Bare Act Search Results

Research and Development Cess Act, 1986 Section 5

Title: Venture Capital Fund (Omitted)

State: Central

Year: 1986

1[Omitted] _______________________ 1.Omitted by Reserach and Development Cess (Amendment) Act, 1995 for the following: "5. Venture Capital Fund (1) There shall be formed for the purposes of this Act a Fund to be called the Venture Capital Fund and such Fund shall form part of the Development Assistance Fund established by the Development Bank under section 14 of the Industrial Development Bank of India Act, 1964 (18 of 1964), and the provisions of Chapter V of that Act shall, save as otherwise expressly provided in this Act, apply to such Fund. (2) There shall be credited to the Fund- (a) all amounts paid under section 4; (b) any amount given as grants by the Central Government for the purposes of this Act; c) any amount given to the Fund from any other source: and (d) any income from investment of the amount in the Fund."

Research and Development Cess Act, 1986 Complete Act

State: Central

Year: 1986

.....after such hearing, the "[Board] is satisfied that the default was for any good and sufficient reason, no penalty shall be imposed under this sub-section. SECTION 10: POWER TO MAKE RULES (1) The Central Government may, by notification in the Official Gazette, make rules for carrying out the provisions of this Act. (2) In particular and without prejudice to the foregoing power, such rules may provide for the following matters, namely:- (a) the form in which and the period within which the information under section 8-may be furnished; (b) the manner in which the arrears of cess may be recovered under sub-section (1) of section 9-; (c) any other matter which is required to be, or may be, prescribed. (3) Every rule made under this section shall be laid, as soon as may be, after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the.....

Research and Development Cess Act, 1986 Section 2

Title: Definitions

State: Central

Year: 1986

.....from a place outside India; (e) "industrial concern" has the meaning assigned to it in clause (c) of section 2 of the Industrial Development Bank of India Act, 1964 (18 of 1964), and includes any other person in whose favour a foreign collaboration involving the import of technology is approved by the Central Government; (f) "prescribed" means prescribed by rules made under this Act; (g) "specified agency" means- (i) the Reserve Bank of India constituted under the Reserve Bank of India Act, 1934 (2 of 1955); or (ii) the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955); or (iii) such other bank or institution as may be specified in this behalf by the Central Government; (h) "technology" means any special or technical knowledge or any special service required for any purpose what so ever by an industrial concern under any foreign collaboration, and includes designs, drawings, publications and technical personal.

Research and Development Cess Act, 1986 Complete Act

Title: Research and Development Cess Act, 1986

State: Central

Year: 1986

Preamble1 - RESEARCH AND DEVELOPMENT CESS ACT, 1986 Section1 - Short title, extent and commencement Section2 - Definitions Section3 - Levy and collection of cess on payments made towards import of technology Section4 - Crediting proceeds of cess to Consolidated Fund of India Section5 - Venture Capital Fund (omitted) Section6 - Application of Fund (Omitted) Section7 - Power of Central Government to exempt Section8 - Power to call for information Section9 - Penalty for non-payment of cess Section10 - Power to make rules