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Start Free TrialDepositories Act, 1996 (22 of 1996) Chapter III
Title: Rights and Obligations of Depositories, Participants Issuers and Beneficial Owners
State: Central
Year: 1996
..... Section 11 - Register of beneficial owner Every depository shall maintain a register and an index of beneficial owners in the manner provided in section 150, section 151 and section 152 of the Companies Act, 1956 (1 of 1956). Section 12 - Pledge or hypothecation of securities held in a depository (1) Subject to such regulations and bye-laws, as may be made in this behalf, a beneficial owner may with the previous approval of the depository create a pledge or hypothecation in respect of a security owned by him through a depository. (2) Every beneficial owner shall give intimation of such pledge or hypothecation to the depository and such depository shall thereupon make entries in its records accordingly. (3) Any entry in the records of a depository under sub-section (2) shall be evidence of a pledge or hypothecation. Section 13 - Furnishing of information and records by depository and issuer (1) Every depository shall furnish to the issuer information about the transfer of securities in the name of beneficial owners at such intervals and in such manner as may be specified by the bye-laws. (2) Every issuer shall make available to the depository copies of the.....
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Section 22
Title: The Board of Trustees
State: Karnataka
Year: 1996
(1) There shall be a Board of Trustees for the administration and management of the Palace, consisting of the following:- (1) The Chief Secretary to Government of Karnataka Chairman (2) The Secretary to Government Revenue Department Member (3) The Secretary to Government Urban Development Department Member (4) The Secretary in charge of Finance Department Member (5) The Secretary to Government Department of Law Member (6) The Secretary to Government in charge of Forest Department Member (7) The Secretary to Government in charge of Horticulture Member (8) The Secretary to Government Information,Tourism & Youth services Member (9) The Director of Archeology Member (10) The Executive Officer Member- Secretary (2) The Board shall meet at such time, at such place and shall conduct its business in such manner as may be prescribed.
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Chapter 2
Title: Transfer and Vesting of the Bangalore Palace
State: Karnataka
Year: 1996
.....the Board. (2) For the removal of doubts, it is hereby declared that,- (a) save as otherwise expressly provided in this section or in any other section of this Act, no liability of legal representatives or heirs or others in relation to the Palace in respect of any period prior to the appointed day shall be enforceable against the State Government, or where the Palace is directed under section 7 to vest in the Board against the Board; (b) no award , decree or other order of any court, tribunal or other authority in relation to the Palace passed after the appointed day in respect of any matter, claim, or dispute in relation to any matter which arose before that day, shall be enforceable against the State Government or where the Palace is directed under section 7 to vest in the Board, against the Board; (c) no liability incurred by the legal representatives or heirs or other persons before the appointed day, for the contravention of any provision of any law for the time being in force shall be enforceable against the State Government or where the Palace is directed under section 7 to vest in the Board, against the Board. Section 7 - State Government to direct vesting of.....
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Section 5
Title: General Effect of Vesting
State: Karnataka
Year: 1996
.....shall have the right to prefer his claim in the prescribed manner before the Commissioner for payment of amount out of the amount specified in section 8 and also out of the amount determined under section 9. (4) Every mortgagee of any property which has vested under this Act in the State Government and every person holding any charge, lease, lien or other interest in, or in relation to, any such property shall give, within such time and in such manner as may be prescribed, an intimation to the Commissioner of such mortgage, lease, lien or other interest. (5) For the removal of doubts, it is hereby declared that the mortgagee of any property referred to in sub-section (4) or other person holding any charge, lease, lien or other interest in or in relation, to any such property shall be entitled to claim in accordance with his rights or interest, payment of the mortgage money or other dues in whole or in part out of the amount specified in section 8 and also out of the amount determined under section 9, but no such mortgage, charge, lien or other interest shall be enforceable against any property which has vested in the State Government. (6) If, as on the appointed day,.....
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Section 6
Title: Legal Representative or Heir or Interested Person to Be Liable for Certain Prior Liabilities
State: Karnataka
Year: 1996
.....in the Board, against the Board. (2) For the removal of doubts, it is hereby declared that,- (a) save as otherwise expressly provided in this section or in any other section of this Act, no liability of legal representatives or heirs or others in relation to the Palace in respect of any period prior to the appointed day shall be enforceable against the State Government, or where the Palace is directed under section 7 to vest in the Board against the Board; (b) no award , decree or other order of any court, tribunal or other authority in relation to the Palace passed after the appointed day in respect of any matter, claim, or dispute in relation to any matter which arose before that day, shall be enforceable against the State Government or where the Palace is directed under section 7 to vest in the Board, against the Board; (c) no liability incurred by the legal representatives or heirs or other persons before the appointed day, for the contravention of any provision of any law for the time being in force shall be enforceable against the State Government or where the Palace is directed under section 7 to vest in the Board, against the Board.
