Judgment Search Results Home > Cases Phrase: the tripura markets act 1979 Page 1 of about 70,923 results (0.858 seconds)

In Re: Nageshwar Investment Ltd.,

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

..... acts by the brokers pose a serious risk to the stability and settlement system of the stock exchange besides raising the spectre that innocent investors might get drawn by the artificial trading volumes generated by these brokers and might in the process be beguiled into investing in the shares of these fundamentally weak companies at unjustifiable market prices, only to be left adrift.the observations of the preliminary investigation as detailed above brought out a reasonable ground to believe that the transactions in the above securities were being dealt in a manner detrimental to the ..... such acts by the brokers posed a serious risk to the stability and settlement system of the stock exchange besides raising the spectre that innocent investors might get drawn by the artificial trading volumes generated by these brokers and might in the process be beguiled into investing in the shares of these fundamentally weak companies at unjustifiable market prices, only to be left adrift.the findings of the preliminary investigation as detailed above also established a prima facie case of violation of sebi (prohibition of fraudulent and unfair trade practices relating ..... the registration granted by sebi to a broker imposes responsibility upon the broker to act diligently and in accordance with applicable rules and regulations and sound market practices. .....

Hukam Singh Kundan Singh Vs. Ch. Ram NaraIn Singh and ors.

Court : Punjab and Haryana

Reported in : AIR1966P& H139

..... as the punjab agricultural produce markets act, 1961, stands, it is clear that the appellant had incurred a disqualification which made him ineligible for election to the market committee and it is, in the circumstances impossible for us to interfere with the decision of the learned single judge setting aside the appellant's election. ..... , sitting alone and the argument raised against the appellant's election prevailed, the learned judge holding that the appellant was not eligible for election to the market committee under the punjab agricultural produce markets act, 1961. ..... the argument is somewhat involved but in substance comes to this that because elected members in other local bodies like municipal committees, even if they are removed for misconduct, incur disqualification for a stated number of years while under the punjab agricultural produce markets act of 1961 the disqualification would remain in force for ever, there has been discriminatory treatment accorded to persons like the appellant by the punjab agricultural produce markets act and it should be struck down. ..... the act of 1939 was repealed by the punjab agricultural produce markets act, 1961, which act replaced the previous act. ..... the appellant, hukam singh, was a member of the market committee at rewari set up under the punjab agricultural produce markets act, 1939. .....

Ade Babu Rao Vs. State of Andhra Pradesh and Another

Court : Andhra Pradesh

Reported in : AIR1992AP284; 1992(1)ALT183

..... agricultural (produce & livestock) markets act, 1966 was questioned observed (paras 18 and 19):'.....the pursuit of any lawful trade of business may be made subject to such conditions and restrictions as may be deemed essential by the legislature to be in the interests of the general public, it is obviously in the interests of the producers of agricultural produce that they can get the best competitive prices in an open market and that they have not to pay the middlemen.'14. ..... (agricultural produce and livestock) markets act, 1966 and that was only partially achieved by establishing notified markets and regulating the number of commission agents that could operate. ..... 304 of air):'the act, therefore, was the result of a long exploratory investigation by experts in the field, conceived and enacted to regulate the buying and selling of commercial crops by providing suitable and regulated market by eliminating middlemen and bringing face to face the producer and the buyer so that they may meet on equal terms, thereby eradicating or at any rate reducing the scope for ex-ploitation in dealings. ..... the madras agricultural markets act was upheld in arunachala nadar v. ..... it is also submitted before us that there is no power under the act to issue a general direction to the market committees or the licencing authorities not to grant licences for commission agents in future. .....

i.T.C. Limited Vs. the Agricultural Produce Market Committee and ors.

Court : Supreme Court of India

Reported in : AIR2002SC852; 2002(1)ARBLR112(SC); [2002(2)JCR177(SC)]; JT2002(1)SC294; 2002(1)SCALE327; (2002)9SCC232; [2002]1SCR441; (2002)1UPLBEC814

..... having held the tobacco board act to be constitutionally valid and the agricultural market act enacted by the state legislature to be a valid piece of legislation, the learned judge came to hold that the said act essentially dealing with the object to regulate marketing of agricultural produce and the control of coffee (for tobacco) industry would not be defeated if the marketing of coffee (for tobacco) is done within the provisions of marketing act, the state legislatures' power to make marketing act ought not to be denuded and one must avoid corroding the state's ambit of power of legislation which will ..... the learned counsel made a reference to laws made by the parliament, on a declaration being made in terms of entry 52 of list i, namely, the cardomon act, 1965; the central silk board act, 1958; the coffee act, 1942; the rubber act, 1947; the tea act, 1953; the coir industry act, 1953; the coconut development board act, 1979 and the tobacco board act, 1975. ..... union of india (1979) 3 scc 431, wherein in paragraph 57 this court in unequivocal terms expressed the intention that the state act which was undoubtedly the dominant legislation would only be in addition to and not in derogation of any other law for the time being in force, which manifestly includes the central acts, namely the indian penal code, the corruption act and the criminal law (amendment) act. ..... karunanidhi (1979) 3 scc-431, chanan mal (1977) 1 scc-340 and ishwari khaitan (1980) 4 scc 136. .....

M.P. Udyog Ltd. Vs. Income-tax Officer

Court : Income Tax Appellate Tribunal ITAT Allahabad

Reported in : (1989)28ITD85(All.)

