This document provides the statement of objects and reasons for the Karnataka Public Moneys (Recovery of Dues) Act, 1979, which has been amended twice. It aims to assist commercial banks in lending programs linked to government objectives by allowing for speedy recovery of certain loan dues as arrears of land revenue. It defines key terms and outlines that defaulted loans provided under state sponsored schemes or socially desirable schemes can be recovered from borrowers as arrears of land revenue via revenue officials. The act also repeals and validates prior actions under the previous 1976 version of this law.
This document is the Insolvency and Bankruptcy Code of India from 2016. It consolidates and amends laws relating to insolvency resolution and bankruptcy for corporate entities, partnerships and individuals. The key points are:
1) It establishes the Insolvency and Bankruptcy Board of India to regulate insolvency professionals and information utilities.
2) It lays out provisions for insolvency resolution and liquidation that apply to companies, limited liability partnerships, and other corporate entities.
3) It defines important terms related to insolvency including financial debtor, default, creditors, resolution professional, and adjudicating authority.
This document is the Banking Regulation Act of 1949 which establishes the regulatory framework for banking in India. Some key points:
- It gives the Central Government and Reserve Bank of India oversight over banking operations.
- It defines terms related to banking such as "banking company", "demand liabilities", "time liabilities", and establishes the regulatory powers and authorities.
- It allows the Central Government and RBI to suspend parts of the Act during emergencies or if deemed necessary for financial stability.
This document contains rules related to the acceptance of deposits by companies in India as per the Companies Act, 2013. Some key points:
- It defines various terms related to deposits such as eligible company, deposit, depositor etc. and specifies the types of amounts that are not considered deposits.
- It sets rules for companies regarding the terms and conditions of accepting deposits such as minimum and maximum maturity periods, limits on amounts that can be accepted from members vs others.
- It specifies the form and particulars of advertisements or circulars that must be issued when inviting deposits, including issuing to all members, publishing, uploading online, getting registered with the registrar etc.
- It provides details on joint deposits
1. This document establishes a pledge of shares agreement between a Pledgor and Pledgee. The Pledgor agrees to pledge 15 ordinary shares in a company to the Pledgee as security for fulfilling its obligation to execute a deed of share sale and purchase under a separate agreement.
2. The shares are delivered and registered to the Pledgee, and the Pledgor makes representations that it has full ownership rights to the shares and the authority to pledge them as security.
3. The pledge provides the Pledgee with a first priority security interest over the shares to secure the Pledgor's performance of its obligation to complete the share sale.
Income Tax Act with Supplement
As Amended by The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020
The Present Publication is the 65th Edition, with the following noteworthy features:
· Taxmann’s Bestseller Book for more than Five-Decades
· Follows the Six Sigma Approach to achieve the Benchmark of
‘Zero Error’
· Amended Provisions as per the following:
o The Finance Act, 2020
o The Taxation and Other Laws (Relaxation and Amendment of
Certain Provisions) Act, 2020
· Legislative History of Amendments, since 1961
· Relevant provisions of all other allied laws referred to in the
Income-tax Act
· Specially curated 'Guide to Amendments'
· Comprehensive Table of Contents
· Relevant Section Numbers are printed in Folios for Quick
Navigation
Supplement to Income-tax Act
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020, has inserted or amended 39 Sections of the Income-tax Act, 1961. This supplement to Income-tax Act provides all amended and newly inserted Sections. These amendments are relating to:
· Change in the due dates of various compliances
· Reduction in the rates of TDS/TCS
· Clarifications regarding amended provisions of residential
status
· Faceless proceedings
· Restoration and deferment of certain provisions relating to
trusts
· Exemptions and deductions
· Taxation of Alternative Investment Funds (AIFs)
· Reduced rates of surcharge on dividend income in case of
FPIs
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellan...Mukesh Chand
This document summarizes key changes made to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) through an amendment act passed in 2016. Some major changes include renaming securitization companies as asset reconstruction companies, allowing non-institutional investors to invest in security receipts, expanding the definition of secured creditor and secured interest, and granting additional powers to the Reserve Bank of India to regulate and audit asset reconstruction companies. The amendments updated various definitions, widened the scope of certain provisions, and exempted asset reconstruction companies from stamp duty in certain asset acquisition transactions.
