Bare Act Search Results

The Punjab Relief of Indebtedness Act, 1934 Complete Act

State: Punjab

Year: 1934

THE PUNJAB RELIEF OF INDEBTEDNESS ACT, 1934 THE PUNJAB RELIEF OF INDEBTEDNESS ACT, 1934 PUNJAB ACT 7 OF 1934 TABLE OF CONTENTS PART I PRELIMINARY Sections Subject 1. Short title, extent and commencement. 2. Interpretation clause (definitions) PART II INSOLVENCY PROCEDURE 3. Amendment of section 10 of the Provincial Insolvency Act, 1920 4. Amendment of section 74 of the Provincial Insolvency Act, 1920. PART III USURIOUS LOANS 5. Amendment of section 3 of the Usurious Loans Act, 1918 . 6. Retrospective Effect. PART IV DEBT CONCILIATION BOARDS 7. Interpretation clause (definitions). 8. Setting up of Debt Conciliation Boards. 9. Application for settlement between a debtor and his creditors. 10. Verification of application. 11. Particulars to be stated in application. 12. Procedure on receipt of application. 13. Notice calling upon creditors to submit statements of debts. 14. Procedure on submission of statement of debts. 15. Board to attempt amicable settlement 15A Power of.....

Companies (Declaration of Dividend out of Reserves) Rules, 1975 Complete Act

State: Central

Year: 1975

COMPANIES (DECLARATION OF DIVIDEND OUT OF RESERVES) RULES, 1975 1. Short title. These Rules may be called the Companies (Declaration of Dividend out of Reserves) Rules, 1975. 2. Declaration of dividend out of reserves.- In the event of inadequacy or absence of profits in any year, dividend may be declared by a company for that year out of the accumulated profits earned by it in previous years and transferred by it to the reserves, subject to the conditions that- (i) the rate of dividend declared shall not exceed the average of the rates at which dividend was declared by it in the five years immediately preceding that year or ten per cent of its paid up capital, whichever is less; (ii) the total amount to be drawn from the accumulated profits earned in previous years and transferred to the reserves shall not exceed an amount equal to one-tenth of the sum of its paid up capital and free reserves and the amount so drawn shall first be utilised to set off the losses incurred in the financial year before any dividend in respect of preference or equity shares is declared; and (iii) the balance of reserves after such drawal shall not fall below fifteen per cent of.....

Indian Contract Act, 1872 Section 168

Title: Right of Finder of Goods, May Sue for Specific Reward Offered

State: Central

Year: 1872

The finder of goods has no right to sue the owner for compensation for trouble and expense voluntarily incurred by him to preserve the goods and to find out the owner; but he may retain the goods against the owner until he receives such compensation; and, where the owner has offered a specific reward for the return of goods lost, the finder may sue for such reward, and may retain the goods until he receives it.

Indian Contract Act, 1872 Section 137

Title: Creditors Forbearance to Sue Does Not Discharge Surety

State: Central

Year: 1872

Mere forbearance on the part of the creditor to sue the principal debtor or to enforce any other remedy against him, does not, in the absence of any provision in the guarantee to the contrary, discharge the surety. Illustration B owes to C a debt guaranteed by A. The debt becomes payable. C does not sue B for a year after the debt has become payable. A is not discharged from his suretyship.

Code of Civil Procedure, 1908 Section 83

Title: When Aliens May Sue

State: Central

Year: 1908

Alien enemies residing in India with the permission of the Central Government, and alien friends, may sue in any Court otherwise competent to try the suit, as if they were citizens of India, but alien enemies residing in India without such permission, or residing in a foreign country, shall not sue in any such Court. Explanation.--Every person residing in a foreign country, the Government of which is at war with India and carrying on business in that country without a licence in that behalf granted by the Central Government, shall, for the purpose of this section, be deemed to be an alien enemy residing in a foreign country.

Presidency Small Cause Courts Act, 1882 Section 18A

Title: Plaintiff May Abandon Suit Against Defendant Resident out of Jurisdiction

State: Central

Year: 1882

The Small Cause Court may allow a plaintiff at or before the first hearing of a suit in which a joint and several liability is alleged on a cause of action arising either wholly or in part within the local limits of the jurisdiction of the Court to abandon the suit as against any defendant who does not reside or carry on business or personally work for gain within such local limits, and to sue for a decree against such defendants only as do so reside, carry on business or personally work for gain.

Code of Civil Procedure, 1908 Section 84

Title: When Foreign States May Sue

State: Central

Year: 1908

A foreign State may sue in any competent Court: Provided that the object of the suit is to enforce a private right vested in the Ruler of such State or in any officer of such State in his public capacity.

Indian Succession Act, 1925 Section 216

Title: Grantee of Probate or Administration Alone to Sue, Etc., Until Same Revoked

State: Central

Year: 1925

After any grant of probate or letters of administration, no other than the person to whom the same may have been granted shall have power to sue or prosecute any suit, or otherwise act as representative of the deceased, throughout the State in which the same may have been granted, until such probate or letters of administration has or have been recalled or revoked.

Presidency-towns Insolvency Act, 1909 Section 83

Title: Name Under Which to Sue or Be Sued

State: Central

Year: 1909

The official assignee may sue and be sued by the name of "the official assignee of the property of, an insolvent," inserting the name of the insolvent, and by that name may hold property of every description, make contracts, enter into any engagements binding on himself and his successors in office, and do all other acts necessary or expedient to be done in the execution of his office. {In the application of the Act to Madras, ss.81 and83 have been repealed, see the Presidency-towns Insolvency (Madras Amendment) Act, 1943 (Mad.5 of 1943), ss.9 and 12.In the application of the Act to Bombay, s.84 has been repealed, see the Presidency-towns Insolvency (Bombay Amendment) Act, 1933 (Bom.20 of 1933), s.11.For ss.81, 81B, 82, 82A, 82B, 82C and 84A, as applicable to Calcutta, see the Presidency-towns Insolvency (Bengal Amendment) Act, 1936 (Ben.18 of 1936), ss.4 to 7.For ss.82 and 83, as applicable to Bombay, see Bombay Act 20 of 1933, ss.4 and 5.For ss.82, 82A, 82B, 84 and 84A, as applicable to Madras, see Madras Act 5 of 1943, ss.11 and 14.}

Transfer of Property Act, 1882 Section 91

Title: Persons Who May Sue for Redemption

State: Central

Year: 1882

1 [91. Persons who may sue for redemption Besides the mortgagor, any of thefollowing persons may redeem, or institute a suit for redemption of, themortgaged property, namely:- (a) any person (other than themortgagee of the interest sought to be redeemed) who has any interest in, orcharge upon, the property mortgaged or in or upon the right to redeem the same; (b) any surety for the payment ofthe mortgage-debt or any part thereof; or (c) any creditor of the mortgagor who has in asuit for the administration of his estate obtained a decree for sale of themortgaged property.] ________________________ 1 . Substituted by Act 20 of 1929 Section 46,for the original section.