Bare Act Search Results

Provincial Insolvency Act, 1920 Part III

Title: Administration of Property

State: Central

Year: 1920

.....annum computed from the declaration of a dividend to the time when the debt would have become payable, according to the terms on which it was contracted. Section 46 - Mutual dealings and setoff Where there have been mutual dealings between an insolvent and a creditor proving or claiming to prove a debt under this Act, an account shall be taken of what is due from the one party to the other in respect of such mutual dealings, and the sum due from the one party shall be set off against any sum due from the other party, and the balance of the account, and no more, shall be claimed or paid on either side respectively. Section 47 - Secured creditors (1) Where a secured creditor realises his security, he may prove for the balance due to him, after deducting the net amount realised. (2) Where a secured creditor relinquishes his security for the general benefit of the creditors, he may prove for his whole debt. (3) Where a secured creditor does not either realise or relinquish his security, he shall, before being entitled to have his debt entered in the schedule, state in his proof the particulars of his security, and the value at which he assesses it, and shall be entitled.....

Bengal Agricultural Debtors Act, 1936 Complete Act

State: West Bengal

Year: 1936

.....of Schedule I to the Bengal Public Demands Recovery Act, 1913, or any sum 1010. Words subst. by the Adaptation of Laws Order. 1950. [any provincial Act or Act of the State Legislature], for the time being in force, relating to co-operative societies to be recovered as a contribution to the assets of a co-operative society or as the cost of liquidation thereof; (v) any amount a suit or application for the recovery of which is barred 1111. Subst. by Ben Act 8 of 1940 [by limitation, or which is otherwise irrecoverable under the law;] (vi) any debt due to any bank included in the Second Schedule to the Reserve Bank of India Act, 1934; (vii) any tax or rate due to a Municipality or Union Board or Union Committee; (9) "debtor" means a debtor whose primary means of livelihood is agriculture and who (a) is a raiyat or an under-raiyat, or (b) cultivates land himself or by members of his family or by hired labourers or by adhiars, bargadars or bhagdars; and includes a group of persons who join in making an application under the provisions of sub-section (1) of section 9 1212. Inst. by Ben. Act 2 of 1942. [and any person who, by virtue of provisions of sub-section (7) of section 37A.....

The Bombay Public Trusts Act, 1950 Complete Act

State: Maharashtra

Year: 1950

THE BOMBAY PUBLIC TRUSTS ACT, 1950 THE BOMBAY PUBLIC TRUSTS ACT, 1950 An Act to regulate and to make better provision for the administration of public religious and charitable trusts in the State of Bombay. WHEREAS it is expedient to regulate and to make better provision for the administration of public religious and charitable trusts in the State of Bombay; It is hereby enacted as follows; CHAPTER I-PRELIMINARY SECTION 01: SHORT TITLE, EXTENT, OPERATION AND APPLICATION . (I) This Act may be called the Bombay public Trusts Act, 1950. '[(2) It shall extends to the whole of the 2[State of Maharashtra]. (3) This Act shall come into force at once; but the provisions thereof shall apply to a public trust or any class of public trusts on the date specified in the notification under sub-section (4) The State Government may, by notification in the Official Gazette, specify the date on which the provisions of this Act shall apply to any public trust or any 3[class of public trusts; and different dates may be specified for such trusts in different areas] : Provided that the State Government may also by a like notification direct that from the date specified therein any public.....

Maharashtra Cooperative Societies Act, 1960 Complete Act

State: Maharashtra

Year: 1960

.....rights, assets, or liabilities in relation to all or any of the banks concerned. (4) Notwithstanding anything contained in the Transfer of Property Act, 1882 or the Registration Act, 1908, the order issued under sub-section (1) shall be sufficient conveyance for transfer or vesting the rights, assets and liabilities of the banks concerned as provided in the order. (5) The amalgamation of banks under this section shall not affect any rights or obligations of the banks so amalgamated or render defective any legal proceedings which might have been continued or commenced by or against any such banks ; and accordingly, such legal proceedings may be continued or commenced by or against the amalgamated bank. (6) Where two or more banks have been amalgamated, the registration of the bank in which the other banks are amalgamated may be continued and the registration of the other banks may be cancelled, or where the amalgamated bank is newly registered, the registration of all the amalgamating banks shall be cancelled. (7) Any order made by the Registrar under this section shall be final and conclusive, and shall not be called in question in any Court.] Section18B Amalgamation of.....

