Judgment Search Results Home > Cases Phrase: small industries developement bank of india act 1989 section 4c issued capital Page 1 of about 1,163 results (0.164 seconds)

Motor Industries Company Ltd. Vs. Union of India (Uoi) and ors.

Court : Karnataka

..... , a company formed and registered under the companies act, 1956 (1 of 1956);(iii) on or after the 1st day of april, 2002, by the national housing bank established under sub-section (1) of section 3 of the national housing bank act, 1987 (53 of 1987) or by the small industries development bank of india established under sub-section (1) of section 3 of the small industries development bank of india act, 1989 (39 of 1989).3. ..... in such specified asset out of capital gains received or accruing as a result of the transfer of the original asset;(b) 'long-term specified asset' means any bond redeemable after three years, issued,-(i) on or after the 1st day of april, 2000, by the national bank for agriculture and rural development established under section 3 of the national bank for agriculture and rural development act, 1981 (61 of 1981) or by the national highways authority of india constituted under section 3 of the national highways authority of india act, 1988 (68 of 1988);(ii) on or after the ..... cost of the long-term specified asset is not less than the capital gain arising from the transfer of the original asset, the whole of such capital gain shall not be charged under section 45;(b) if the cost of the long-term specified asset is less than the capital gain arising from the transfer of the original asset, so much of the capital gain as bears to the whole of the capital gain the same proportion as the cost of acquisition of the long .....

Motor Industries Company Ltd., a Company Registered Under the Indian C ...

Court : Karnataka

Reported in : [2007]289ITR134(KAR); [2007]289ITR134(Karn)

..... ]](iii) on or after the 1st day of april, 2002, by the national housing bank established under sub-section (1) of section 3 of the national housing bank act, 1987 or by the small industries development bank of india established under sub-section (1) of section 3 of the small industries development bank of india act, 1989. ..... section, -(a) 'cost', in relation to any long-term specified asset, means the amount invested in such specified asset out of capital gains received or accruing as a result of the transfer of the original asset;[(b)'long term specified asset' means any bond redeemable after three years, issued, -(i) on or after the 1st day of april, 2000, by the national bank for agriculture and rural development established under section 3 of the national bank for agriculture and rural development act, 1981 or by the national highways authority of india ..... constituted under section 3 of the national highways authority act, 1988;(ii) on or after the 1st .....

Areva T and D India Ltd. Vs. Assistant Commissioner of Income Tax and ...

Court : Chennai

Reported in : (2008)220CTR(Mad)156; [2009]177TAXMAN192(Mad)

..... sub-section (1) of section 3 of the national housing bank act, 1987 (53 of 1987) or by the small industries development bank of india established under sub-section (1) of section 3 of the small industries development bank of india act, 1989 (39 of 1989).from a reading of the above, it is clear that long-term specified asset means any bond redeemable after three years and issued on or after the 1st april, 2000 by the national bank for agriculture and rural development established under section 3 of the national bank for agriculture and rural development act, 1981 or by the national highways authority of india constituted under section 3 of the national highways authority of india act, 1988 ..... , a company formed and registered under the companies act, 1956 (i of 1956), and notified by the central government in the official gazette for the purposes of this section.from this amendment it is clear that the tax benefit under section 54ec of the act is not available on long-term capital gains which are invested on or after 1st april, 2006, in the bonds of national bank for agriculture and rural development, national housing bank and small industries development bank of india. .....

Saini and Co. Rice Mills Etc. Vs. State of Punjab

Court : Punjab and Haryana

Reported in : (2009)156PLR559

..... the small industries development bank of india (hereinafter referred to as the 'sidbi') has been established under the small industrial development bank of india act, 1989. ..... the question is whether the guidelines issued by small industrial development bank of india regarding one time settlement of non-performing assets of the financial corporations are binding on the said corporations. ..... 2224 of 2005, the petitioners pray for a mandamus directing the respondent-corporation to settle the accounts of the petitioners in accordance with the guidelines issued by the small industrial development bank of india (sidbi), which guidelines are according to the petitioners binding on the state financial corporation. ..... to the generality of the power vested in the reserve bank under sub-section (1) the reserve bank may give directions to banking companies, either generally or to any banking company or group of banking companies in particular, as to - (a) the purposes for which advances may or may not be made,(b) the margins to be maintained in respect of secured advances,(c) the maximum amount of advances or other financial accommodation which, having regard to the paid-up capital, reserves and deposits of a banking company and other relevant considerations, may be made by that .....

there Is No Provision Under the Sidbi Act 1989 or Under the State Vs. ...

