Bare Act Search Results

Air Corporations Act, 1953 Complete Act

State: Central

Year: 1953

.....with either of the Corporations. SECTION 09: CORPORATIONS TO ACT ON BUSINESS PRINCIPLES - In carrying out any of duties vested in it by this Act, each of the Corporations shall act so far as may be on business principles. CHAPTER 03: FINANCE, ACCOUNTS AND AUDIT SECTION 10: CAPITAL OF THE CORPORATIONS - (1) All non-recurring expenditure incurred by the Central Government for, or in connection with, each of the Corporations up to the date of establishment of that Corporation and declared to be capital expenditure by that Government, shall be treated as capital provided by the Central Government to that Corporation. (2) The Central Government may provide any further capital that may be required by either of the Corporations for the carrying on of the business of the Corporation or for any purpose connected therewith on such terms and conditions as the Central Government may determine. (3) Each of the Corporations may, with the consent of the Central Government, or in accordance with the terms of any general authority given to it by the Central Government- (a) borrow money for all or any of the purposes of the Corporation, and (b) secure the payment of any money.....

Parliament (Prevention of Disqualification) Act (1959) Section 3

Title: Certain Offices of Profit Not to Disqualify

State: Central

Year: 1959

.....3 of the national Commission for Women Act, 1990;] (c) the office of a member of any force raised or maintained, under the National Cadet Corps Act, 1948, the Territorial Army Act, 1948, or the Reserve and Auxiliary Air Forces Act, 1952; (d) the office of a member of a Home Guard constituted under any law for the time being in force in any State; (e) the office of Sheriff in the city of Bombay, Calcutta or Madras; (f) the office of chairman or member of the syndicate, senate, executive committee, council or court of a University or any other body connected with a University; (g) the office of a member of any delegation or mission sent outside India by the Government for any special purpose; (h) the office of chairman or member of a committee (whether consisting of one or more members), set up temporarily for the purpose of advising the Government or any other authority in respect of any matter of public importance or for the purpose of making an inquiry into or collecting statistics in respect of, any such matter, if the holder of such office is not entitled to any remuneration other than compensatory allowance; 4[(i) the office of chairman, director or member of.....

Parliament (Prevention of Disqualification) Act, 1959 Complete Act

State: Central

Year: 1959

.....1950, the Parliament (Prevention of Disqualification) Act, 1951 and the Prevention of Disqualification (Parliament and Part C States Legislatures) Act, 1953. The Act of 1951 exempted certain offices for specified periods which have expired and the Act is thus spent. The Act of 1950 and section 3 of the Act of 1953exempted permanently the offices of- (i) Ministers of State and Deputy Ministers, (ii) Parliamentary Secretaries and Parliamentary Under Secretaries, (iii) Deputy Chief Whips in Parliament, (iv) Vice-Chancellors of Universities, (v) Officers in the National Cadet Corps, and the Territorial Army, and (vi) the Chairman and members of Advisory Committees set up by the Government when they are not entitled to any fee or remuneration other than compensatory allowance, Section 4 of the Act of 1953further exempted for a temporary period- (i) the offices of Chairman and member of any other Committee set up by the Government, whether under a statute or by executive order, and (ii) the offices of Chairman, director, member and officer of any statutory body, where the power to make the appointment or the power to remove the person from the office is vested in the Government. It.....

Income Tax Act, 1961 Chapter VIA

Title: Deductions to Be Made in Computing Total Income

State: Central

Year: 1961

.....any premium or other payment made on an insurance policy other than a contract for a deferred annuity as is not in excess of twenty per cent of the actual capital sum assured. Explanation : In calculating any such actual capital sum assured, no account shall be taken (i) of the value of any premiums agreed to be returned, or (ii) of any benefit by way of bonus or otherwise over and above the sum actually assured, which is to be or may be received under the policy by any person. (4) The persons referred to in sub-section (2) shall be the following, namely: (a) for the purposes of clauses (i), (v), (x) and (xi) of that sub-section, (i) in the case of an individual, the individual, the wife or husband and any child of such individual, and (ii) in the case of a Hindu undivided family, any member thereof; (b) for the purposes of clause (ii) of that sub-section, in the case of an individual, the individual, the wife or husband and any child of such individual; (c) for the purpose of clause (xvii) of that sub-section, in the case of an individual, any two children of such individual. (5) Where, in any previous year, an assessee (i) terminates his contract of insurance.....

Income Tax Act, 1961 Complete Act

State: Central

Year: 1961

INCOME TAX ACT, 1961 INCOME TAX ACT, 1961 43 of 1961 [AS AMENDED BY FINANCE ACT, 2003] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows : CHAPTER 1 PRELIMINARY Section 1 Short title, extent and commencement (1) This Act may be called the Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on the 1st day of April, 1962. Section 2 Definitions 1 Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1) "advance tax" means the advance tax payable in accordance with the provisions of Chapter XVII-C;] 2 Renumbered as clause (1A) by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1A)] 3 For manner of computation of income which is partially agricultural and partially frombusiness, see rules 7, 7A, 7B and 8. For analysis, see Mashbra's Income-tax Rules."agricultural income" means - 4 Substituted by the Taxation Laws (Amendment) Act, 1970, w.r.e.f. 1-4-1962.[(a) any rent or revenue derived from land which is situated in India and is used for.....

