Bare Act Search Results

Companies Act, 1956 Section 372A

Title: Inter-corporate Loans and Investments

State: Central

Year: 1956

.....a private company, unless it is a subsidiary of a public company; (b) to investment made in shares allotted in pursuance of clause (a) of sub-section (1) of section 81; (c) to any loan made by a holding company to its wholly owned subsidiary; (d) to any guarantee given or any security provided by a holding company in respect of loan made to its wholly owned subsidiary; or (e) to acquisition by a holding company, by way of subscription, purchases or otherwise, the securities of its wholly owned subsidiary. (9) If default is made in complying with the provisions of this section, other than sub-section (5), the company and every officer of the company who is in default shall be punishable with imprisonment which may extend to two years or with fine which may extend to fifty thousand rupees: Provided that where any such loan or any loan in connection with which any such guarantee or security has been given, or provided by the company, has been repaid in full, no punishment by way of imprisonment shall be imposed under this sub-section, and where such loan has been repaid in part, the maximum punishment which may be imposed under this sub-section by way of.....

Companies Act, 2013, Section 186

Title: Loan and Investment by Company

State: Central

Year: 2013

.....exemption to non-banking financial company shall be in respect of its investment and lending activities; (ii) made by a company whose principal business is the acquisition of securities; (iii) of shares allotted in pursuance of clause (a) of sub-section (1) of section 62. (12) The Central Government may make rules for the purposes of this section. (13) If a company contravenes the provisions of this section, the company shall be punishable with fine which shall not be less than twenty-five thousand rupees but which may extend to five lakh rupees and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to two years and with fine which shall not be less than twenty-five thousand rupees but which may extend to one lakh rupees. Explanation.--For the purposes of this section,-- (a) the expression "investment company" means a company whose principal business is the acquisition of shares, debentures or other securities; (b) the expression "infrastructure facilities" means the facilities specified in Schedule VI.

West Bengal Employment Scheme Loans (Recovery) Act, 1992 Complete Act

State: West Bengal

Year: 1992

.....the certificate or the amount admitted by the appellant to be due, as the case may be, and the balance, if any, shall be refunded to the appellant in such manner as the appellate authority may direct. Section 5 Power to make rules The State Government may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act. Section 6 Repeal and saving (1) The West Bengal Employment Scheme Loans (Recovery) Act (W. Ben. Act 3 of 1976), is hereby repealed. (2) Notwithstanding such repeal, (a) anything duly done or suffered under the said Act, or (b) any right, privilege, obligation or liability acquired, accrued or incurred under the said Act, or (c) any investigation, legal proceeding or remedy, in respect of any such right, privilege, obligation or liability as aforesaid, shall not be affected and any such investigation, legal proceeding or remedy may be instituted, continued or enforced as if this Act had not been passed. West Bengal State Acts

Local Authorities Loans Act, 1914 Complete Act

Title: Local Authorities Loans Act, 1914

State: Central

Year: 1914

Preamble1 - LOCAL AUTHORITIES LOANS ACT, 1914 Section1 - Short title and extent Section2 - Definitions Section3 - Borrowing powers of local authorities Section4 - Power to Government to make rules Section5 - Remedy by attachment if loan not repaid Section6 - Issue of short term bills Section7 - Loans not to be effected except under this Act Section8 - Application of Act to loans existing previous to the fifth of September, 1871 Section9 - [Repeals.] ScheduleI - SCHEDULE I ScheduleII - SCHEDULE II

Land Improvement Loans Act, 1883 Section 7

Title: Recovery of Loans

State: Central

Year: 1883

.....on, that interest. (2) When any sum due on account of any such loan, interest or costs is paid to the Collector by a surety or an owner of property comprised in any collateral security, or is recovered under sub-section (1) by the Collector from a surety or out of any such property, the Collector shall, on the application of the surety or the owner of that property (as the case may be), recover that sum on his behalf from the borrower, or out of the land for the benefit of which the loan has been granted, in manner provided by sub-section (1). (3) It shall be in the discretion of a Collector acting under this section to determine the order in which he will resort to the various modes of recovery permitted by it.

