Bare Act Search Results

Petroleum and Minerals Pipelines (Acquisition of Right of User in Land ) Act, 1962 Complete Act

Title: Petroleum and Minerals Pipelines (Acquisition of Right of User in Land ) Act, 1962

State: Central

Year: 1962

Preamble1 - PETROLEUM AND MINERALS PIPELINES (ACQUISITION OF RIGHT OF USER IN LAND ) ACT, 1962 Section1 - Short title, extent and application Section2 - Definitions Section3 - Publication of notification for acquisition Section4 - Power to enter, survey ,etc Section5 - Hearing of Objections Section6 - Declaration of acquisition of right of user Section7 - Central Government or State Government or corporation to lay pipelines Section8 - Power to enter land for inspection, etc Section9 - Restrictions regarding the use of land Section10 - Compensation Section11 - Deposited and payment of compensation Section12 - Competent authority to have certain powers of civil courts Section13 - Protection of action taken in good faith Section14 - Bar of jurisdiction of civil courts Section15 - Penalty Section16 - Certain offence to be cognizable Section17 - Power to make rules Section18 - Application of other laws not barred Amending Act1 - PETROLEUM PIPELINES (ACQUISITION OF RIGHT OF USER IN LAND) AMENDMENT ACT, 1977

Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Amendment Act, 2011, (Central) Complete Act

Title: the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Amendment Act, 2011

State: Central

Year: 2011

Preamble - THE PETROLEUM AND MINERALS PIPELINES (ACQUISITION OF RIGHT OF USER IN LAND) AMENDMENT ACT, 2011 Section 1 - Short title and commencement Section 2 - Substitution of new sections for sections 15 and 16

Credit Information Companies (Regulation) Act, 2005 Section 12

Title: Inspection of Credit Information Company, Credit Institution and Specified User

State: Central

Year: 2005

.....of such credit information company, credit institution and specifieduser, as the said officer or person or agency may require of him within suchtime as the said officer or person or agency may specify. (3)Any officer of the Reserve Bank or person or an agency making aninspection under sub-section (1) may examine on oath any director or otherofficer or employee of the credit information company, credit institution andspecified user, in relation to their business, and may administer an oathaccordingly. (4)The expenses of, or incidental to, the inspection under sub-section (1)by any person or an agency referred to in sub-section (1) shall be borne by theconcerned credit information company or credit institution or specified user, asthe case may be.

Credit Information Companies (Regulation) Act, 2005 Complete Act

State: Central

Year: 2005

.....in any other form or manner; (B) who has raised or seeks to raise money by issue of security as defined in clause (h) of (S.2 of the Securities Contracts (Regulation) Act, 1956) (42 of 1956) or by issue of commercial paper, depository receipt or any other instrument; (C) whose financial standing has been assessed or is proposed to be assessed by a credit institution or any other person or institution as may, by notification, be directed by the Reserve Bank; (d) "credit information" means any information relating to (i) the amounts and the nature of loans or advances, amounts outstanding under credit cards and other credit facilities granted or to be granted, by a credit institution to any borrower; (ii) the nature of security taken or proposed to be taken by a credit institution from any borrower for credit facilities granted or proposed to be granted to him; (iii) the guarantee furnished or any other non-fund based facility granted or proposed to be granted by a credit institution for any of its borrowers; (iv) the credit worthiness of any borrower of a credit institution; (v) any other manner which the Reserve Bank may, consider necessary for inclusion in the credit information.....

Credit Information Companies (Regulation) Act, 2005 Chapter III

Title: Management of Credit Information Companies

State: Central

Year: 2005

.....the business or affairs of the credit information company as the Reserve Bank may consider necessary or expedient to obtain for the purpose of this Act. Section 12 - Inspection of Credit Information Company, Credit Institution and Specified User (1)Notwithstanding anything to the contrary contained in section 235 of theCompanies Act, 1956, the Reserve Bank, at any time, may and on being directed soto do by the Central Government shall, cause an inspection to be made, by one ormore of its officers or through such other persons or agency as the Reserve Bankmay determine, of any credit information company or credit institution orspecified user and their books and accounts; and the Reserve Bank shall supplyto the credit information company or credit institution or specified user, asthe case may be, a copy of its report on such inspection. (2)It shall be the duty of every director or other officer or employee of thecredit information company, credit institution and specified user to produce toany officer or person or agency, as the case may be, making an inspection undersub-section (1) all such books, accounts and other documents in his custody orpower and to furnish him with.....