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Chapter 4
Title: Commissioner of Payments
State: Karnataka
Year: 1996
.....for the examination of witnessess. (6) Any investigation before the Commissioner shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228 of the Penal Code 1860 and the Commissioner shall be deemed to be a civil court for the purposes of section 195 and Chapter XXVI of the Code of Criminal Procedure, 1973. (7) A claimant, who is aggrieved by the decision of the Commissioner, may prefer an appeal against the decision to the City civil court, Bangalore within the local limits of whose jurisdiction the Palace is situated. Section 20 - Disbursement of the amount by the Commissioner to the claimants After admitting a claim under this Act the amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom such amount is due and on such payment the liability in relation to the Palace in respect of such claims shall stand discharged. Section 21 - Undisbursed or unclaimed amount to be deposited to the General Revenue Account Any amount paid to the Commissioner which remains undisbursed or unclaimed on the date immediately preceeding the date on which the office of the Commissioner is finally wound up, shall.....
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Section 19
Title: Admission or Rejection of Claims
State: Karnataka
Year: 1996
.....of Civil Procedure, 1908 while trying a suit, in respect of the following matters, namely:- (a) summoning and enforcing the attendance of any witness and examining him on oath; (b) the discovery and production of any document; (c) the receiving of evidence by affidavit; (d) the issuing of any commission for the examination of witnessess. (6) Any investigation before the Commissioner shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228 of the Penal Code 1860 and the Commissioner shall be deemed to be a civil court for the purposes of section 195 and Chapter XXVI of the Code of Criminal Procedure, 1973. (7) A claimant, who is aggrieved by the decision of the Commissioner, may prefer an appeal against the decision to the City civil court, Bangalore within the local limits of whose jurisdiction the Palace is situated.
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Chapter 5
Title: Board of Trustees
State: Karnataka
Year: 1996
.....may, with the previous sanction of the State Government and subject to such conditions as may be prescribed, borrow any sum for the purposes of this Act. Section 29 - Utilisation of the Fund The Fund may be utilised for all or any of the following purposes, namely:- (i) maintenance, management and administration of the Palace; (ii) laying out and maintenance of public park; (iii) preservation of tree growth in the premises of the Palace; (iv) for development of Botanical Museum and Horticulture garden in the Palace premises; (v) for payment of salaries and allowances of the Executive Officer and other officers appointed under section 24; and (vi) for any other purposes as may be prescribed. Section 30 - Audit (1) The State Government shall appoint annually an Auditor to audit the accounts of the Board and fix the remuneration which shall be paid to such Auditor from the Board Fund. The Auditor shall send his report to the State Government. (2) The State Government shall send a copy of the audit report to the Board and it shall be the duty of the Board to remedy, within such time as may be specified by the State Government any defects or irregularities.....
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Section 27
Title: Fund
State: Karnataka
Year: 1996
(1) There shall be a fund called the Board Fund which shall be administered by the Board. (2) The following shall form part of or be paid into the Board fund, namely:- (i) the income from the Palace or proceeds or any property vested in the Board; (ii) all fees and charges paid to or levied by or on behalf of the Board under this Act; (iii) all grants, and contributions made by the State Government or any other authority; (iv) all contributions and donations made by any person; (v) sums raised by way of loan by the Board with the previous sanction of the State Government; and (vi) any other sums.
View Complete Act List Judgments citing this sectionBangalore Palace (Acquisition and Transfer) Act, 1996 Chapter 1
Title: Preliminary
State: Karnataka
Year: 1996
.....and "heirs" means the legal representatives and heirs respectively of the late Sri Jayachamarajendra Wadeyar, former Maharaja of Mysore; (6) "others", "other persons" and "other interested persons" include transferees from Late Jayachamarajendra Wadeyar or from his "legal representatives" and "heirs", in relation to the Bangalore Palace; (7) "Schedule" means the Schedule to this Act; (8) "year" means the year commencing on the first day of April. Section 3 - Declaration In pursuance of Article 31C of the Constitution of India, it is hereby declared that the provisions of this Act are enacted for giving effect to the policy of the State towards securing the principles specified in clause (b) of Article 39 of the Constitution.
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