This document is the Insolvency and Bankruptcy Code of India from 2016. It consolidates and amends laws relating to insolvency resolution and bankruptcy for corporate entities, partnerships and individuals. The key points are:
1) It establishes the Insolvency and Bankruptcy Board of India to regulate insolvency professionals and information utilities.
2) It lays out provisions for insolvency resolution and liquidation that apply to companies, limited liability partnerships, and other corporate entities.
3) It defines important terms related to insolvency including financial debtor, default, creditors, resolution professional, and adjudicating authority.
This document is the Banking Regulation Act of 1949 which establishes the regulatory framework for banking in India. Some key points:
- It gives the Central Government and Reserve Bank of India oversight over banking operations.
- It defines terms related to banking such as "banking company", "demand liabilities", "time liabilities", and establishes the regulatory powers and authorities.
- It allows the Central Government and RBI to suspend parts of the Act during emergencies or if deemed necessary for financial stability.
This document contains rules related to the acceptance of deposits by companies in India as per the Companies Act, 2013. Some key points:
- It defines various terms related to deposits such as eligible company, deposit, depositor etc. and specifies the types of amounts that are not considered deposits.
- It sets rules for companies regarding the terms and conditions of accepting deposits such as minimum and maximum maturity periods, limits on amounts that can be accepted from members vs others.
- It specifies the form and particulars of advertisements or circulars that must be issued when inviting deposits, including issuing to all members, publishing, uploading online, getting registered with the registrar etc.
- It provides details on joint deposits
1. This document establishes a pledge of shares agreement between a Pledgor and Pledgee. The Pledgor agrees to pledge 15 ordinary shares in a company to the Pledgee as security for fulfilling its obligation to execute a deed of share sale and purchase under a separate agreement.
2. The shares are delivered and registered to the Pledgee, and the Pledgor makes representations that it has full ownership rights to the shares and the authority to pledge them as security.
3. The pledge provides the Pledgee with a first priority security interest over the shares to secure the Pledgor's performance of its obligation to complete the share sale.
Income Tax Act with Supplement
As Amended by The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020
The Present Publication is the 65th Edition, with the following noteworthy features:
· Taxmann’s Bestseller Book for more than Five-Decades
· Follows the Six Sigma Approach to achieve the Benchmark of
‘Zero Error’
· Amended Provisions as per the following:
o The Finance Act, 2020
o The Taxation and Other Laws (Relaxation and Amendment of
Certain Provisions) Act, 2020
· Legislative History of Amendments, since 1961
· Relevant provisions of all other allied laws referred to in the
Income-tax Act
· Specially curated 'Guide to Amendments'
· Comprehensive Table of Contents
· Relevant Section Numbers are printed in Folios for Quick
Navigation
Supplement to Income-tax Act
The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act 2020, has inserted or amended 39 Sections of the Income-tax Act, 1961. This supplement to Income-tax Act provides all amended and newly inserted Sections. These amendments are relating to:
· Change in the due dates of various compliances
· Reduction in the rates of TDS/TCS
· Clarifications regarding amended provisions of residential
status
· Faceless proceedings
· Restoration and deferment of certain provisions relating to
trusts
· Exemptions and deductions
· Taxation of Alternative Investment Funds (AIFs)
· Reduced rates of surcharge on dividend income in case of
FPIs
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellan...Mukesh Chand
This document summarizes key changes made to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) through an amendment act passed in 2016. Some major changes include renaming securitization companies as asset reconstruction companies, allowing non-institutional investors to invest in security receipts, expanding the definition of secured creditor and secured interest, and granting additional powers to the Reserve Bank of India to regulate and audit asset reconstruction companies. The amendments updated various definitions, widened the scope of certain provisions, and exempted asset reconstruction companies from stamp duty in certain asset acquisition transactions.
Onmobile has an open offer from a promoter who will buy 10% for Rs. 47 cr. ($8 million) in February 2014. This is NOT a buyback but one promoter entity buying.
This document is the Payment of Bonus Act of 1965 which provides for the payment of bonus to employees in certain establishments based on profits or productivity. Some key points:
- It applies to factories and other establishments with 20 or more employees. State governments can extend it to establishments with 10-19 employees.
- It defines terms like accounting year, allocable surplus, appropriate government, and establishes rules around calculating available surplus for bonus payments.
- It applies to accounting years starting 1964 onward for most states, and 1968 onward for Jammu and Kashmir. Establishments remain covered even if employee numbers fall below thresholds later.
