Judgment Search Results Home > Cases Phrase: state agricultural credit corporations act 1968 section 6 restrictions on transfer of shares Page 6 of about 494 results (0.127 seconds)

Dhara Gram Sewa Sehkari Samiti Limited Vs. Indian Farmers Fertilizers ...

Court : Rajasthan

Reported in : 1992WLN(UC)442

..... ifco, namely:(i) agricultural credit/marketing/processing/supply cooperative federationsof natural level and other agriculture cooperative societies;(ii) agricultural credit/marketing/processing/supply cooperative federations of state-level and other agriculture cooperative societies;(iii) cooperative credit/marketing/supplies societies of district, regional and primary level;(iv) primary agricultural cooperative credit services, multipurposes, sugarcane, irrigation, agriculture societies and other village agriculture societies;(v) national cooperative development corporation;(vii government of india. ..... 12 of the constitution see a.l. kalra v. the project and equipment corporation of india ltd. : (1984)iillj186sc .30. gujarat state financial corporation was a corporation set up under section 3 of the state financial corporations act, 1951. it was an instrumentality devised to provide medium and long term credit to the industrial concerns inter alia hotel-industry. it was not disputed in .....

M/S.Rural Electrification Corporation Ltd. Vs. Commissioner of Income ...

Court : Authority for Advance Rulings

..... company (iii) a banking company (iv) a co-operative bank other than a primary agricultural credit society or a primary co-operative or agricultural and rural co-operative bank (v) a housing finance company; and (vi) any other financial corporation including a public company. the main business of these eligible entities is still to provide ..... examine whether the applicant is an eligible entity for the deduction under section 36(1)(viii) of the act. the eligible entity has been stated to be a financial corporation which includes, as per the definition in the section, a public company and a government company. as per the explanation appended to section 36 ..... as the transferee enterprise) for the purpose of operating and maintaining the infrastructure facility on its behalf in accordance with the agreement with the central government, state government, local authority or statutory body, the provisions of this section shall apply to the transferee enterprise as if it were the enterprise to which .....

Nedumpilli Finance Company Limited Vs. State Of Kerala .

Court : Supreme Court of India

..... : incorporation, regulation and winding up of trading corporations including banking, insurance and financial corporations but not including cooperative societies. (iii) entry no.45: banking 4.2 list ii (state list) of the seventh schedule contains an entry in entry no.30, which reads: money lending and money lenders; relief of agricultural indebtedness . 74.3 therefore, any state enactment regulating the business of money lending and ..... and to recommend measures for ensuring their orderly growth and in particular, the eligibility criteria for their entry, growth and exit, their viability, capital adequacy, liquidity ratio, debt equity ratio, credit concentration ratio, disclosure requirements and other prudential norms; (iv) to consider the adequacy of the supervision and control of rbi over such institutions and suggest measures for further strengthening them .....

Surat District Co-operative Bank Vs. Income Tax Officer and ors.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2003)262ITR1(Ahd.)

..... any net balance in current accounts. explanation.--for the purposes of this sub-section, (a) approved securities, or a portion thereof, representing investment of moneys of agricultural credit stabilisation fund of a co-operative bank shall not be deemed to be unencumbered approved securities, (b) in case a co-operative bank has taken an, advance ..... v. addl. cit (1974) 93 itr 168 (ori);cit v. co-op. cane development union ltd. (1979) 118 itr 770 (all); andcit v. orissa state co-op. housing corporation ltd. (1976) 104 itr 157 (ori). the decision of the hon'ble gujarat high court in the case of addl. cit v. ahmedabad distt. co-op. ..... ) the effecting, insuring, guaranteeing, underwriting, participating in managing and carrying out of any issue, public or private, of state, municipal or other loans or of shares, stock, debentures, or debenture stock of any company, corporation or association and the lending of money for the purpose of any such issue; (e) carrying on and transacting every .....

Nafees Ahmad and ors. Vs. Tehsildar/Magistrate and ors.

Court : Allahabad

Reported in : AIR1998All78

..... a cold storage and the recovery proceedings which had been initiated under u.p. agricultural credit act, (u.p. act no. 19 of 1973) had been challenged on the ground that the business carried on by a cold storage did not amount to 'agricultural' and therefore section 11-a of the said act had no application. this ..... matter. the petitioners had not taken loan from a bank for agricultural purpose. on the contrary they had taken loan from the upfc which has been constituted under the state financial corporation act, 1951, section 25(1)(d) of the act provides that the financial corporation may carry on and transact any business namely acting as agent of ..... on by persons engaged in any of the aforesaid activities including marketing of agricultural products and their storage. therefore, in view of special definition of 'agriculture' and 'agricultural purpose' in the aforesaid act, it was held that section 11-a of u.p. agricultural credit act would apply to a loan given to a cold storage and the .....

