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Home Bare Acts Phrase: subscriptionIncome 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
.....finance for construction or purchase of houses in India for residential purposes which is eligible for deduction under clause (viii) of sub-section (1) of section 36, or (6) any company in which the public are substantially interested or any co-operative society, where such company or cooperative society is engaged in the business of financing the construction of houses, or (7) the assessees employer where such employer is an authority or a board or a corporation or any other body established or constituted under a Central or State Act, or (8) the assessees employer where such employer is a public company or a public sector company or a university established by law or a college affiliated to such university or a local authority or a co-operative society; or (d) stamp duty, registration fee and other expenses for the purpose of transfer of such house property to the assessee, but shall not include any payment towards or by way of (A) the admission fee, cost of share and initial deposit which a shareholder of a company or a member of a co-operative society has to pay for becoming such shareholder or member; or (B) the cost of any addition or alteration to,.....
View Complete Act List Judgments citing this sectionChit Funds Act, 1982 Section 33
Title: Foreman to Demand Future Subscriptions by Written Notice
State: Central
Year: 1982
.....in the chit agreement and the cost of adjudication of the dispute, the Registrar or his nominee hearing the dispute shall, notwithstanding any contract to the contrary, make an order directing the subscriber to pay to the foreman the future subscriptions on or before the dates on which they fall due, and that, in case of any default of such payments by the subscriber, the foreman shall be at liberty to realise, in execution of that order, all future subscriptions and interest together with the costs, if any, less the amount, if any, already paid by the subscriber in respect thereof: Provided that if any such dispute is on a promissory note, no order shall be passed under this sub-section unless such promissory note expressly states that the amount due under the promissory note is towards the payment of subscriptions to the chit. (3) Any person who holds any interest in the property furnished as security or part thereof, shall be entitled to make the payment under sub-section (2). (4) All consolidated payment of future subscriptions realised by a foreman shall be deposited by him in an approved bank mentioned in the chit agreement before the date of the succeeding.....
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 69
Title: Prohibition of Allotment Unless Minimum Subscription Received
State: Central
Year: 1956
.....of the one hundred and thirtieth day: Provided that a director shall not be so liable if he proves that the default in the repayment of the money was not due to any misconduct or negligence on his part. (6) Any condition purporting to require or bind any applicant for shares to waive compliance with any requirement of this section shall be void. (7) This section, except sub-section (3) thereof, shall not apply in relation to any allotment of shares subsequent to the first allotment of shares offered to the public for subscription. _____________________ 1. Substituted by Act 31 of 1965, Section 9, for sub-section (4) (w.e.f. 15-10-1965). 2. Substituted by Act 53 of 2000, Section 27, for "five thousand rupees" (w.e.f. 13-12-2000).
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 581ZH
Title: Donations or Subscription Byproducer Company
State: Central
Year: 1956
(1) A Producer Company may, by special resolution, make donation or subscription to any institution or individual for the purposes of (a) promoting the social and economic welfare of Producer Members or producers or general public; or (b) promoting the mutual assistance principles: Provided that the aggregate amount of all such donation and subscription in any financial year shall not exceed three per cent. of the net profit of the Producer Company in the financial year immediately preceding the financial year in which the donation or subscription was made: Provided further that no Producer Company shall make directly or indirectly to any political party or for any political purpose to any person any contribution or subscription or make available any facilities including personnel or material.
View Complete Act List Judgments citing this sectionCHIT FUNDS ACT, 1982 Section 42
Title: Refund of non-prized subscribers's subscriptions
State: Central
Year: 1982
Except in the cases referred to in clauses (a) and (b) of section 40,- (a) every non-prized subscriber shall, unless otherwise provided for in this Act or in the chit agreement, be entitled to get back his subscriptions at the termination of the chit without any deduction for dividend, if any, earned by him: Provided that, any person to whom the rights of a non-prized subscriber are transferred in accordance with the provisions of section 35, shall, in addition to his own subscriptions, be entitled to get back the subscriptions paid by such non-prized subscriber, subject to the conditions specified in this section; (b) if a chit terminates on a date earlier than the date originally fixed in the chit agreement, the non-prized subscriber's claim shall be deemed to have arisen on the date on which he has notice thereof.
View Complete Act List Judgments citing this sectionChit Funds Act, 1982 Section 32
Title: Prized Subscriber to Pay Subscriptions Regularly
State: Central
Year: 1982
Every prized subscriber shall pay his subscriptions regularly on the dates and times and at the place mentioned in the chit agreement and, on his failure to do so, he shall be liable to make a consolidated payment of all the future subscriptions forthwith.
View Complete Act List Judgments citing this sectionCapital Issues (Control) Act, 1947 [Repealed] Section 4
Title: Control of Advertisement of Offers of Securities for Subscription Etc.
State: Central
Year: 1947
.....been accorded by the Central Government under this to the issue or creation of such securities and a statement has been made to that effect in the offer. (3) No person shall without the consent of the Central Government circulate any offer, being a public offer, in the States for the sale of any securities issued or created with the consent or recognition of the Central Government if such issue or creation was made by a private company or if the order according consent or recognition contained a condition that the securities should be privately subscribed.] _______________________ 1. Substituted by the Capital Issues (Control) Amendment Act (Act 50 of 1957) w.e.f 21.12.1957.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 42
Title: Offer or Invitation for Subscription of Securities on Private Placement
State: Central
Year: 2013
.....buyers and employees of the company being offered securities under a scheme of employees stock option as per provisions of clause (b) of sub-section (1) of section 62], in a financial year and on such conditions (including the form and manner of private placement) as may be prescribed. Explanation I.--If a company, listed or unlisted, makes an offer to allot or invites subscription, or allots, or enters into an agreement to allot, securities to more than the prescribed number of persons, whether the payment for the securities has been received or not or whether the company intends to list its securities or not on any recognised stock exchange in or outside India, the same shall be deemed to be an offer to the public and shall accordingly be governed by the provisions of Part I of this Chapter. Explanation II.--For the purposes of this section, the expression-- (i) "qualified institutional buyer" means the qualified institutional buyer as defined in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended from time to time. (ii) "private placement" means any offer of securities or invitation to subscribe.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 80CCF
Title: Deduction in Respect of Subscription to Long-term Infrastructure Bonds
State: Central
Year: 1961
1[In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, the whole of the amount, to the extent such amount does not exceed twenty thousand rupees, paid or deposited, during the previous year relevant to the assessment year beginning on the 1st day of April, 2011, as subscription to long-term infrastructure bonds as may, for the purposes of this section, be notified by the Central Government.] _____________________________ 1. Inserted by the Finance Act, 2010 w.e.f. 01.04.2011.
View Complete Act List Judgments citing this sectionChit Funds Act, 1982 Section 27
Title: Non-prized Subscribers to Pay Subscriptions and Obtain Receipts
State: Central
Year: 1982
Every non-prized subscriber shall pay his subscription due in respect of every instalment on the dates and times and at the places mentioned in the chit agreement and shall, on such payment, be entitled to obtain a receipt from the foreman.
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