A charitable trust can be formed as a trust, society, or non-profit company registered under section 25 of the Companies Act. To form a trust, one person is needed to create a trust deed or will. To form a society, at least seven people are required. A charitable institution can also be formed by registering as a non-profit company. The key requirements to form a valid charitable trust are that it must have a religious or charitable object, the founder must have the capacity to create the trust, the object and property dedicated to the trust must be clearly indicated, and the trust's objects cannot oppose any law. A written trust deed is generally desirable but not always required by law.
The document defines several key terms used in Indian income tax law:
1) It defines assessee, assessment year, company, convertible foreign exchange, foreign exchange asset, and gross total income.
2) It also defines income, Indian company, investment income, long term capital gains, manufacture, non-resident Indian, person, previous year, principal officer, and specified asset.
3) The definitions provide clarity on entities and concepts central to calculating and assessing income tax in India such as what constitutes an assessee, assessment periods, types of corporate entities and income.
AMENDMENTS TO SARFAESI ACT/RULES/DRT ACT AND RULES WHICH HAVE BEEN ENFORCEDMukesh Chand
The document summarizes key amendments to the Security Interest (Enforcement) Rules, 2002 and the Debt Recovery Tribunal (Procedure) Rules, 1993 in India that came into effect from November 4, 2016. Some of the major changes include:
1) Allowing delivery of notices by hand delivery in addition to other modes.
2) Reducing the notice period for subsequent auctions of secured assets from 30 days to 15 days.
3) Allowing service of notices via email in addition to other modes.
4) Providing for public auctions, including e-auctions of secured assets.
5) Reducing timelines for filing written statements and replies in DRT recovery applications.
This document outlines the bylaws of Advanced Micro Devices, Inc. regarding meetings of stockholders and the nomination of directors.
Key details include:
1) Stockholders must give advance notice between 90-120 days before the annual meeting to propose other business or nominate directors.
2) The notice must include information about the stockholder, the nominees, the proposed business, and any interests or arrangements related to the proposal.
3) Updates may be required within specified timeframes prior to the meeting.
The bylaws establish an orderly process for stockholder proposals and nominations at annual and special meetings.
This document outlines the Bangladesh Bank Order of 1972 which established the central bank of Bangladesh. Some key points:
- It established the Bangladesh Bank as the central bank to manage monetary and credit systems, stabilize domestic currency value, and maintain external currency value.
- The bank was established as a corporate body with perpetual succession and a common seal. Its initial capital was Taka 3 crores fully owned by the government.
- It assumed the assets, rights, and liabilities of the former State Bank of Pakistan in Bangladesh. All employees of the State Bank became employees of the new Bangladesh Bank.
- Governance and supervision of the bank is entrusted to a Board of Directors, though initially the Governor had
CONVERTIBLE DEBENTURE PURCHASE AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
This trust deed establishes a trust to construct and maintain a Hindu temple. The donor transfers ownership of a plot of land and a sum of money to three named trustees to build a temple according to an attached plan. The temple will be used for Hindu worship and cultural activities. The trustees are given powers to appoint priests, celebrate festivals, invest surplus funds, and borrow money using the trust's assets. They must maintain proper financial records and get the accounts audited annually. Majority decision rules for resolving trust matters. The trust assets cannot revert to the donor or descendants and can only be used for the temple.
Madras High Court Judgement - Merger & AmlagamationNimisha Chauhan
1. The Madras High Court permitted Equitas Micro Finance, Equitas Housing Finance, and Equitas Finance to fix the appointed date and effective date for their merger later, rather than specifying the dates in the merger scheme.
2. The Regional Director had raised concerns that the scheme did not specify appointed and effective dates and tied the dates to uncertain future events.
3. The Court observed that the merger scheme was crafted in response to conditions set by the RBI for obtaining a banking license, so the dates could not be definitively set in advance. The Court allowed flexibility in setting the dates under the Companies Act.
Agreement for Educational Services to StartupsSV.CO
This agreement is between a service provider that offers educational services to startups and a startup company and its founders. The service provider will provide services to help the startup grow its business and help the founders find employment or an acquisition of the startup. In return, the startup will pay the service provider a percentage of revenues from customers referred by the service provider, equity in the startup, and a cash bonus if the startup is acquired. The agreement defines key terms, outlines the services to be provided, and specifies the consideration owed to the service provider in exchange for its services.