Registration Act, 1908 Part V

Title: Of the Place of Registration

State: Central

Year: 1908

.....relating to land.--Save as in this part otherwise provided every document mentioned in clauses (a), (b), (c), (d) and (e) of sub-section (1) and sub-section (2) of section 17 insofar as such documents affect immovable property and in clauses (a), (b), (c) and (cc) of section 18 shall be presented for registration in the office of the Sub-Registrar within whose sub-district or district the whole of the property to which such document relates is situated in the State of Bihar." 5 Gujarat: Amendment is the same as that of Maharashtra. 6 [7 [Maharashtra: (i) In section 28 for the letters, brackets and word "(b) and (c)" substitute the brackets, letters and word "(b), (c), (cc) and (ee)". (ii) For brackets, letters, word and figure "(ee) and (eee)", brackets, letters and words "and (ee)" shall be substituted. 8 Pondicherry: Section 28 shall be substituted as under: "28. Place for registering documents relating to land.--Save as in this Part otherwise provided,-- (a) every document mentioned in clauses (a), (b), (c), (d) and (e) of sub-section (1) and sub-section (2) of section 17, in so far as such document affects immovable property and in clauses (a), (b), (c) and.....

Registration Act, 1908 Section 30

Title: Registration by Registrars in Certain Cases

State: Central

Year: 1908

.....figure "(1)" shall be deleted; (2) sub-section (2) shall be deleted. 5 Haryana: In section 30, omit sub-section (2). 6 Madhya Pradesh: Sub-section (2) of section 30 shall be omitted. 7 Orissa: In section 30, omit sub-section (2). 8 Rajasthan: The brackets and figure "(1)" and sub-section (2) be omitted. 9 Uttar Pradesh: In section 30, sub-section (2) shall be omitted. 10 [11 [12 West Bengal: (1) In section 30, sub-section (2) shall be omitted. (2) After section 30, the following section shall be inserted, namely:-- "30A. Registration by Registrar of Assurances, Calcutta.--Notwithstanding anything contained elsewhere in the Act, the Registrar of Assurance, Calcutta, may receive and register any document referred to in section 28 without regard to the situation in any part of West Bengal of the property to which the document relates." (3) After section 30A, the following section shall be inserted, namely:-- "30B. Special power of registration in certain cases by Registrar of Assurances, Calcutta.--Notwithstanding anything contained elsewhere in this Act, the Registrar of Assurances, Calcutta, may without regard to the situation in any part of India.....

Disaster Management Act, 2005 Complete Act

State: Central

Year: 2005

.....Act of Parliament received the assent of the President on 23.12.2005 and is hereby published for general information: THE DISASTER MANAGEMENT ACT, 2005 No. 53 of 2005 An Act to provide for the effective management of disasters and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Fifty-sixth Year of the Republic of India as follows: CHAPTER 1: PRELIMINARY: Section 1: Short title, extent and commencement: (1) This Act may be called the Disaster Management Act, 2005. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette appoint; and different dates may be appointed for different provisions of this Act and for different States, and any reference to commencement in any provision of this Act in relation to any State shall be construed as a reference to the commencement of that provision in that State. SECTION 2: Definitions: In this Act, unless the context otherwise requires, (a) "affected area" means an area or part of the country affected by a disaster; (b) "capacity-building" includes (i) identification of existing resources.....

Insurance Regulatory and Development Authority Act, 1999 Complete Act

State: Central

Year: 1999

.....thereto and further to amend the Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and the General Insurance Business (Nationalisation) Act, 1972. Be it enacted by Parliament in the Fiftieth Year of the Republic of India as follows: STATEMENT OF OBJECTS AND REASONS 1. The insurance industry requires a high degree of regulation. The Insurance Act, 1938 provides for the institution of the Controller of Insurance to act as a strong and powerful supervisory and regulatory authority with powers to direct, advise, caution, prohibit, investigate, inspect, prosecute, search, seize, fine, amalgamate, authorise, register and liquidate insurance companies. However, after the nationalisation of the life insurance industry in 1956 and the general insurance industry in 1972, the role of the Controller of Insurance diminished in significance over a period of time. 2. In April, 1993, the Government set up a high-powered Committee headed by Shri R.N. Malhotra, former Governor, Reserve Bank of India, to examine the structure of the insurance industry and recommend changes to make it more efficient and competitive keeping in view the structural changes in other parts of the financial.....

Parliament (Prevention of Disqualification) Act (1959) Section 2

Title: Definitions

State: Central

Year: 1959

In this Act, unless the context otherwise requires,-- (a) "compensatory allowance" means any sum of money payable to the holder of an office by way of daily allowance (such allowance not exceeding the amount of daily allowance to which a member of Parliament is entitled under1[the Salary, Allowances and Pension of Members of Parliament Act, 1954], any conveyance allowance house rent allowance or travelling allowance for the purpose of enabling him to recoup any expenditure incurred by him in performing the functions of that office; (b) "statutory body" means any corporation, committee, commission, council, board or other body of persons, whether incorporated or not, established or under any law for the time being in force; (c) "non-statutory body" means any body of the persons other than a statutory body. ________________________ 1. Substituted by the words "the Salaries and Allowance of Members of Parliament Act, 1954" by the Parliament (Prevention of Disqualification) Amendment Act (54 of 1993), S.2(27-8-1993).