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Start Free TrialArbitration and Conciliation Act, 1996 Chapter 6
Title: Making of Arbitral Award and Termination of Proceedings
State: Central
Year: 1996
.....tribunal shall decide in accordance with the terms of the contract and shall take into account the usages of the trade applicable to the transaction. Section 29 - Decision making by panel of arbitrators (1) Unless otherwise agreed by the parties, in arbitral proceedings with more than one arbitrator, any decision of the arbitral tribunal shall be made by a majority of all its members. (2) Notwithstanding sub -section (1), if authorised by the parties or all the members of the arbitral tribunal, questions of procedure may be decided by the presiding arbitrator. Section 30 - Settlement (1) It is not incompatible with an arbitration agreement for an arbitral tribunal to encourage settlement of the dispute and, with the agreement of the parties, the arbitral tribunal may use mediation, conciliation or other procedures at any time during the arbitral proceedings to encourage settlement. (2) If, during arbitral proceedings, the parties settle the dispute, the arbitral tribunal shall terminate the proceedings and, if requested by the parties and not objected to by the arbitral tribunal, record the settlement in the form of an arbitral award on agreed terms. (3).....
View Complete Act List Judgments citing this sectionDepositories Act, 1996 (22 of 1996) Chapter VI
Title: Miscellaneous
State: Central
Year: 1996
.....2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who has obtained a certificate of practice under sub-section (1) of section 6 of that Act; (d) "legal practitioner" means an advocate, vakil or an attorney of any High Court, and indudes a pleader in practice.] ________________________ 1. Insterted by Act 32 of 1999, section 15 (w.e.f. 16-12-1999). Section 23D - Limitation 1[23D. Limitation The provisions of the Limitation Act, 1963 (36 of 1963) shall, as far as may be, apply to an appeal made to a Securities Appellate Tribunal.] ________________________ 1. Insterted by Act 32 of 1999, section 15 (w.e.f. 16-12-1999). Section 23E - Civil court not to have jurisdiction 1[23E. Civil court not to have jurisdiction No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which a Securities Appellate Tribunal is empowered by or under this Act to determine and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any power conferred by or under this Act] ________________________ 1. Insterted by Act 32 of 1999, section 15 (w.e.f......
View Complete Act List Judgments citing this sectionDepositories Act, 1996 (22 of 1996) Section 6
Title: Surrender of Certificate of Security
State: Central
Year: 1996
(1) Any person who has entered into an agreement under section 5 shall surrender the certificate of security, for which he seeks to avail the services of a depository, to the issuer in such manner as may be specified by the regulations. (2) The issuer, on receipt of certificate of security under sub-section (1), shall cancel the certificate of security and substitute in its records the name of the depository as a registered owner in respect of that security and inform the depository accordingly. (3) A depository shall, on receipt of information under sub-section (2), enter the name of the person referred to in sub-section (1) in its records, as the beneficial owner.
View Complete Act List Judgments citing this sectionBuilding and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 Section 6
Title: Appointment of Registering Officers
State: Central
Year: 1996
The appropriate Government may, by order notified in the Official Gazette,-- (a) appoint such persons, being Gazetted Officers of Government, as it thinks fit to be the registering officers for the purposes of this Act; and (b) define the limits within which a registering officer shall exercise the powers conferred on him by or under this Act.
View Complete Act List Judgments citing this sectionBuilding and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 Chapter VI
Title: Hours of Work, Welfare Measures and Other Conditions of Service of Building Workers
State: Central
Year: 1996
.....has to be completed before the day is over; (d) persons engaged in a work which could not be carried on except at times dependant on the irregular action of natural forces. Section 29 - Wages for overtime work (1) Where any building worker is required to work on any day in excess of the number of hours constituting a normal working day, he shall be entitled to wages at the rate of twice his ordinary rate of wages. (2) For the purposes of this section, "ordinary rates of wages" means the basic wages plus such allowances as the worker is for the time being entitled to but docs not include any bonus. Section 30 - Maintenance of registers and records (1) Every employer shall maintain such registers and records giving such particulars of building workers employed by him, the work performed by them, the number of hours of work which shall constitute a normal working day for them, a day of rest in every period of seven days which shall be allowed to them, the wages paid to them, the receipts given by them and such other particulars in such form as may be prescribed. (2) Even, employer shall keep exhibited, in such manner as may be prescribed, in the place where such.....
View Complete Act List Judgments citing this sectionFinance (No. 2) Act, 1996 Section 6
Title: Insertion of New Section 12aa
State: Central
Year: 1996
After section 12A of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 1997, namely :- "12AA. Procedure for registration. - (1) The Chief Commissioner or Commissioner, on receipt of an application for registration of a trust or institution made under clause (a) of section 12A, shall - (a) call for such documents or information from the trust or institution as he think necessary in order to satisfy himself about the genuineness of activities of the trust or institution and may also make such inquiries as he may deem necessary in this behalf; and (b) after satisfying himself about the objects of the trust or institution and the genuineness of its activities, he - (i) shall pass an order in writing registering the trust or institution; (ii) shall, if he is not so satisfied, pass an order in writing refusing to register the trust or institution, and a copy of such order shall be sent to the applicant : Provided that no order under sub-clause (ii) shall be passed unless the applicant has been given a reasonable opportunity of being heard. (2) Every order granting or refusing registration under clause (b) of sub-section.....
View Complete Act List Judgments citing this sectionMahatma Gandhi Antarrashtriya Hindi Vishwavidyalaya Act, 1996 Section 6
Title: Jurisdiction
State: Central
Year: 1996
The jurisdiction of the University shall extend to the whole of India.
View Complete Act List Judgments citing this sectionArbitration and Conciliation Act, 1996 Section 6
Title: Administrative Assistance
State: Central
Year: 1996
In order to facilitate the conduct of the arbitral proceedings, the parties, or the arbitral tribunal with the consent of the parties, may arrange for administrative assistance by a suitable institution or person.
View Complete Act List Judgments citing this sectionMaulana Azad National Urdu University Act, 1996 Section 6
Title: Jurisdiction
State: Central
Year: 1996
The jurisdiction of the University shall extend to the whole of India.
View Complete Act List Judgments citing this sectionBuilding and Other Construction Workers Welfare Cess Act, 1996 Section 6
Title: Power to Exempt
State: Central
Year: 1996
Notwithstanding anything contained in this Act, the Central Government may, by notification in the Official Gazette, exempt any employer or class of employers in a State from the payment of cess payable under this Act where such cess is already levied and payable under any corresponding law in force in that State.
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