Bare Act Search Results

Factoring Regulation Act, 2011, (Central) Section 19

Title: Registration of Certain Assignments of Receivables Transactions

State: Central

Year: 2011

.....or the period to which they relate or by any other general description by which such receivables can be identified. (2) For the purposes of this Act, a record called the Central Register shall be kept at the head office of the Central Registry for entering the particulars of the transactions relating to assignment of receivables in favour of a factor. (3) On realisation of the assigned receivables or settlement of the claim against the debtors, the factor shall file satisfaction of the assignment of receivables in its favour, in such manner and subject to payment of such fees as may be prescribed in this behalf. (4) The provisions for registration of transactions contained in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002) and the rules made there under shall, mutatis mutandis, apply to the record of assignment of receivables in favour of a factor in the Central Register with the Central Registry.

The Uttarakhand Agricultural Produce Marketing (Development and Regulation) Act, 2011 Complete Act

State: Uttarakhand

Year: 2011

.....Warehousing Corporation" means the Central Warehousing Corporation, established or deemed to be established under the Warehousing Corporation Act, 1962 (Act No. 58, 1962); (ix) "Chief Executive Officer" means a person, appointed as such under sub-section (2) of section 36 of the Act, by Agriculture Produce Marketing Committee. (x) "Collector" means the Collector of the District, where the Principal Market Yard of the Market Area is located, and includes such other officer, as may be authorized by him in that behalf; (xi) "Commissioner" means, the Commissioner of such administrative division of the State, where the Principal Market Yard of the Market Area is located;. (xii) "Commission Agent, dalal or arhatiya" means a person, who, in the ordinary course of business, negotiates or arrange contracts for the purchase or sale of the agricultural produce, on behalf of his principal, on payment of his commission or remuneration, whether in cash or kind, but it does not include the servant of such principal, whether engaged in negotiating or arranging such contracts; (xiii) "Committee " means the Agricultural Produce Marketing Committee, constituted under this Act; .....

The Jharkhand Municipal Act, 2011 Complete Act

State: Jharkhand

Year: 2011

.....or the Nagar Panchayat, the Executive Officer of the Municipal Council or the Nagar Panchayat; (47) "Factory" means a factory as defined in the Factories Act, 1948; (48) "Filth" means (a) night soil or other contents of latrines, cesspools and drains; (b) dirt, dung, refuse, useless or offensive materials thrown out in consequence of any process of manufacture, industry or trade; and (c) putrid or putrifying substance, (49) "Finance Commission" means the State Finance Commission constituted under Article 243-I of the Constitution of India and referred to in section 97 of this Act; (50) "Food" includes every article used for food or drink by man, other than drugs or water, and any article which ordinarily enters into, or is used in the composition or preparation of, human food, and also includes confectionery, flavouring and colouring matters, spices and condiments; (51) "Footpath" means a pavement, for use by pedestrians; (52) "Goods" include animals; (53) "Government" means the State Government of Jharkhand; (54) "Holding" means land held under one title or agreement and surrounded by one set of boundaries: Provided that, where two or more adjoining holdings held by the same.....

Finance Act, 2011, (Central) Section 15

Title: Insertion of New Section 94a

State: Central

Year: 2011

.....person is not the beneficial owner of the said sum) or the explanation offered by the assessee, in the opinion of the assessing officer, is not satisfactory, then, such sum shall be deemed to be the income of the assessee for that previous year. (5) Notwithstanding anything contained in any other provisions of this Act, where any person located in a notified jurisdictional area is entitled to receive any sum or income or amount on which tax is deductible under Chapter XVII-B, the tax shall be deducted at the highest of the following rates, namely:-- (a) at the rate or rates in force; (b) at the rate specified in the relevant provisions of this Act; (c) at the rate of thirty per cent. (6) In this section,-- (i) "person located in a notified jurisdictional area" shall include,-- (a) a person who is resident of the notified jurisdictional area; (b) a person, not being an individual, which is established in the notified jurisdictional area; or (c) a permanent establishment of a person not falling in sub-clause (a) or sub-clause (b), in the notified jurisdictional area; (ii) "permanent establishment" shall have the same meaning as defined in clause (iiia) of.....

Factoring Regulation Act, 2011, (Central) Section 2

Title: Definitions

State: Central

Year: 2011

.....in clause (f) of section 45-I of the Reserve Bank of India Act, 1934, (2 of 1934) which has been granted a certificate of registration under sub-section (1) of section 3 or anybody corporate established under an Act of Parliament or any State Legislature or any Bank or any company registered under the Companies Act, 1956 (1 of 1956) engaged in the factoring business; (j) "factoring business" means the business of acquisition of receivables of assignor by accepting assignment of such receivables or financing, whether by way of making loans or advances or otherwise against the security interest over any receivables but does not include-. (i) credit facilities provided by a bank in its ordinary course of business against security of receivables; (ii) any activity as commission agent or otherwise for sale of agricultural produce or goods of any kind what so ever or any activity relating to the production, storage, supply, distribution, acquisition or control of such produce or goods or provision of any services. Explanation. -For the purposes of this clause- (i) the expression "agricultural produce" shall have the meaning assigned to it under clause (a) of section 2 of.....

