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Start Free TrialUnit Trust of India (Transfer of Undertaking and Repeal) Act,2002 Complete Act
Title: Unit Trust of India (Transfer of Undertaking and Repeal) Act,2002
State: Central
Year: 2002
..... Chapter 5 Section12 - Concession, etc. to be deemed to have been granted to specified undertaking Section13 - Tax exemption or benefit to continue to have effect Section14 - Exemption from stamp duty Section15 - Guarantee to be operative Section16 - Protection of action taken in good faith Section17 - Shares, bonds, debentures and units to be deemed to be approved securities Section18 - Substitution in every Act, rule, regulation or notification by specified company or Administrator in place of Trust Section19 - Power of Central Government to alter Schedules. I and II Section20 - Power of Central Government to make scheme Section21 - Repeal and saving of Act 52 of 1963 Section22 - Act to have overriding effect Section23 - Application of other laws not barred Section24 - Power to remove difficulties Section25 - Repeal and saving Schedule1 - SCHEDULE I Schedule2 - SCHEDULE II
List Judgments citing this sectionOffshore Areas Mineral (Development and Regulation) Act, 2002 Chapter II
Title: General Provisions for Acquition of Operating Rights in the Offshore Areas
State: Central
Year: 2002
.....anything contained in this Act, the Central Government may-- (a) authorise seaward artillery practice under the Seaward Artillery Practice Act, 1949 (8 of 1949); (b) provide for, by notification in the Official Gazette, special measures to ensure public safety and interest, the defence of India and civil defence, conduct of the naval operations and exercises, national security and other strategic considerations and the matters connected therewith during war like conditions or otherwise. (4) No operating right shall be granted or renewed otherwise than in accordance with the provisions of this Act and the rules made thereunder and any reconnaissance permit, exploration licence or production lease granted, renewed or acquired in contravention of the provisions of this Act or any rules made thereunder, shall be void. Section 6 - Grant of operating right The Central Government shall not grant an operating right to any person unless such person-- (a) is an Indian national, or a company as defined in section 3 of the Companies Act, 1956 (1 of 1956); and (b) satisfies such conditions as may be prescribed: Provided that no production lease for atomic.....
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Chapter VII
Title: Properties and Funds of Multi-state Co-operative Societies
State: Central
Year: 2002
.....Act, 1970(5 of 1970) or a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980(40 of 1980). Section 65 - Restriction on contribution No multi-State co-operative society shall make a contribution, either in money or in kind, whether directly or indirectly, to an institution which has an object of furtherance of the interest of a political party. Section 66 - Restriction on loans (1) A multi-State co-operative society, other than a co-operative bank, shall not make a loan to a member on the security of his share or on the security of a non-member. (2) Notwithstanding anything contained in sub-section (1), a multi-State co-operative society may make a loan to a depositor on the security of his deposit. Section 67 - Restrictions on borrowing (1) A multi-State co-operative society may receive deposits, raise loans and receive grams from external sources to such extent and under such conditions as may be specified in the bye-laws: Provided that the total amount of deposits and loans received during any financial year shall not exceed ten times of the sum of subscribed share capital and.....
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Section 63
Title: Disposal of Net Profits
State: Central
Year: 2002
.....to such conditions as may be prescribed, the balance of the net profits may be utilised for all or any of the following purposes, namely:-- (a) payment of dividend to the members on their paid-up share capital at a rate not exceeding the prescribed limit; (b) constitution of, or contribution to, such special funds including education funds, as may be specified in the bye-laws; (c) donation of amounts not exceeding five per cent. of the net profits for any purpose connected with the development of co-operative movement or charitable purpose as defined in section 2 of the Charitable Endowments Act, 1890(6 of 1890); (d) payment of ex gratia amount to employees of the multi-State co-operative society to the extent and in the manner specified in the bye-laws.
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Section 64
Title: Investment of Funds
State: Central
Year: 2002
.....multi-State co-operative society or any co-operative society; or (d) in the shares, securities or assets of a subsidiary institution or any other institution; or (e) with any other bank; or (f) in such other mode as may be provided in the bye-laws. Explanation. ---For the purposes of clause (e), "bank" means any banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949(10 of 1949), and includes-- (i) the State Bank of India constituted under the State Bank of India Act, 1955(23 of 1955); (ii) a subsidiary bank as defined in clause (k) of section 2 of the State Bank of India (Subsidiary Banks) Act, 1959(38 of 1959); (iii) a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970(5 of 1970) or a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980(40 of 1980).