Credit Information Companies (Regulation) Act, 2005 Chapter VII

Title: Offences and Penalties

State: Central

Year: 2005

.....statement, shall be punishable with fine which may extend to one crore rupees. (4) Any person who contravenes any provision of this Act or of any rule or order made thereunder, or obstructs the lawful exercise of any power conferred by or under this Act, or makes default in complying with any requirement of this Act or of any rule or order made or direction issued thereunder, shall, if no specific provision is made under this Act for punishment of such contravention, obstruction or default, be punishable with fine which may extend to one lakh rupees and where a contravention or default is a continuing one, with a further fine which may extend to five thousand rupees for every day during which the contravention or default continues. (5) Where a contravention or default has been committed by a credit information company or credit institution or specified user, as the case may be, every person who, at the time the contravention or default was committed, was in charge of, and was responsible to the credit information company or credit institution or specified user for the conduct of its business, shall be deemed to be guilty of the contravention or default, and shall be liable.....

Credit Information Companies (Regulation) Act, 2005 Chapter V

Title: Functions of Credo Information Companies

State: Central

Year: 2005

.....such other functions as are necessary to facilitate proper conduct of its affairs, business and functions in accordance with the provisions of this Act. Section 15 - Credit Institution to be Member of a Credit Information Company (1) Every credit institution in existence on the commencement of this Act, before the expiry of three months from such commencement or within such extended period, as the Reserve Bank may allow on its application and subject to being satisfied about the reason for extension, shall become member of at least one credit information company. (2) Every credit institution which comes into existence after the commencement of this Act, before the expiry of three months from its coming into existence, or within such extended period, as the Reserve Bank may allow on its application and subject to being satisfied about the reason for extension, shall become member of at least one credit information company. (3) A credit information company may, at its option, become member of another credit information company. (4) No credit information company shall refuse to register a credit institution or another credit information company as its member without.....

Credit Information Companies (Regulation) Act, 2005 Chapter VI

Title: Information Privacy Principles and Furnishing of Credit Information

State: Central

Year: 2005

.....information obtained by such institution from the credit information company. (2) Every credit institution shall, on receipt of request under sub-section (1), furnish to the person referred to in that sub-section a copy of the credit information subject to payment of such charges, as may be specified by regulations, by the Reserve Bank in this regard. (3) If a credit information company or specified user or credit institution in possession or control of the credit information, has not updated the information maintained by it, a borrower or client may request all or any of them to update the information; whether by making an appropriate correction, or addition or otherwise, and on such request the credit information company or the specified user or the credit institution, as the case may be, shall take appropriate steps to update the credit information within thirty days after being requested to do so: Provided that the credit information company and the specified user shall make the correction, deletion or addition in the credit information only after such correction, deletion or addition has been certified as correct by the concerned credit institution: Provided further.....

Credit Information Companies (Regulation) Act, 2005 Section 25

Title: Power of Reserve Bank to Impose Penalty

State: Central

Year: 2005

(1) Notwithstanding anything contained in section 23, if a contravention or default of the nature referred to in sub-section (2) of section 22 or sub-section (2) or sub-section (3) or sub-section (4) of section 23, as the case may be, is made by a credit information company or a credit institution then, the Reserve Bank may impose on such credit information company or credit institution-- (i) where the contravention is of the nature referred to in sub-section (2) of section 22, a penalty not exceeding one lakh rupees; (ii) where the contravention is of the nature referred to in sub-section (2) or sub-section (3) of section 23, a penalty not exceeding one crore rupees; (iii) where the contravention is of the nature referred to in sub-section (4) of section 23, a penalty not exceeding one lakh rupees and where such contravention or default is continuing one, a further penalty which may extend to five thousand rupees for every day, after the first, during which the contravention or default continues. (2) For the purpose of adjudging the penalty under sub-section (1), the Reserve Bank shall serve notice on credit information company or credit institution or specified user,.....

Credit Information Companies (Regulation) Act, 2005 Section 11

Title: Power of Reserve Bank to Give Directions

State: Central

Year: 2005

.....in this behalf at his usual address all notices of, and other communications relating to, any meeting of the board, committee or other body constituted by it; (d) appoint one or more of its officers to observe the manner in which the affairs of the credit information company or of its offices or branches are being conducted and make a report thereon; (e) require the credit information company to make, within such time as may be specified in the order, such changes in the management as the Reserve Bank may consider necessary. (4) The Reserve Bank may, at any time, direct any credit information company to furnish it within such time as may be specified by the Reserve Bank, such statements and information relating to the business or affairs of the credit information company as the Reserve Bank may consider necessary or expedient to obtain for the purpose of this Act.