..... it was this amount, which was claimed as an allowable deduction in the computation of the assessee's income as it was submitted that the assessee was liable to pay the above amount to the market committee in terms of section 27(1) of the bihar agricultural produce markets act, 1960.39. ..... the president of the income-tax appellate tribunal nominated the third member, who vide his order dated 20-10-1987 answered the question, referred to him as under: on the facts and in the circumstances of the case, the assessee was indeed allowed deductions within the meaning of section 41(1) of the income-tax act, 1961 in the earlier years in respect of the sales tax payable by it to the government.the case was sent to the bench for being disposed of in accordance with the provisions of the act.7. ..... section 27(1) of the market act no doubt authorises the market committee to levy and collect market fee on the agricultural produce bought or sold in the market area. ..... this argument was repelled by the income-tax officer in view of the provisions of section 37(5) of the act inserted by the finance act, 1983 with retrospective effect from 1-4-1979. ..... [1979] 118 itr 326 (sc).3. .....

Velpur Gram Panchayat and anr. Vs. Asst. Director of Marketing, Guntur ...

Court : Andhra Pradesh

Reported in : 1998(1)ALD625

..... the conspicuous absence of the expression in section 30 of the agricultural markets act 'the law for the time being in force' is indicative that it had no prospective intendment to prevent the future laws to be over-ridden by the present law, as the expression 'the law for the time being in force' will speak of past tense, present tense and present continuous tense and not the future tense as it is populously stated that the law is not static and it is dynamic and it is for the needs of the people and the progress of the society and the necessity of the polity to bring ..... about the .....

Nagpur Kshatriya Khattik Samaj and ors. Vs. Corporation of the City of ...

Court : Mumbai

Reported in : AIR1959Bom112; (1959)61BOMLR468; ILR1959Bom1047

..... necessarily follows that it was not competent to the municipal committee to make byelaws regulating meat markets under clause (b) of section 179(1) of the municipalities act after the year 1934 and the byelaws which were made prior to the year 1934 for regulating markets would become redundant by the passing of the amending act of 1934. ..... it will have to be assumed that though the corporation had a right to regulate meat markets by making resolutions it has by its own action circumscribed its alleged power under section 57(1)(m) by making the byelaws and therefore the action which the corporation could lawfully taken in regulating meat markets could only by acting under the byelaws and not by passing a resolution.25. ..... in dispute that in the city of nagpur sale of meat and the markets in which meat was sold were under the control of and were regulated by the aforesaid municipal committees in accordance with the provisions of the municipalities act and the byelaws made thereunder. ..... an answer to this question it is necessary to turn to other provisions of law and when we turn to section 415(35) of the corporation act in general and to item (b) in particular we find that it provides that the corporation may, and if so required by the state government shall, make byelaws in certain respects and clause 35 relates to the management of municipal markets and the supervision of the manufacture, storage and sale of food and item (b) thereof specifically relates to the sale of meat. .....

Kommisetty Nammalwar and Co. Rep. by Its Proprietor Kommisetty Nammalw ...

Court : Andhra Pradesh

Reported in : 2009(4)ALT431:AIR2009NOC2482(A.P)(F.B).

..... issued under section 4(4) of the act and all the market committees had been directed to regulate purchase and sale of all the commodities specified in the said notification as remained notified in schedule ii of the act and thus the 1st respondent - market committee had initiated action to levy market fee on 'ghee' and the traders who were bent upon in challenging the same began the litigations and the series of the litigations went up to the apex court and again the present writ petition had been filed in the light of the liberty granted by the learned ..... . one copy of such agreement is to be kept in the record of the market committee.as regards the reliance placed by the high court on the second proviso to sub-section (2) of section 19 of the act which provides that in case of a commercial transaction between traders in the market area, the market fee shall be collected and paid by the seller, we are unable to understand as to how the said provision can be pressed into service to negative the levy of the market fee, even assuming that the forest department is for the purposes of the said provision, a trader when it sells the bamboos ..... . 790, dated 27-12-1979, directing the appellant-defendant market committee to provide basic amenities under section 43 of the act .....

i.T.C. Ltd. and ors. Vs. State of Karnataka and ors.

Court : Supreme Court of India

Reported in : 1985(Supp)SCC476; [1985]Supp1SCR145

..... , rule, form or bye-law made or issued from deemed to have been taken, made or issued under the karnataka agricultural produce marketing (regulation)(amendment) ordinance, 1979 shall be deemed to have been taken, made or issued under this act as if this act were in force at all relevant times and any reference therein to the said ordinance shall be deemed to be a reference to this act and they shall continue in force accordingly unless and until superseded by any action taken or any appointment ..... the market committees had surplus fund with them in 1979 and they bad no scheme for effecting improvements to the regulated markets when they enhanced the market fee from one percent to two percent under sub-section (2) of section 65 of the act by amending the bye-law except the statements produced in vaman rao's case (supra) in 1974. ..... the karnataka agriculture produce marketing (regulation) amendment act 17 of 1980 which came into force on 9.5.1980 seems to have been passed in replacement of ordinance 16 of 1979 which in turn was promulgated in replacement of ordinance 2 of 1979. .....

Union of India and anr. Vs. Rajdhani Grains and Jaggery Exchange Ltd. ...

Court : Delhi

Reported in : AIR1973Delhi1

..... , it must be taken to be of the widest amplitude covering the entering into every type of forward contract dealt with by the act, that such a sweeping prohibition does not amount to a condiction relating ..... on of the business by the association except with the previous approval of the forward merkets commission in any commodity other than the i commodity mentioned in the certificate of registration, and that the condition (ii) is, thereforee, not a condition such as is contemplated by section 14a, and hence beyond the powers of the forward markets commission; (2) that the said condition (ii) in the certificate of registration has also the effect of superseding and displacing the statutory provision contained in section 17(1)(3) that the condition (ii) prohibits the conduct of forward trading, that in the absence of a definition of the expression 'forward trading' in the act .....