Bare Act Search Results

Companies Act, 1956 Section 79A

Title: Issue of Sweat Equity Shares

State: Central

Year: 1956

.....under this Act and includes its subsidiary company incorporated in a country outside India. Explanation II. -For the purposes of this Act, the expression "sweat equity shares" means equity shares issued by the company to employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called. (2) All the limitations, restrictions and provisions relating to equity shares shall be applicable to such sweat equity shares issued under sub-section (1).] _____________________ 1. Inserted by Act 21 of 1999, Section 6 (w.r.e.f. 31-10-1998).

Companies Act, 2013, Section 54

Title: Issue of Sweat Equity Shares

State: Central

Year: 2013

(1) Notwithstanding anything contained in section 53, a company may issue sweat equity shares of a class of shares already issued, if the following conditions are fulfilled, namely:-- (a) the issue is authorised by a special resolution passed by the company; (b) the resolution specifies the number of shares, the current market price, consideration, if any, and the class or classes of directors or employees to whom such equity shares are to be issued; (c) not less than one year has, at the date of such issue, elapsed since the date on which the company had commenced business; and (d) where the equity shares of the company are listed on a recognised stock exchange, the sweat equity shares are issued in accordance with the regulations made by the Securities and Exchange Board in this behalf and if they are not so listed, the sweat equity shares are issued in accordance with such rules as may be prescribed. (2) The rights, limitations, restrictions and provisions as are for the time being applicable to equity shares shall be applicable to the sweat equity shares issued under this section and the holders of such shares shall rank pari passu with other equity shareholders.

The Kerala Professional Colleges or Institutions (Prohibition of Capitation Fee, Regulation of Admission, Fixation of Nonexploitative Fee and Other Measures to Ensure Equity and Excellence in Profe Complete Act

State: Kerala

Year: 2007

.....REGULATION OF ADMISSION, FIXATION OF NON-EXPLOITATIVE FEE AND OTHER MEASURES TO ENSURE EQUITY AND EXCELLENCE IN PROFESSIONAL EDUCATION) AMENDMENT ACT, 2007 An Act to amend the Kerala Professional Colleges or Institutions (Prohibition of Capitation Fee, Regulation of Admission, Fixation of Non- Exploitative Fee and Other Measures to Ensure Equity and Excellence in Professional Education) Act, 2006. Preamble.-WHEREAS, it is expedient to amend the Kerala Professional Colleges or Institutions (Prohibition of Capitation Fee, Regulation of Admission, Fixation of Non-Exploitative Fee and Other Measures to Ensure Equity and Excellence in Professional Education) Act, 2006, for the purposes hereinafter appearing; BE it enacted in the Fifty-eighth Year of the Republic of India as follows:- 1. Short title and commencement.-(1) This Act may be called the Kerala Professional Colleges or Institutions (Prohibition of Capitation Fee, Regulation of Admission, Fixation of Non-Exploitative Fee and Other Measures to Ensure Equity and Excellence in Professional Education) Amendment Act, 2007. (2) It shall be deemed to have come into force on the 1st day of June, 2007. 2. Amendment of section 6.-In.....

Income Tax Act, 1961 Section 80C

Title: Deduction in Respect of Life Insurance Premia, Deferred Annuity, Contributions to Provident Fund, Subscription to Certain Equity Shares or Debentures, Etc.

State: Central

Year: 1961

.....to keep in force a contract for a deferred annuity, not being an annuity plan referred to in clause (xii), on the life of persons specified in sub-section (4): Provided that such contract does not contain a provision for the exercise by the insured of an option to receive a cash payment in lieu of the payment of the annuity; (iii) by way of deduction from the salary payable by or on behalf of the Government to any individual being a sum deducted in accordance with the conditions of his service, for the purpose of securing to him a deferred annuity or making provision for his spouse or children, in so far as the sum so deducted does not exceed one-fifth of the salary; (iv) as a contribution by an individual to any provident fund to which the Provident Funds Act, 1925 (19 of 1925), applies; (v) as a contribution to any provident fund set-up by the Central Government and notified by it in this behalf in the Official Gazette, where such contribution is to an account standing in the name of any person specified in sub-section (4); (vi) as a contribution by an employee to a recognised provident fund; (vii) as a contribution by an employee to an approved superannuation.....

Income Tax Act, 1961 Section 115BBB

Title: Tax on Income from Units of an Open-ended Equity Oriented Fund of the Unit Trust of India or of Mutual Funds

State: Central

Year: 1961

1[(1) Where the total income of an assessee includes any income from units of an open-ended equity oriented fund of the Unit Trust of India or of a Mutual Fund, the income-tax payable shall be the aggregate of (a) the amount of income-tax calculated on income from units of an open-ended equity-oriented fund of the Unit Trust of India or of a Mutual Fund, at the rate of ten per cent ; and (b) the amount of income-tax with which the assessee would have been chargeable had his total income been reduced by the amount of income referred to in clause (a). (2) Nothing contained in sub-section (1) shall apply in relation to any income from units of an open-ended equity-oriented fund of the Unit Trust of India or of the Mutual Fund arising after the 31st day of March, 2003. Explanation : For the purposes of this section, the expressions Mutual Fund, open-ended equity-oriented fund and Unit Trust of India shall have the meanings respectively assigned to them in the Explanation to section 115T.] ________________________ 1. Inserted by the Finance Act, 2002, with effect from 1st April, 2003.