This document is a plan support agreement between KIT digital, Inc. and three sponsors (JEC Capital Partners, Ratio Capital Partners, and Prescott Group Capital Management) to implement a restructuring of KIT digital's debt. Key points:
- The sponsors deposited $1.5 million in escrow and committed to fund the restructuring.
- The parties agree to support a chapter 11 plan of reorganization consistent with the terms in Exhibit A, which sets forth the restructuring proposal.
- The sponsors and company agree not to support any alternative restructuring transactions, except the company can consider superior offers if required by its fiduciary duties to shareholders.
This document outlines an agreement between a fiscal agent organization and a supporting organization to manage a project called "Restoring Hope". The fiscal agent will assume administrative and financial responsibilities for the project, including establishing a designated bank account. The supporting organization will provide volunteers and reports to the fiscal agent on the project's programs and services. The agreement details the responsibilities of both parties and provides that any disputes will be settled through mediation or arbitration.
The Province of Mendoza has extended both the expiration date of its invitation to holders of its U.S.$590,000,000 8.375% Notes due 2024 and the eligibility deadline for holders to receive a consent payment for participating. The new expiration date is September 11, 2020 and the new consent payment eligibility deadline is September 8, 2020. As of August 27, 2020, approximately U.S.$351,085,000 aggregate principal amount of the notes had been tendered, representing around 66.25% of the total outstanding. The results announcement, settlement, execution and effective dates have all been moved to September 14-16, 2020 or as soon as practicable thereafter.
Banking services management vth sem bcom banking calicut universitysreevkn
This document provides an overview of banking services management and banking reforms in India. It discusses key Indian banking legislation like the Banking Regulation Act of 1949 and the roles and powers of the Reserve Bank of India in regulating banks. It also lists the different types of banks in India including public sector banks, private sector banks, foreign banks, regional rural banks, and cooperative banks. Banking reforms since the 1990s aimed to increase efficiency, reduce government control, and bring banks in line with international standards through recommendations from the Narasimham Committee.
The document contains 7 questions related to various acts in corporate law. Question 1 provides details of a case involving a borrower (M/s. Dr. P.B’s Health & Glow Clinic Ltd.) that took a loan from a bank but did not fully repay it. The bank took possession of the mortgaged property under the SARFAESI Act, which the borrower challenged in court. The key issue is whether the borrower or bank would win the case. Question 2 asks to explain registered owner, depository, and participant under the Depositories Act.
This document is an Act passed in Bangladesh in 1993 to regulate financial institutions. Some key points:
- It provides for the licensing of financial institutions by the Bangladesh Bank and sets minimum capital requirements.
- It gives the Bangladesh Bank powers to inspect financial institutions, cancel licenses for non-compliance, and intervene if an institution faces insolvency issues.
- It places restrictions on financial institutions regarding activities like accepting deposits, lending limits, investments, and property ownership to ensure stability.
- The Act aims to provide oversight and control of financial institutions in Bangladesh while protecting depositors and creditors.
This document is an assignment on the Securities Contracts (Regulation) Act, 1956 submitted for a course on financial markets and regulatory systems. It provides an overview of the Act, including its objectives to regulate stock exchanges and protect investors. Key points covered include definitions of terms like securities, stock exchange and derivatives; procedures for recognition and corporatization of stock exchanges; powers of the central government and stock exchanges with respect to regulation and rule-making; and listing requirements for securities. The assignment also analyzes several court cases related to the implementation of the Act.
Onmobile has an open offer from a promoter who will buy 10% for Rs. 47 cr. ($8 million) in February 2014. This is NOT a buyback but one promoter entity buying.
This document is the Payment of Bonus Act of 1965 which provides for the payment of bonus to employees in certain establishments based on profits or productivity. Some key points:
- It applies to factories and other establishments with 20 or more employees. State governments can extend it to establishments with 10-19 employees.
- It defines terms like accounting year, allocable surplus, appropriate government, and establishes rules around calculating available surplus for bonus payments.
- It applies to accounting years starting 1964 onward for most states, and 1968 onward for Jammu and Kashmir. Establishments remain covered even if employee numbers fall below thresholds later.
A charitable trust can be formed as a trust, society, or non-profit company registered under section 25 of the Companies Act. To form a trust, one person is needed to create a trust deed or will. To form a society, at least seven people are required. A charitable institution can also be formed by registering as a non-profit company. The key requirements to form a valid charitable trust are that it must have a religious or charitable object, the founder must have the capacity to create the trust, the object and property dedicated to the trust must be clearly indicated, and the trust's objects cannot oppose any law. A written trust deed is generally desirable but not always required by law.