Court : Punjab and Haryana

..... , air 201.p & h 12.examined the binding nature of the guidelines issued by small -4- industrial development bank of india. ..... a division bench of this court in lal chand katia versus punjab financial corporation, 2008(1) isj (banking) 74, has examined the guidelines issued by reserve bank of india (rbi) in terms of section 21 of the banking regulation act, 1949 and held that the state financial corporations established under state -3- financial corporation act, 1951 are not governed by the guidelines issued by the rbi and it was held to the following effect: - 17. ..... there is no provision under the sidbi act, 1989 or under the state financial corporation act, 1951 comparable to the provisions of sections 21 and 35a of the banking regulation act, 1949 extracted above. ..... the state government plays a major and significant role not only in the establishment of sfcs and joint financial corporation, but also in their share capital, constitution of the board of directors.appointment of chairman, managing director, establishment of offices and agencies of the financial corporation and appointment of special authority. ..... a conjoint reading of the provisions of the enactments, referred to hereinabove, makes it clear that the rbi does not have any role in the establishment of the sfcs or joint financial corporation, their share capital, management and business. .....

Shri Laxmi Chand Agrawal Vs. State of Rajasthan and ors.

Court : Rajasthan

Reported in : 1991WLN(UC)527

..... it is also submitted that even if the small scale industries to be established by the petitioners are not convered by section 11, 11-a or section 13 of the act, 1951, but are covered by section 2 of the act, 1951, which provides regarding control in the public interest by the union regarding industries specified in the first scheduled. ..... briefly, it has been stated by the petitioners that government of rajasthan with a view to develop bhiwadi district alwar, offered concessions to establish small scale industries at bhiwadi, and established officer of the district industries officer (for brevity 'd.i.o. ..... it is also submitted that provisions of industries development and regulation) act, 1951 (for brevity 'the act, 1951') are not applicable to the products regarding which certificate anx. ..... petitioner also gave guarantee to state bank of india for approximately rs. ..... it is submitted that the products regarding which certificate has been issued to the petitioners are covered by milk foods or malted foods, which are controlled industries and can be established only after the licence is granted by the union government. ..... , and purchased its share capital of approximately rs. ..... bhiwadi on december 11,1989 gave an application form alongwith project report duly filled, for grant of provisional registration certificate to establish a small scale industry at bhiwadi. ..... 45000/- on december 21,1989 as earnest money (anx. 2). .....

M/S. Continental Chemicals Limited Vs. Sales Tax Officer and anr.

Court : Supreme Court of India

Reported in : AIR1999SC974; JT1999(1)SC339; 1999(1)SCALE281; (2000)9SCC484; [1999]1SCR340; [1999]112STC660(SC)

..... 'industrial unit' has been defined in the notification as follows:'industrial unit' means an industrial unit holding permanent registration with the directorate of industries, uttar pradesh as on small, handloom or handicraft industry or an industrial licence registration granted by the iron & steel controller or the textile commissioner or the director, sugar or the director-general of technical development or the government of india; and (a) registered under the factories act, 1948 or established after obtaining a term loan from the u.p. ..... financial corporation or from a scheduled commercial bank, in the case of units with a capital investment not exceeding three lakh rupees; or (b) registered under the factories act, 1948 or having applied for registration under the said act and deposited the required fee for the purpose, in the case of units other than those referred to above;7. ..... the 2nd respondent issued a sales tax exemption certificate on 25.7.1989 for a period of four years from 1.11.1985. ..... in support of that dismissal, the high court has relied upon the 2nd explanation to section 4-a of the act by which the 'date of production' was defined. ..... the 'date of starting production' has also been defined in the notification as follows:date of starting production' and new unit shall have the meaning assigned to them in the explanation to section 4-a of the uttar pradesh sales tax act, 1948;8. ..... on december 6, 1986, the appellant applied for exemption under section 4-a of the u.p. .....

