Bare Act Search Results

Foreign Exchange Management Act, 1999 Section 6

Title: Capital Account Transactions

State: Central

Year: 1999

.....transaction. (2) The Reserve Bank may, in consultation with the Central Government, specify - (a) any class or classes of capital account transactions which are permissible; (b) the limit up to which foreign exchange shall be admissible for such transactions: Provided that the Reserve Bank shall not impose any restriction on the drawal of foreign exchange for payments due on account of amortization of loans or for depreciation of direct investments in the ordinary course of business. (3) Without prejudice to the generality of the provisions of sub-section (2), the Reserve Bank may, by regulations prohibit, restrict or regulate the following: - (a) transfer or issue of any foreign security by a person resident in India; (b) transfer or issue of any security by a person resident outside India; (c) transfer or issue of any security or foreign security by any branch, office or agency in India of a person resident outside India; (d) any borrowing or lending in foreign exchange in whatever form or by whatever name called; (e) any borrowing or lending in rupees in whatever form or by whatever name called between a person resident in India and a person resident.....

Foreign Exchange Management Act, 1999 Section 5

Title: Current Account Transactions

State: Central

Year: 1999

Any person may sell or draw foreign exchange to or from an authorised person if such sale or drawal is a current account transaction: Provided that the Central Government may, in public interest and in consultation with the Reserve Bank, impose such reasonable restrictions for current account transactions as may be prescribed.

Foreign Exchange Management Act, 1999 Complete Act

State: Central

Year: 1999

.....(1) of section 10- to deal in foreign exchange or foreign securities; (d) "Bench" means a Bench of the Appellate Tribunal; (e) "capital account transaction" means a transaction which alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India or assets or liabilities in India of persons resident outside India, and includes transactions referred to in sub-section (3) of section 6- ; (f) "Chairperson" means the Chairperson of the Appellate Tribunal; (g) "chartered accountant" shall have the meaning assigned to it in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949)- ; (h) "currency" includes all currency notes, postal notes, postal orders, money orders, cheques, drafts, travellers cheques, letters of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank; (i) "currency notes" means and includes cash in the form of coins and bank notes; (j) "current account transaction" means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction.....

Insurance Regulatory and Development Authority Act, 1999 Complete Act

State: Central

Year: 1999

.....thereto and further to amend the Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and the General Insurance Business (Nationalisation) Act, 1972. Be it enacted by Parliament in the Fiftieth Year of the Republic of India as follows: STATEMENT OF OBJECTS AND REASONS 1. The insurance industry requires a high degree of regulation. The Insurance Act, 1938 provides for the institution of the Controller of Insurance to act as a strong and powerful supervisory and regulatory authority with powers to direct, advise, caution, prohibit, investigate, inspect, prosecute, search, seize, fine, amalgamate, authorise, register and liquidate insurance companies. However, after the nationalisation of the life insurance industry in 1956 and the general insurance industry in 1972, the role of the Controller of Insurance diminished in significance over a period of time. 2. In April, 1993, the Government set up a high-powered Committee headed by Shri R.N. Malhotra, former Governor, Reserve Bank of India, to examine the structure of the insurance industry and recommend changes to make it more efficient and competitive keeping in view the structural changes in other parts of the financial.....

The Rajasthan Power Sector Reforms Act, 1999 Complete Act

State: Rajasthan

Year: 1999

THE RAJASTHAN POWER SECTOR REFORMS ACT, 1999 THE RAJASTHAN POWER SECTOR REFORMS ACT, 1999 (Act No. 23 of 1999) [Received the assent of the President of India on the 28th day of December, 1999] Preliminary Short title, extent and commencement.- This Act may be called the Rajasthan Power Sector Reforms Act, 1999. It shall extend to the whole of the State of Rajasthan. It shall come into force on such date as the State Government may, by notification, ppoint. Definitions.- In this Act, unless the context otherwise requires, - "Area of supply" means the area within which a supply licensee or any other person is for the time being athorized to distribute and supply energy "Area of transmission" means the area within which a holder of a transmission licence or any other person is for the time being authorized to transmit energy "Board" means the Rajasthan State Electricity Board constituted under section 5 of the Electricity(Supply) Act,1948(Central Act 54 of 1948) "Central Act" means the Electricity Regulatory Commission Act, 1998 (Central Act No. 14 of 1998) "Central Commission" means the Central Electricity Regulatory Commission, established under.....