The document defines several key terms used in Indian income tax law:
1) It defines assessee, assessment year, company, convertible foreign exchange, foreign exchange asset, and gross total income.
2) It also defines income, Indian company, investment income, long term capital gains, manufacture, non-resident Indian, person, previous year, principal officer, and specified asset.
3) The definitions provide clarity on entities and concepts central to calculating and assessing income tax in India such as what constitutes an assessee, assessment periods, types of corporate entities and income.
AMENDMENTS TO SARFAESI ACT/RULES/DRT ACT AND RULES WHICH HAVE BEEN ENFORCEDMukesh Chand
The document summarizes key amendments to the Security Interest (Enforcement) Rules, 2002 and the Debt Recovery Tribunal (Procedure) Rules, 1993 in India that came into effect from November 4, 2016. Some of the major changes include:
1) Allowing delivery of notices by hand delivery in addition to other modes.
2) Reducing the notice period for subsequent auctions of secured assets from 30 days to 15 days.
3) Allowing service of notices via email in addition to other modes.
4) Providing for public auctions, including e-auctions of secured assets.
5) Reducing timelines for filing written statements and replies in DRT recovery applications.
This document outlines the bylaws of Advanced Micro Devices, Inc. regarding meetings of stockholders and the nomination of directors.
Key details include:
1) Stockholders must give advance notice between 90-120 days before the annual meeting to propose other business or nominate directors.
2) The notice must include information about the stockholder, the nominees, the proposed business, and any interests or arrangements related to the proposal.
3) Updates may be required within specified timeframes prior to the meeting.
The bylaws establish an orderly process for stockholder proposals and nominations at annual and special meetings.
This document outlines the Bangladesh Bank Order of 1972 which established the central bank of Bangladesh. Some key points:
- It established the Bangladesh Bank as the central bank to manage monetary and credit systems, stabilize domestic currency value, and maintain external currency value.
- The bank was established as a corporate body with perpetual succession and a common seal. Its initial capital was Taka 3 crores fully owned by the government.
- It assumed the assets, rights, and liabilities of the former State Bank of Pakistan in Bangladesh. All employees of the State Bank became employees of the new Bangladesh Bank.
- Governance and supervision of the bank is entrusted to a Board of Directors, though initially the Governor had
CONVERTIBLE DEBENTURE PURCHASE AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
VISIT : https://hirelawyeronline.com/
This trust deed establishes a trust to construct and maintain a Hindu temple. The donor transfers ownership of a plot of land and a sum of money to three named trustees to build a temple according to an attached plan. The temple will be used for Hindu worship and cultural activities. The trustees are given powers to appoint priests, celebrate festivals, invest surplus funds, and borrow money using the trust's assets. They must maintain proper financial records and get the accounts audited annually. Majority decision rules for resolving trust matters. The trust assets cannot revert to the donor or descendants and can only be used for the temple.
Madras High Court Judgement - Merger & AmlagamationNimisha Chauhan
1. The Madras High Court permitted Equitas Micro Finance, Equitas Housing Finance, and Equitas Finance to fix the appointed date and effective date for their merger later, rather than specifying the dates in the merger scheme.
2. The Regional Director had raised concerns that the scheme did not specify appointed and effective dates and tied the dates to uncertain future events.
3. The Court observed that the merger scheme was crafted in response to conditions set by the RBI for obtaining a banking license, so the dates could not be definitively set in advance. The Court allowed flexibility in setting the dates under the Companies Act.
Agreement for Educational Services to StartupsSV.CO
This agreement is between a service provider that offers educational services to startups and a startup company and its founders. The service provider will provide services to help the startup grow its business and help the founders find employment or an acquisition of the startup. In return, the startup will pay the service provider a percentage of revenues from customers referred by the service provider, equity in the startup, and a cash bonus if the startup is acquired. The agreement defines key terms, outlines the services to be provided, and specifies the consideration owed to the service provider in exchange for its services.
This document is a plan support agreement between KIT digital, Inc. and three sponsors (JEC Capital Partners, Ratio Capital Partners, and Prescott Group Capital Management) to implement a restructuring of KIT digital's debt. Key points:
- The sponsors deposited $1.5 million in escrow and committed to fund the restructuring.