Presidency-towns Insolvency Act, 1909 Section 57

Title: Protection of Bona Fide Transactions

State: Central

Year: 1909

Subject to the foregoing provisions with respect to the effect of insolvency on an execution and with respect to the avoidance of certain transfers and preferences, nothing in this Act shall invalidate in the case of an insolvency (a) any payment by the insolvent to any of his creditors; (b) any payment or delivery to the insolvent; (c) any transfer by the insolvent for valuable consideration; or (d) any contract or dealing by or with the insolvent for valuable consideration: Provided that any such transaction takes place before the date of the order of adjudication and that the person with whom such transaction takes place has not at the time notice of the presentation of any insolvency petition by or against the debtor.

Provincial Insolvency Act, 1920 Section 55

Title: Protection of Bona Fide Transactions

State: Central

Year: 1920

Subject to the foregoing provisions of this Act with respect to the effect of insolvency on an execution, and with respect to the avoidance of certain transfers and preferences, nothing in this Act shall invalidate in the case of an insolvency (a) any payment by the insolvent to any of his creditors; (b) any payment or delivery to the insolvent; (c) any transfer by the insolvent for valuable consideration; or (d) any contract or dealing by or with the insolvent for valuable consideration: Provided that any such transaction takes place before the date of the order of adjudication, and that the person with whom such transaction takes place has not at the time notice of the presentation of any insolvency petition by or against the debtor.

Warehousing (Development and Regulation) Act 2007 Section 15

Title: Warranties on Negotiation of Warehouse Receipt

State: Central

Year: 2007

A person who, for valuable consideration, negotiates a negotiable warehouse receipt by endorsement and delivery, including one who assigns for valuable consideration, a claim secured by a receipt, unless a contrary intention appears, warrants the following:-- (a) that the receipt is genuine; (b) that the person has a legal right to negotiate or transfer it; (c) that the person has no knowledge of any fact that would impair the validity of the receipt; (d) that the person has a right to transfer the title to the goods; and (e) that the goods are merchantable or fit for a particular purpose when those warranties would have been implied, if the contract of the parties had been to transfer without a receipt the goods represented by it.

Orissa Municipal Act, 1950 Complete Act

State: Orissa

Year: 1950

ORISSA MUNICIPAL ACT, 1950 *ORISSA MUNICIPAL ACT, 1950 [Act 23 of 1950] [11th November 1950] PREAMBLE An Act to consolidate and amend the Law relating to Municipalities in the State of Orissa. Whereas it is expedient to consolidate and amend the law relating to Municipalities in the State of Orissa: It is hereby enacted as follows : _____________________ * Published vide Orissa Gazette Ext. 11.11.1950 Orissa Act No. 23 of 1950. For Statement of objects. Reasons see Orissa Gazette, Ext./25.3.50 and for report of Select Committee, see Orissa Gazette Ext./29.7.50. It came into force on the following areas on the 16th April, 1951 vide Notification No. 3000-L.S.G. 16.4.1951. published in the Orissa Gazette Ext. of the even date. Areas- Cuttack, Jajpur, Bhawanipatna, Purl, Berhampur, Balasore, Paralakhemundi, Dhenkanal, Sambalpur, Barlpada, Keonjhar, Kendrapara, Bolangir, Deogarh, Sonepur and Sundergarh. It came into force in Bargarh and Jeypore. on the 28th August, 1951 vide notification No. 5117-L.S.G., dated 28th August, 1951, published in the Orissa Gazettee Pt.III. 1094. --------------------- Chapter I - PRELIMINARY *ORISSA MUNICIPAL ACT,.....

Presidency-towns Insolvency Act, 1909 Section 55

Title: Avoidance of Voluntary Transfer

State: Central

Year: 1909

Any transfer of property, not being a transfer made before any and in consideration of marriage, or made in favour of a purchaser or incumbrancer in good faith and for valuable consideration, shall, if the transferor is adjudged insolvent within two years after the date of the transfer, be void against the official assignee.

The Assam Value Added Tax Act, 2003 Complete Act

State: Assam

Year: 2003

.....for carrying out the purposes of the Act; (11) "company" and "director" shall have the meanings respectively assigned to them in the Companies Act. 1956; (Central Act 1 of 1958) (12) "contractee" means any person for whom or for whose benefit a works contract is executed; (13) "contractor" means any person who executes a works contract and includes a sub-contractor; (14) "to cultivate personally" with all its grammatical variations and cognate expressions means to carry on any agricultural operation on one's own account,- (i) by one's own labour, or (ii) by the labour of one's family, or (iii) by servants on wages payable in cash or kind (but not in crop share), or by hired labour under one's personal supervision or the personal supervision of any member of one's family. Explanation I.- A widow or a minor, or a person who is subject to any physical or mental disability or is a serving member of the armed forces of the Union, shall be deemed to cultivate land personally if it is cultivated by her or his servants or by hired labour. Explanation II.- In the case of a Hindu Undivided Family, land shall be deemed to be cultivated personally, if it is cultivated by.....