) The President of India shall be the Visitor of the Institute. (2) The Visitor may appoint one or more persons to review the work and progress of the Institute and to hold inquiries into the affairs thereof and to report thereon in such manner as the Visitor may direct. (3) Upon receipt of any such report, the Visitor may take such action and issue such directions as he considers necessary in respect of any of the matters dealt with in the report and the Institute shall be bound to comply with such directions. Section 12 - Authorities of Institute The following shall be the other authorities of the Institute, namely:-- (a) a Senate; (b) such other authorities as may be declared by the Statutes to be the authorities of the Institute. Section 13 - Senate The Senate of the Institute shall.....