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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.....

Companies Act, 1956 Section 165

Title: Statutory Meeting and Statutory Report of Company

State: Central

Year: 1956

.....to every member of the company: Provided that if the statutory report is forwarded later than is required above, it shall, notwithstanding that fact, be deemed to have been duly forwarded if it is so agreed to by all the members entitled to attend and vote at the meeting. (3) The statutory report shall set out - (a) the total number of shares allotted, distinguishing shares allotted as fully or partly paid up otherwise than in cash, and stating in the case of shares partly paid up, the extent to which they are so paid up, and in either case, the consideration for which they have been allotted; (b) the total amount of cash received by the company in respect of all the shares allotted, distinguished as aforesaid; (c) an abstract of the receipts of the company and of the payments made thereout, up to a date within seven days of the date of the report, exhibiting under distinctive headings the receipts of the company from shares and debentures and other sources, the payments made thereout, and particulars concerning the balance remaining in hand, and an account or estimate of the preliminary expenses of the company, showing separately any commission or discount paid or.....

Competition Act, 2002 Section 21

Title: Reference by Statutory Authority

State: Central

Year: 2002

.....give its opinion, within sixty days of receipt of such reference, to such statutory authority which shall consider the opinion of the Commission and thereafter, give its findings recording reasons therefor on the issues referred to in the said opinion.]] ________________________________ 1. Inserted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. 2. Substituted for the following by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]: "(2) On receipt of a reference under sub-section (7), the Commission shall, after hearing the parties to the proceedings, give its opinion to such statutory authority which shall thereafter pass such order on the issues referred to in that sub-section as it deems fit: Provided that the Commission shall give its opinion under this section within sixty days of receipt of such reference." 3. Effective date :20th May 2009- notified vide Ministry of Corporate Affairs Notification No S.O.1241(E) dated 15.05.2009.

Code of Civil Procedure, 1908 Rule 1 to 4

Title: Suits Involving a Substantial Question of Law as to the Interpretation of the Constitution or as to the Validity of Any Statutory Instrument

State: Central

Year: 1908

.....of notice under rule 1, or otherwise, applies for such addition and the Court is satisfied that such addition is necessary or desirable for the satisfactory determination of the question of law involved. 1[2A. Power of Court to add Government or other authority as a defendant in a suit relating to the validity of any statutory instrument The Court may, at any stage of the proceedings in any suit involving any such question as is referred to in rule 1A, order that the Government or other authority shall be added as a defendant if the Government pleader or the pleader appearing in the case for the authority which issued the instrument, as the case may be, whether upon receipt of notice under rule 1A or otherwise, applies for such addition, and the Court is satisfied that such addition is necessary or desirable for the satisfactory determination of the question.] 5[3. Costs Where, under rule 2 or rule 2A the Government or any other authority is added as a defendant in a suit, the Attorney-General, Advocate-General, or Government Pleader or Government or other authority shall not be entitled to, or liable for, costs in the Court which ordered the addition unless the Court,.....

Reserve Bank of India Act, 1934 (2 of 1934) Section 45IB

Title: Maintenance of Percentage of Assets

State: Central

Year: 1934

.....of any State Government or of the Central Government and such bonds, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government; (ii) "unencumbered approved securities" includes the approved securities lodged by the non-banking financial company with another institution for an advance or any other arrangement to the extent to which such securities have not been drawn against or availed of or encumbered in any manner; (iii) "quarter" means the period of three months ending on the last day of March, June, September or December.] ______________________ 1. Inserted by Act 23 of 1997, section 3 (w.e.f. 9-1-1997).

Central Excise Tariff (Amendment) Act, 2004 Appendix V

Title: Assessment on the Basis of Mrp (Abatement as a Percentage of Retail Sale Price)

State: Central

Year: 2004

.....goods 35% 11. 1904.10 All goods 35% 12. 1905.11 Biscuits, in or in relation to the manufacture of which any process is ordinarily carried on with the aid of power 35% 13. 1905.31 Waffles and wafers, coated with chocolate or containing chocolate 35% 14. 1905.39 All goods 40% 14A. 1905.39 Wafer biscuits 35% 15. 2101.10 Extracts, essences and concentrates, of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee 35% 16. 2102.10 All goods 35% 17. 21.05 Ice cream and other edible ice, whether or not containing cocoa 45% 18. 2 1.06 or 24.04 (a) Pan masala (falling under sub-heading No. 2106.00), in retail packs containing ten grams or more per pack, other than the goods containing not more than 15% betel nut by weight and not containing tobacco in any proportion (b) Pan masala containing tobacco (falling under sub-heading 50% No......