Factoring Regulation Act, 2011, (Central) Section 31

Title: Provisions of This Act Not to Apply or Affect in Certain Cases

State: Central

Year: 2011

.....are for the time being, by law or custom negotiable or any mercantile document of title to goods; (i) sale of goods or services for any personal, family or household use; (j) any assignment of loan receivables by a bank or non-banking financial company to another bank or non-banking financial company; (k) securitisation transactions (including assignment of receivables to special purpose vehicles or trusts that issue securities against such receivables, bought from a single debtor or single group of debtors). (2) Nothing contained in this Act shall affect the rights and obligations of a consumer, manufacturer, trader or service provided under the provisions of the Consumer Protection Act, 1986 (68 of 1986).

Finance Act, 2011, (Central) Section 14

Title: Amendment of Section 92ca

State: Central

Year: 2011

In section 92CA of the Income-tax Act, with effect from the 1st day of June, 2011,-- (i) after sub-section (2), the following sub-section shall be inserted, namely:-- "(2A) Where any other international transaction [other than an international transaction referred under sub-section (1)], comes to the notice of the Transfer Pricing Officer during the course of the proceedings before him, the provisions of this Chapter shall apply as if such other international transaction is an international transaction referred to him under sub-section (1)."; (ii) in sub-section (7), after the word and figures "section 133", the words, figures and letter "or section 133A" shall be inserted.

Factoring Regulation Act, 2011, (Central) Section 32

Title: Power of Central Government to Make Rules

State: Central

Year: 2011

(1) The Central Government may, in consultation with the Reserve Bank, by notification and in the Electronic Gazette as defined in clause (5) of sub-section (1) of section 2 of the Information Technology Act, 2000 (21 of 2000) make rules for carrying out the provisions of this Act. 2) In particular and without prejudice to the generality of the foregoing power such rules may provide for all or any of the following matters, namely: (a) the form and manner in which the transactions of assignment of receivables in favour of a factor shall be filed and the fee for filing such transaction under sub-section (l) of section 19; (b) the form and manner in which satisfaction of assignment of receivable or settlement of the claim shall be registered and the fee for filing such transactions under sub-section (3) of section 19; (c) fee for inspecting-the Central Register under section 20; and (d) any other matter which is required to be or may be prescribed, in respect of which provision is to be made or may be made by rules.

Finance Act, 2011, (Central) Section 65

Title: Substitution of New Section for Section 11ac

State: Central

Year: 2011

.....levied or paid or short-levied or short-paid or erroneously refunded, by reason of fraud or collusion or any wilful mis-statement or suppression of facts, or contravention of any of the provisions of this Act or of the rules made thereunder with intent to evade payment of duty, the person who is liable to pay duty as determined under subsection (10) of section 11A shall also be liable to pay a penalty equal to the duty so determined; (b) where details of any transaction available in the specified records, reveal that any duty of excise has not been levied or paid or short-levied or short-paid or erroneously refunded as referred to in sub-section (5) of section 11A, the person who is liable to pay duty as determined under subsection (10) of section 11A shall also be liable to pay a penalty equal to fifty per cent. of the duty so determined; (c) where any duty as determined under sub-section (10) of section 11A and the interest payable thereon under section 11AA in respect of transactions referred to in clause (b) is paid within thirty days of the date of communication of order of the Central Excise Officer who has determined such duty, the amount of penalty liable to be paid.....

The Uttarakhand Graphic Era Parvatiya University Act, 2011 Complete Act

State: Uttarakhand

Year: 2011

THE UTTARAKHAND GRAPHIC ERA PARVATIYA UNIVERSITY ACT, 2011 THE UTTARAKHAND GRAPHIC ERA PARVATIYA UNIVERSITY ACT, 2011 [Act No. 12 of 2011] PREAMBLE An Act to establish University known as the Uttarakhand Graphic Era Parvatiya University at Dehradun by Graphic Era Educational Society, Dehradun for facilitate the purpose of Technical, Medical, Management, Social Science, Diploma, Degree, P.hD, Education, Training and Research and provide for matters thereto. Be it enacted by Uttarakhand State Legislature in the Sixty-second year of the Republic of India as follows: Section 1 - Short title and Commencement (1) This Act may be called the Uttarakhand Graphic Era Parvatiya University Act, 2011. (2) It shall come into force on such date, as the State Government may, by notification in the Official Gazette, appoint. Section 2 - Definitions In this Act, unless the context otherwise required :- (a) "Academic Council" means the Academic Council of the University; (b) "Board of Management" means the management board of University; (c) "Career Academy Center" means such centre, which is established, conducted and recognized by University for the purposes of.....