Title : Amendment of Section 28
State : Central
Year : 2005
In section 28 of the Income-tax Act,-- (a) after clause (iiic), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1998, namely:-- "(iiid) any profit on the transfer of the Duty Entitlement Pass Book Scheme, being the Duty Remission Scheme under the export and import policy formulated and announced under section 5 of the Foreign Trade (Development and Regulation) Act, 1992(22 of 1992);"; (b) after clause (iiid) as so inserted, the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2001, namely:-- "(iiie) any profit on the transfer of the Duty Free Replenishment Certificate, being the Duty Remission Scheme under the export and import policy..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 6
State : Central
Year : 2007
In section 6 of the State Bank of Saurashtra Act,-- (a) after sub-section (1), the following sub-section shall be inserted, namely:-- "(1A) Notwithstanding anything contained in sub-section (1), the issued capital of the Saurashtra Bank, shall consist of such amount as the State Bank may, with the approval of the Reserve Bank, fix, and, shall be divided into fully paid-up shares of such denomination in accordance with sub-section (2) of section 5."; (b) for sub-section (3), the following sub-sections shall be substituted, namely:-- "(3) The Saurashtra Bank may, from time to time, with the approval of the State Bank and the Reserve Bank, increase, whether by public issue or by preferential allotment or private placement in accordance with the procedure as may be specified by..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 10
State : Central
Year : 2007
In section 10 of the State Bank of Hyderabad Act,-- (a) after sub-section (1), the following sub-section shall be inserted, namely:-- "(1A) Notwithstanding anything contained in sub-section (1), the issued capital of the Hyderabad Bank, shall consist of such amount as the State Bank may, with the approval of the Reserve Bank, fix, and shall be divided into fully paid-up shares of such denomination in accordance with sub-section (2) of section 9."; (b) for sub-section (3), the following sub-sections shall be substituted, namely:-- "(3) The Hyderabad Bank may, from time to time, with the approval of the State Bank and the Reserve Bank, increase, whether by public issue or by preferential allotment or private placement in accordance with the procedure as may be specified by..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 63
State : Central
Year : 2007
In section 63 of the State Bank of India (Subsidiary Banks) Act,-- (a) for sub-section (1), the following sub-section shall be substituted, namely:-- "(1) The Board of Directors of a subsidiary bank may, after consultation with the State Bank and with the previous approval of the Reserve Bank, by notification in the Official Gazette, make regulations not inconsistent with this Act and the rules made thereunder, to provide for all matters for which provision is necessary or expedient for the purpose of giving effect to the provisions of this Act or any other law for the time being in force;"; (b) in sub-section (2),-- (i) after clause (f), the following clauses shall be inserted, namely:-- "(fa) the procedure for issuing the certificates of shares; (fb) the procedure with..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 17
State : Central
Year : 2006
In the Customs Act, 1962 (52 of 1962) (hereafter referred to as the Customs Act), in section 17, after sub-section (4), the following sub-section shall be inserted, namely:-- "(5) Where any assessment done under sub-section (2) is contrary to the claim of the importer or exporter regarding valuation of goods, classification, exemption or concessions of duty availed consequent to any notification therefor under this Act, and in cases other than those where the importer or the exporter, as the case may be, confirms his acceptance of the said assessment in writing, the proper officer shall pass a speaking order within fifteen days from the date of assessment of the bill of entry or the shipping bill, as the case may be.". View Complete Act List Judgments citing this sectionTitle : Payment of Surcharge
State : Central
Year : 2000
Notwithstandinganything contained in the Income-tax Act, the surcharge payable under section 2of, and Part in of the First Schedule to, the principal Act, as amended by thisAct,-- (i)In the case ofan assessee being a domestic company shall, in respect of the installment of"advance tax" paid or payable on or before the 15th day of June, 2000,the 15th day of September, 2000 and the 15th day of December, 2000,be payable on or before the 15th day of March, 2001; (ii) In any case in which income-tax has to be charged under section 175 orsub-section (2) of section 176 of the said Act, shall be payable, in the case ofan assessee being a domestic company, only where such income-tax: is so chargedafter the date on which this Act receives the assent of the President. View Complete Act List Judgments citing this sectionTitle : Substitution of New Section for Section 5
State : Central
Year : 2007
For section 5 of the State Bank of Saurashtra Act, 1950 (hereafter in this Chapter referred to as the State Bank of Saurashtra Act), the following section shall be substituted, namely:-- "5. Authorised Capital-(1) Subject to the provisions of this Act, the authorised capital of the Saurashtra Bank shall be rupees five hundred crores. (2) The authorised capital of the Saurashtra Bank shall be divided into shares of one hundred rupees each or of such denomination as the Saurashtra Bank may, with the approval of the State Bank, decide. (3) The Saurashtra Bank may issue the certificates of shares of equivalent values of such denomination as the Saurashtra Bank may decide with the approval of the State Bank, in accordance with the procedure as may be specified by regulations made under..... View Complete Act List Judgments citing this sectionTitle : Substitution of New Section for Section 9
State : Central
Year : 2007
For section 9 of the State Bank of Hyderabad Act, 1956 (79 of 1956) (hereafter in this Chapter referred to as the State Bank of Hyderabad Act), the following section shall be substituted, namely:-- "9. (1) Subject to the provisions of this Act, the authorised capital of the Hyderabad Bank shall be rupees five hundred crores. (2) The authorised capital of the Hyderabad Bank shall be divided into shares of one hundred rupees each or of such denomination as the Hyderabad Bank may, with the approval of the State Bank, decide. (3) The Hyderabad Bank may issue the certificates of shares of equivalent values of such denomination as the Hyderabad Bank may decide with the approval of the State Bank, in accordance with the procedure as maybe specified by regulations made under section 63 of..... View Complete Act List Judgments citing this sectionTitle : Insertion of New Section 154b
State : Central
Year : 2006
After section 154A of the Customs Act, the following section shall be inserted, namely:-- "154B Publication of information respecting persons in certain cases. (1) If the Central Government is of opinion that it is necessary or expedient in the public interest to publish the names of any person and any other particulars relating to any proceedings or prosecutions under this Act in respect of such person, it may cause to be published such names and particulars in such manner as it thinks fit. (2) No publication under this section shall be made in relation to any penalty imposed under this Act until the time for presenting an appeal to the Commissioner (Appeals) under section 128 or the Appellate Tribunal under section 129A, as the case may be, has expired without an appeal having..... View Complete Act List Judgments citing this sectionTitle : Amendment of Section 11a
State : Central
Year : 2006
EXCISE In section 11A of the Central Excise Act, 1944 (1 of 1944) (hereafter referred to as the Central Excise Act),- (a) after sub-section (1), the following sub-section shall be inserted, namely:-- "(1A) When any duty of excise has not been levied or paid or has been short-levied or short paid or erroneously refunded, by reason of fraud, collusion or any wilful misstatement or suppression of facts, or contravention of any of the provisions of this Act or the rules made thereunder with intent to evade payment of duty, by such person or his agent, to whom a notice is served under the proviso to sub-section (1) by the Central Excise Officer, may pay duty in full or in part as may be accepted by him, and the interest payable thereon under section 11AB and penalty equal to..... View Complete Act List Judgments citing this section