Industrial Development Bank of India Act, 1964 [Repealed] Section 4E

Title: Conversion of Equity Shares into Redeemable Preference Shares

State: Central

Year: 1964

Section 4E - Conversion of equity shares into redeemable preference shares 1[ 4E. Conversion of equity shares into redeemable preference shares (1) The Central Government may, at any time after the commencement of the Industrial Development Bank of India (Amendment) Act, 1995 and by notification in the Official Gazette, convert such number of equity shares held by it not exceeding fifty crores as it may decide into redeemable preference shares. (2) The redeemable preference shares referred to in sub-section (1) shall-- (a) carry such fixed rate of dividend as the Central Government may specify at the time of such conversion, and (b) neither be transferable nor carry any voting rights. (3) The redeemable preference shares referred to in sub-section (1) shall be redeemable by the Development Bank within three years from the date of such conversion in such instalments and in such manner as the Board may determine. ] _ _____________________ 1. Inserted by Act 5 of 1995, sec. 5 (w.r.e.f. 12-10-1994).

Small Industries Developement Bank of India Act, 1989 Section 4A

Title: Conversion of Equity Shares into Redeemable Preference Shares

State: Central

Year: 1989

.....held in aggregateby the Development Bank, the public sector banks, the General InsuranceCorporation, the Life Insurance Corporation and other institutions owned orcontrolled by the Central Government to less than fifty-one per cent. (2)The redeemable preference shares referred to in sub-section (1) shall-- (a)carry such fixed rate of dividend as the Central Government may specifyat the time of such conversion, and (b)neither be transferable nor carry any voting rights. (3)The redeemable preference shares referred to in sub-section (1) shall beredeemed by the Small Industries Bank within three years from the date of suchconversion in such instalments and in such manner as the Board may determine.] ________________________ 1.Inserted by Act 7 of 2000, sec. 3 (w.e.f. 27-3-2000).

Income Tax Act, 1961 Section 80CCB

Title: Deduction in Respect of Investment Made Under Equity Linked Savings Scheme

State: Central

Year: 1961

.....a deduction has been allowed under sub-section (1) is returned to him in whole or in part either by way of repurchase of such units or on the termination of the plan, by the fund or the trust, as the case may be, in any previous year, it shall be deemed to be the income of the assessee of that previous year and chargeable to tax accordingly. (3) Notwithstanding anything contained in any other provision of this Act, where a partition has taken place among the members of a Hindu undivided family or where an association of persons has been dissolved after a deduction has been allowed under sub-section (1), the provisions of sub-section (2) shall apply as if the person in receipt of income referred to therein is the assessee.

Companies Act, 1956 Complete Act

State: Central

Year: 1956

.....as in the (Depositories Act, 1996) (22 of 1996); (12B) "derivative" has the same meaning as in clause (aa) of (S.2 of the Securities Contracts (Regulation) Act, 1956) (42 of 1956);] (13) "director" includes any person occupying the position of director, by whatever name called; (14) "District Court" means the principal Civil Court of original jurisdiction in a district, but does not include a High Court in the exercise of its ordinary original civil jurisdiction ; [(14A) "dividend" includes any interim dividend;] (15) "document" includes summons, notice, requisition, order, other legal process, and registers, whether issued, sent or kept in pursuance of this or any other Act or otherwise ; [(15A) "employees stock option" means the option given to the whole-time directors, officers or employees of a company, which gives such directors, officers or employees the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a pre-determined price;] (16) "existing company" means an existing company as defined in (section 3); (17) "financial year" means, in relation to any body corporate, the period in respect of which.....

Companies Act, 1956 Schedule 1

Title: Schedule 1

State: Central

Year: 1956

..... Articles of Association of a Company Limited by Guaranteeand not having a Share Capital Interpretation 1. (1) In these articles - (a) "the Act" means the Companies Act, 1956. (b) "the seal" means the common seal of thecompany. (2) Unless the context otherwise requires, words orexpressions contained in these regulations shall bear the same meaning as inthe Act or any statutory modification, thereof in force at the date at whichthese regulations become binding on the company. Members 2. The number of members with which the company proposesto be registered is 500, but the Board of directors may, from time to time,whenever the company or the business of the company requires it, register an increaseof members. 3. The subscribers to the memorandum and such otherpersons as the Board shall admit to membership shall be members of the company. General meetings 4. All general meetings other than annual general meetingsshall be called extraordinary general meetings. 5. (1) The Board may, whenever it thinks fit, call anextraordinary general meeting. (2) If at any time there are not within India directorscapable of acting, who are sufficient in number to form a.....