AGRICULTURISTS' LOANS AND THE BOMBAY NON-AGRICULTURISTS' LOANS (AMENDMENT) ACT, 1949, (Maharashtra) Preamble

Title: THE AGRICULTURISTS' LOANS AND THE BOMBAY NON

State: Maharashtra

Year: 1949

THE AGRICULTURISTS' LOANS AND THE BOMBAY NON-AGRICULTURISTS' LOANS (AMENDMENT) ACT, 1949 [Act No. 6 of 1949]1 [11th April, 1949] PREAMBLE An Act to amend the Agriculturists' Loans Act, 1884, in its application to the Province of Bombay and the Bombay Non-Agriculturists' Loans Act, 1928. WHEREAS, it is expedient to amend the Agriculturists' Loans Act, 1884, in its application to the Province of Bombay and the Bombay Non-Agriculturists' Loans Act, 1928, for the purposes hereinafter appearing; It is hereby enacted as follows :-- _________________ 1. For Statement of Objects and Reasons, see Bombay Government Gazette, 1949, Part V, page 75.

Land Improvement Loans Act, 1883 Complete Act

Title: Land Improvement Loans Act, 1883

State: Central

Year: 1883

Preamble1 - LAND IMPROVEMENT LOANS ACT, 1883 Section1 - Short title Section2 - Acts 26 of 1871 and 21 of 1876 repealed Section3 - Collector defined Section4 - Purposes for which loans may be granted under this Act Section5 - Mode of dealing with applications for loans Section6 - Period for repayment of loans Section7 - Recovery of loans Section8 - Order granting loan conclusive on certain points Section9 - Liability of joint borrowers as among themselves Section10 - Power to make rules Section11 - Exemption of improvements from assessment to land-revenue Section12 - Certain powers of State Government to be exercisable by Board of Revenue or Financial Commissioner

Land Improvement Loans Act, 1883 Section 6

Title: Period for Repayment of Loans

State: Central

Year: 1883

(1) Every loan granted under this Act shall be made repayable by installments (in the form of an annuity or otherwise), within such period from the date of the actual advance of the loan, or when the loan is advanced in installments, [Substituted by Act 18 of 1899, section 2, for "from the date of the actual advance of the last instalment".] [from the date of the advance of the last installment actually paid] as may, from time to time, be fixed by the rules made under this Act. (2) The period fixed as aforesaid shall not ordinarily exceed thirty-five years. (3) The State Government [The words "and G.G.in C." repealed by Act 8 of 1906, section 3.] in making [The words "and sanctioning" repealed by section 3, ibid.] the rules fixing the period, shall, in considering whether the period should extent to thirty-five years, or whether it should extend beyond thirty-five years, have regard to the durability of the work for the purpose of which the loan is granted, and to the expediency of the cost of the work being paid by the generation of persons who will immediately benefit by the work.

Land Improvement Loans Act, 1883 Preamble 1

Title: Land Improvement Loans Act, 1883

State: Central

Year: 1883

THE LAND IMPROVEMENT LOANS ACT, 1883 [Act, No. 19 of 1883] [AS ON 1955] [12th October, 1883] PREAMBLE An Act to consolidate and amend the law relating to loans of money by the Government for agricultural improvements. WHEREAS it is expedient to consolidate and amend the law relating to loans of money by the Government for agricultural improvements; It is hereby enacted as follows:--

AGRICULTURISTS' LOANS ACT, 1884 Section 5

Title: Recovery of loans

State: Central

Year: 1884

Every loan made in accordance with such rules, all interest (If any) chargeable thereon, and costs (if any) incurred in making or recovering the same, shall, when they become due, be recoverable from the person to whom the loan and made, or from any person who has become surety for the repayment thereof, as if they were arrears of land-revenue or costs incurred in recovering the same due by the person to whom the loan was made or by his surety.