Davinder Singh Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Amritsar

Reported in : (2007)104ITD325(Asr.)

..... he observed that it was only a devise for manipulating funds for the sister-concerns as whenever they needed money, the same was provided in the guise of credits of agricultural produce. he also observed that in the subsequent assessment years i.e.2002-03 and 2003-04, out of amounts shown as sundry creditors amounting to rs. 35 ..... these persons.these details were furnished and appeared on p. 8 of the assessment order, where credits amounting to rs. 62,55,097 in the names of 52 persons have been listed. the assessee stated that all these persons had sold their agricultural produce to the assessee. the ao sent enquiry letters by registered post to 12 out of the ..... and narma produce were being sold to factory/mill owners in auction in the presence of officials of the market committee and the government agency, i.e., the cotton corporation of india (cci) buys crops only if the same falls below the minimum support price fixed by the government. therefore, 'kacha arhatias' are not very well known .....

Corporation Bank Vs. the Darby and ors.

Court : Karnataka

Reported in : [1999]97CompCas1(Kar)

..... appears to have an object behind it. it expressly pertains to commercial transactions. probably it expects a quick return from commercial investments unlike in the agricultural investments.the karnataka state financial corporation has been constituted to give only commercial loans at a concessional rate when the prevailing bank rate is about 18 per cent. the court, therefore, ..... on may 12, 1993, the date on which exhibit p-9 was filed wherein the amount paid subsequent to the suit by realisation of life insurance corporation policies has been given credit to. consequently, the interest is calculated on rs. 1,22,024.90 which was on the basis of latest accounts filed on may 12, ..... discretion to refuse interest or reduce the contract rate, being' the exception. when the borrower has promised to pay a particular rate of interest and availed of credit and on default by the borrower, when an action is commenced ending in a decree, the proper exercise of the discretion would be to grant interest at .....

Mandu Prakhand Sahakari Grih Nirman Sahyog Samiti Ltd. and anr. Vs. St ...

Court : Jharkhand

Reported in : 2004(52)BLJR380; [2004(1)JCR402(Jhr)]

..... bank, registered under the co-operative societies act or to the scheduled banks or to a company or a corporation owned by the state government or the central government, and which has been set up with a view to provide agricultural credit to cultivators. petitioners contention is that the words, 'and which has been set up', has been used in ..... been set up with a view to provide agricultural credit to cultivators, the word 'have' should have been used in place of the word 'has'.this argument of learned counsel for the petitioner cannot be accepted that as the word 'has', has been used it only relates to the government companies/corporations, which are mentioned just before the said word ..... it.5. mr. modi appearing on behalf of the state, submitted that under section 46(1)(c) of the act, permission can be granted, in favour of a co-operative society or bank or a government company which has been set up with a view to provide agricultural credit, to the cultivators, and not to any co-operative .....

Commissioner of Income-tax, Gujarat Vs. Tensile Steel Ltd.

Court : Gujarat

Reported in : [1976]104ITR581(Guj)

..... which the invoices were drawn, clearly indicate that thought the arrangement of deferred payment as detailed in the letter of the guarantee furnished by the industrial finance corporation as well as in the two aforesaid invoices bifurcated the principle amount and the interest amount, each instalment of payment was a composite instalment comprising of this ..... and this method has been explained in a judgment of this court in keshav v. mills ltd. v. commissioner of income-tax : 'that system brings into credit what is due, immediately it becomes legally due and before it is actually received and it brings into debit expenditure the amount for which a legal lia bility ..... to the assistant commissioner of agricultural income-tax and the tribunal without success. on reference to the high court of madras, the matter was decided in favour of the assessee and the entire amount was allowed to be deduction from his assessable income. the matter was then carried by the state to the supreme court, on .....

Pune District Supervision Co-operative Society Through Its Chief Execu ...

Court : Mumbai

..... introduced in the statute book in the year 1975. the salient features of the said section 69a are as under:(i) co-operative state cadre constitution of secretaries of primary agricultural credit cooperative society, multipurpose co-operative society etc.(ii) immediate supervisory control of the cadre given to the taluka supervision society consisting of the ..... for the time being in force, for the purposes of levy and collection of the contribution to the said fund by any other corporate body to which section applies, such corporate body shall be deemed to be a society governed by this act.)(5) where there a failure to comply with the requirements of ..... as may be prescribed, and different rates may be prescribed for different societies or other corporate bodies or class or classes of societies or class or classes of other corporate bodies. in determining the rate or rates of contribution, the state government shall take into consideration the expenditure referred to in sub-section (3), the .....