Foreign Exchange Management Act, 1999 Chapter 2

Title: Regulation and Management of Foreign Exchange

State: Central

Year: 1999

.....Central Government may, in public interest and in consultation with the Reserve Bank, impose such reasonable restrictions for current account transactions as may be prescribed. Section 6 - Capital account transactions (1) Subject to the provisions of sub-section (2),any person may sell or draw foreign exchange to or from an authorised person for acapital account transaction. (2) The Reserve Bank may, in consultation with the Central Government, specify - (a) any class or classes of capital account transactions which are permissible; (b) the limit up to which foreign exchange shall be admissible for such transactions: Provided that the Reserve Bank shall not impose any restriction on the drawal of foreign exchange for payments due on account of amortization of loans or for depreciation of direct investments in the ordinary course of business. (3) Without prejudice to the generality of the provisions of sub-section (2), the Reserve Bank may, by regulations prohibit, restrict or regulate the following: - (a) transfer or issue of any foreign security by a person resident in India; (b) transfer or issue of any security by a person resident outside India; (c).....

Foreign Exchange Management Act, 1999 Chapter 1

Title: Preliminary

State: Central

Year: 1999

.....sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949); (h) "currency" includes all currency notes, postal notes, postal orders, money orders, cheques, drafts, travellers cheques, letter of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank; (i) "currency notes" means and includes cash in the form of coins and bank notes; (j) "current account transaction" means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction includes, - (i) payments due in connection with foreign trade, other current business, services, and short-term banking and credit facilities in the ordinary course of business, (ii) payments due as interest on loans and as net income from investments, (iii) remittances for living expenses of parents, spouse and children residing abroad, and (iv) expenses in connection with foreign travel, education and medical care of parents, spouse and children; (k) "Director of Enforcement" means the Director of Enforcement appointed under sub-section (1) of section 36; (l) "export",.....

Foreign Exchange Management Act, 1999 Section 2

Title: Definitions

State: Central

Year: 1999

.....sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949); (h) "currency" includes all currency notes, postal notes, postal orders, money orders, cheques, drafts, travellers cheques, letter of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank; (i) "currency notes" means and includes cash in the form of coins and bank notes; (j) "current account transaction" means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction includes, - (i) payments due in connection with foreign trade, other current business, services, and short-term banking and credit facilities in the ordinary course of business, (ii) payments due as interest on loans and as net income from investments, (iii) remittances for living expenses of parents, spouse and children residing abroad, and (iv) expenses in connection with foreign travel, education and medical care of parents, spouse and children; (k) "Director of Enforcement" means the Director of Enforcement appointed under sub-section (1) of section 36; (l) "export",.....

National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retradation and Multiple Disabilities Act, 1999 Complete Act

State: Central

Year: 1999

.....other officers and employees of the Trust shall be such as may be determined by regulations. SECTION 09: VACANCIES IN BOARD NOT TO INVALIDATE ACTS, ETC -No act or proceeding of the Board shall be called in question on the grounds merely of the existence of any vacancy in, or any defect in the constitution of, the Board. SECTION 10: OBJECTS OF TRUST -The objects of the Trust shall be- (a) to enable and empower persons with disability to live as independently and as fully as possible within and as close to the community to which they belong; (b) to strengthen facilities to provide support to persons with disability to live within their own families; (c) to extend support to registered organisations to provide need based services during the period of crisis in the family of persons with disability; (d) to deal with problems of persons with disability who do not have family support: (e) to promote measures for the care and protection of persons with disability in the event of death of their parent or guardian; (f) to evolve procedure for the appointment of guardians and trustees for persons with disability requiring such protection; (g) to facilitate the realisation of equal.....

The Utkal University of Culture Act, 1999 Complete Act

State: Orissa

Year: 1999

THE UTKAL UNIVERSITY OF CULTURE ACT, 1999 THE UTKAL UNIVERSITY OF CULTURE ACT, 1999 Orissa Act 9 of 1999 [Received the assent of the Governor on the 10th August, 1999, first published in an extraordinary issue of the Orissa Gazette, dated the 12th August, 1999] An act to provide for the establishment and incorporation of a university of culture in the state of Orissa and for matters connected therewith and incidental thereto Be it enacted by the Legislature of the State of Orissa in the Fiftieth Year of the Republic of India as follows:" CHAPTER I Preliminary 1. Short title, extent and commencement. (1) This Act may be called the Utkal University of Culture Act. 1999. (2) It extends to the whole of the State of Orissa. (3) It shall be deemed to have come into force on the 9th day of June, 1999 2. Definitions. In this Act, unless the context otherwise requires " (a) "Academic Council" means the Academic Council of the University; (b) "Affiliated Institution" means a Collage or an Institution affiliated to the University and includes a college or an institution deemed to be an affiliated college or institution under this Act; (c) "Board".....