National Housing Bank Act, 1987 Section 29B

Title: Maintenance of Percentage of Assets

State: Central

Year: 1987

.....Bank. (4) If the amount invested by a housing finance institution at the close of business on any day is less than the rate specified under sub-section (1) or sub-section (2), such housing finance institution shall be liable to pay to the National Housing Bank, in respect of such shortfall, a penal interest at a rate of three per cent, per annum above the bank rate on such amount by which the amount actually maintained or invested falls short of the specified percentage, and where the shortfall continues in the subsequent quarters, the rate of penal interest shall be five per cent, per annum above the bank rate on such shortfall for each subsequent quarter. (5) (a) The penal interest payable under sub-section (4) shall be payable within a period of fourteen days from the date on which a notice issued by the National Housing Bank demanding payment of the same is served on the housing finance institution and, in the event of a failure of the housing finance institution to pay the same within such period, may be levied by a direction of the principal civil court having jurisdiction in the area where an office of the defaulting housing finance institution is situated and such.....

Banking Regulation Act, 1949 Section 24

Title: Maintenance of a Percentage of Assets

State: Central

Year: 1949

.....26, for certain words and figures w.e.f. 29-3-1985. 8. Substituted by Act 1 of 1984, Section 26, for clause (b) w.e.f.29-9-1985. 9. Inserted by Act 1 of 1984 Section 26 w.e.f. 29-3-1985. 10. Inserted by Act 21 of 1976, Section 33 w.e.f. 26-9-1975. 11. Certain words omitted by Act I of 1984, Section 26 w.e.f. 29-3-1985. 12. Substituted by Act 1 of 1984, Section 26, for sub-section(3) w.e.f. 29-3-1985. 13. Omitted by the Banking Regulation (Amendment) Act, 2007, w.e.f. 23rd January, 2007. Prior to omission the text read as under: "(1) After the expiry of two years from the commencement of this Act, every banking company shall maintain 1[in India] in cash, gold or unencumbered approved securities, valued at a price not exceeding the current market price, an amount which shall not at the close of business on any day be less than 20 percent of the total of its 2[demand and time liabilities] 3[in India]. 4[Explanation.--For the purposes of this section, "unencumbered approved securities" of a banking company shall include its approved securities lodged with another institution for an advance or any other credit arrangement to the extent to which such securities have.....

Banking Regulation Act, 1949, (Maharashtra) Section 24

Title: Maintenance of a Percentage of Assets

State: Maharashtra

Year: 1949

.....banking company had sufficient cause for its failure to comply with the provisions of clause (a) of sub-section (2-A) the Reserve Bank may not demand the payment of the penal interest. Explanation : In this section, the expression "public holiday" means a day which is a public holiday under the Negotiable Instruments Act, 1881 (26 of 1881)]. ______________________ 1. Omitted by Act 1 of 1984 section 42. 2. Inserted by Act 33 of 1959. section 15 (w.e.f. 1.10.1959). 3. Inserted by Act 1 of 1984 section 61 and Schedule II (w.e.f. 15.2.1984). 4. Substituted for the words "in the States" by Act 20 of 1950. 5. Substituted for the orginial Explnation by Act 33 of 1959, section 15. 6. Sub-sections 2 and 2(a) substituted by Act 1 of 1984. 7. Inserted by Act 21 of 1976, section 33 (w.e.f. 26.9.1975). 8. Omitted by Act No. 1 of 1984, section 26 (w.e.f. 29.3.1985). 9. Substituted by Act No. 1 of 1984, section 26 (w.e.f. 29.3.1985).

Code of Civil Procedure, 1908 Order XXVIIA

Title: Suits Involving a Substantial Question of Law as to the Interpretation of the Constitution or as to the Validityof Any Statutory Instrument

State: Central

Year: 1908

1 [ORDER XXVIIA SUITS INVOLVING A SUBSTANTIAL QUESTION OF LAW AS TO THE INTERPRETATION OF 2 [THE CONSTITUTION] 3 [OR AS TO THE VALIDITY OF ANY STATUTORY INSTRUMENT] ______________________ 1. Order XXVIIA (containing rules 1, 2, 3 and 4) Inserted by Art. 23 of 1942, section 2. 2. Substituted by the A.O. 1950, for "the Government of India Act, 1935, or any Order-in-Council made thereunder". 3. Inserted by Act 104 of 1976, section 77 (w.e.f. 1-2-1977).