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Chapter XIII
Title: Societies Which Become Multi-state Co-operative Societies Consequent on Reorganisation of States
State: Central
Year: 2002
.....final and shall be binding on all the societies affected by the scheme as well as the shareholders and creditors of all such societies. Explanation.-- For the purposes of this sub-section, "appropriate High Court" means the High Court within the local limits of whose jurisdiction the principal place of business of the multi-State co-operative society is situated. (5) Notwithstanding anything contained in this section, where a scheme under sub-section (2) includes any proposal regarding the transfer of the assets and liabilities of any multi-State co-operative society referred to in clause (b) thereof, the scheme shall not be binding on such multi-State co-operative society or the shareholders and creditors thereof, unless the proposal regarding such transfer is accepted by that multi-State co-operative society by a resolution passed by a majority of the members present at a meeting of its general body.
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Section 103
Title: Co-operative Societies Functioning Immediately Before Reorganization of States
State: Central
Year: 2002
.....final and shall be binding on all the societies affected by the scheme as well as the shareholders and creditors of all such societies. Explanation.-- For the purposes of this sub-section, "appropriate High Court" means the High Court within the local limits of whose jurisdiction the principal place of business of the multi-State co-operative society is situated. (5) Notwithstanding anything contained in this section, where a scheme under sub-section (2) includes any proposal regarding the transfer of the assets and liabilities of any multi-State co-operative society referred to in clause (b) thereof, the scheme shall not be binding on such multi-State co-operative society or the shareholders and creditors thereof, unless the proposal regarding such transfer is accepted by that multi-State co-operative society by a resolution passed by a majority of the members present at a meeting of its general body.
View Complete Act List Judgments citing this sectionControl of National Highways (Land and Traffic) Act, 2002 Chapter 1
Title: Preliminary
State: Central
Year: 2002
.....the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act. Section 2 - Definitions In this Act, unless the context otherwise requires,-- (a) "appointed day", in relation to a Tribunal, means the date on which such Tribunal is established under sub-section (1) of section 5; (b) "building" means any work of construction done in any manner by use of any material and includes a farm building for agricultural purposes, plinth, doorstep, wall, drain, advertisement board and other things fixed with such building; (c) "construct" with its grammatical variations, in relation to a building, means to construct, reconstruct, erect, re-erect, extend or alter structurally a building; (d) "cost of land" means the market value of the land as determined by the competent authority of the State Government or the Government of the Union territory appointed for such determination, as the case may be; (e) "Highway" means a National Highway declared as such under section 2 of the National Highways Act, 1956 (48 of 1956) and includes any Expressway or Express Highway vested in the Central.....
View Complete Act List Judgments citing this sectionControl of National Highways (Land and Traffic) Act, 2002 Section 2
Title: Definitions
State: Central
Year: 2002
.....the context otherwise requires,-- (a) "appointed day", in relation to a Tribunal, means the date on which such Tribunal is established under sub-section (1) of section 5; (b) "building" means any work of construction done in any manner by use of any material and includes a farm building for agricultural purposes, plinth, doorstep, wall, drain, advertisement board and other things fixed with such building; (c) "construct" with its grammatical variations, in relation to a building, means to construct, reconstruct, erect, re-erect, extend or alter structurally a building; (d) "cost of land" means the market value of the land as determined by the competent authority of the State Government or the Government of the Union territory appointed for such determination, as the case may be; (e) "Highway" means a National Highway declared as such under section 2 of the National Highways Act, 1956 (48 of 1956) and includes any Expressway or Express Highway vested in the Central Government, whether surfaced or unsurfaced, and also includes-- (i) all lands appurtenant to the Highway, whether demarcated or not, acquired for the purpose of the Highway or transferred for such purpose.....
View Complete Act List Judgments citing this sectionControl of National Highways (Land and Traffic) Act, 2002 Chapter 2
Title: Establishment of Highway Administrations and Tribunals, Etc.
State: Central
Year: 2002
.....authority, except the Tribunal shall have, or be entitled to exercise, any jurisdiction, powers or authority in relation to the matters specified in section 14. Section 16 - Procedure and powers of Tribunal (1) The Tribunal shall not be bound by the procedure laid down by the Code of Civil Procedure, 1908 (5 of 1908), but shall be guided by the principles of natural justice and, subject to the other provisions of this Act and of any rules, the Tribunal shall have powers to regulate its own procedure including the places at which it shall have its sittings. (2) The appeal filed before the Tribunal under section 14 shall be dealt with by it as expeditiously as possible and endeavour shall be made by it to dispose of the appeal finally within four months from the date of the receipt of the appeal. (3) The Tribunal shall have, for the purposes of discharging its functions under this Act, the same powers as are vested in a civil court under the Code of Civil Procedure, 1908 (5 of 1908) while trying a suit, in respect of the following matters, namely:-- (a) summoning and enforcing the attendance of any person and examining him on oath; (b) requiring the discovery and.....
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