Present: Mr. Rajiv Kataria Advocate Vs. Adviser to the Adminstrator U. ...

Court : Punjab and Haryana

..... a notice for resumption of house under section 8-a of the capital of punjab (development and regulation) act, 1952 (for short 'the act') was issued to the petitioner as well as to the owner of the house smt. ..... and others plr20011, page 314 whereby no notice was given under section 8-a of the capital of punjab (development and regulation) act, 1952 and resumption order was passed against the landlord and this court set aside the impugned order by allowing the writ petition. ..... no.4 **** ritu bahri , j.this petition under articles 226/227 of the constitution of india is for issuance of a writ in the nature of certiorari to quash the order dated 02.07.1990 passed by respondent no.3 (p-3) and order dated 25.081992 passed by respondent no.2 (p-4) and order dated 12.05.1993 passed by respondent no.1 (p-5) and further prayer is for issuance of direction to the respondents to permit the petition to run the business of tailoring as a small scale industrial unit in the arora gaurav 2014.07.22 15:01 i attest to the accuracy and ..... on the other hand, it is stated that the petitioner has not taken any permission from the rent controller under section 11 of the rent act , therefore, no part arora gaurav 2014.07.22 15:01 i attest to the accuracy and integrity of this document cwp no.6083 of 1993 (o&m) -6- of the residential house can be used for commercial activity. ..... arvinder kapoor who was granted permission by respondent no.3 in the year 1989 vide p-7 and before that also mrs. .....

Hdfc Bank Ltd. and anr. Vs. Kishore K. Mehta and ors.

Court : Mumbai

Reported in : 2008(6)BomCR340

..... sub-section (2) of section 34 provides that the provisions of rd act or rules made thereunder shall be in addition to, and not in derogation of the industrial finance corporation act, 1948, the state financial corporations act, 1951, the unit trust of india act, 1963, the industrial reconstruction bank of india act, 1984, the sick industrial companies (special provisions) act, 1985 and the small industries development bank of india act, 1989.34. ..... the short but very important point which arises for consideration in both these appeals is whether an insolvency notice can be issued under section 9(2) of the presidency-towns insolvency act, 1909, hereinafter called as 'the insolvency act', on the basis of a recovery certificate issued under the provisions of the recovery of debts due to banks and financial institutions act, 1994, hereinafter called as 'the rd act'.4. ..... appeal against the order of recovery officer and provides that notwithstanding anything contained in section 29, any person aggrieved by an order of the recovery officer made under the said act may, within thirty days from the date on which a copy of the order is issued to him, prefer an appeal to the tribunal and on receipt of appeal, the tribunal may, after giving an opportunity to the appellant to be heard, and after making such enquiry as it deems fit, confirm, modify .....

Ksl and Industries Ltd. Vs. Arihant Threads Ltd. and ors.

Court : Supreme Court of India

Reported in : IV(2008)BC421(SC); 153(2008)DLT27(SC); 2008(12)SCALE42; (2008)9SCC763

..... therewith contained in any other law for the time being in force or in any instrument have effect by virtue of any law other than this act (2) the provisions of this act or the rules made thereunder shall be in addition to, and not in derogation of, the industrial finance corporation act, 1948 (15 of 1948), the state financial corporations act, 1951 (63 of 1951), the unit trust of india act, 1963 (52 of 1963), the industrial reconstruction bank of india act, 1984 (62 of 1984), the sick industrial companie (special provisions) act, 1985 and the small industries development bank of india act, 1989.18 ..... the industrial development bank of india (`idbi' for short) which was the predecessor of the stressed assets stabilisation fund (`sasf' for short), financed the project undertaken by the company by way of foreign currency loan and also working capital of rs ..... for reasons which are obvious, the respondent-company chose not to take recourse either to section 20 of the rddb act or rule 60 of the second schedule of the income tax act, 1961, and took a chance of filing an appeal under section 30 of the rddb act with regard to the fixation of the reserve price of the company's assets by the recovery officer for the purposes of the auction sale and the scope of the appeal was limited to such issue alone.36 ..... several hundreds of small- scale and medium scale units in telecom sector, for example have suffered enormously because of our love for foreign companies and their capital ..... . capital services .....