- The parties agree to support a chapter 11 plan of reorganization consistent with the terms in Exhibit A, which sets forth the restructuring proposal.
- The sponsors and company agree not to support any alternative restructuring transactions, except the company can consider superior offers if required by its fiduciary duties to shareholders.
This document outlines an agreement between a fiscal agent organization and a supporting organization to manage a project called "Restoring Hope". The fiscal agent will assume administrative and financial responsibilities for the project, including establishing a designated bank account. The supporting organization will provide volunteers and reports to the fiscal agent on the project's programs and services. The agreement details the responsibilities of both parties and provides that any disputes will be settled through mediation or arbitration.
The Province of Mendoza has extended both the expiration date of its invitation to holders of its U.S.$590,000,000 8.375% Notes due 2024 and the eligibility deadline for holders to receive a consent payment for participating. The new expiration date is September 11, 2020 and the new consent payment eligibility deadline is September 8, 2020. As of August 27, 2020, approximately U.S.$351,085,000 aggregate principal amount of the notes had been tendered, representing around 66.25% of the total outstanding. The results announcement, settlement, execution and effective dates have all been moved to September 14-16, 2020 or as soon as practicable thereafter.
Banking services management vth sem bcom banking calicut universitysreevkn
This document provides an overview of banking services management and banking reforms in India. It discusses key Indian banking legislation like the Banking Regulation Act of 1949 and the roles and powers of the Reserve Bank of India in regulating banks. It also lists the different types of banks in India including public sector banks, private sector banks, foreign banks, regional rural banks, and cooperative banks. Banking reforms since the 1990s aimed to increase efficiency, reduce government control, and bring banks in line with international standards through recommendations from the Narasimham Committee.
The document contains 7 questions related to various acts in corporate law. Question 1 provides details of a case involving a borrower (M/s. Dr. P.B’s Health & Glow Clinic Ltd.) that took a loan from a bank but did not fully repay it. The bank took possession of the mortgaged property under the SARFAESI Act, which the borrower challenged in court. The key issue is whether the borrower or bank would win the case. Question 2 asks to explain registered owner, depository, and participant under the Depositories Act.
This document is an Act passed in Bangladesh in 1993 to regulate financial institutions. Some key points:
- It provides for the licensing of financial institutions by the Bangladesh Bank and sets minimum capital requirements.
- It gives the Bangladesh Bank powers to inspect financial institutions, cancel licenses for non-compliance, and intervene if an institution faces insolvency issues.
- It places restrictions on financial institutions regarding activities like accepting deposits, lending limits, investments, and property ownership to ensure stability.
- The Act aims to provide oversight and control of financial institutions in Bangladesh while protecting depositors and creditors.
This document is an assignment on the Securities Contracts (Regulation) Act, 1956 submitted for a course on financial markets and regulatory systems. It provides an overview of the Act, including its objectives to regulate stock exchanges and protect investors. Key points covered include definitions of terms like securities, stock exchange and derivatives; procedures for recognition and corporatization of stock exchanges; powers of the central government and stock exchanges with respect to regulation and rule-making; and listing requirements for securities. The assignment also analyzes several court cases related to the implementation of the Act.
This document is the Banking Regulation Act of 1949 which establishes the regulatory framework for banking in India. Some key points:
- It gives the Central Government and Reserve Bank of India powers to regulate banking companies and make banking policies.
- It defines important terms related to banking such as "banking", "banking company", "demand liabilities", "time liabilities" and more.
- It establishes that the provisions of this Act are in addition to other existing laws and shall override any agreements or resolutions passed by banking companies.
- It provides the Central Government power to temporarily suspend parts of the Act during emergencies for up to one year.
The sick industrial companies (special provisions) act, 1985 (no. 1 of 1986)Paurav Lakhani
The Sick Industrial Companies (Special Provisions) Act of 1985 establishes a Board for Industrial and Financial Reconstruction and an Appellate Authority to oversee sick industrial companies in India. The Act defines key terms including "sick industrial company" as an industrial company registered for at least 5 years that has accumulated losses exceeding its net worth. It grants these bodies powers to evaluate sick companies, determine remedial measures, and ensure their timely implementation to aid in industrial development.
This document summarizes key parts of the Banking Regulation Act of 1949 in India.
The Act establishes regulations for banking companies in India. It defines terms like "banking", "banking company", and sets rules for what kinds of business banking companies can engage in, including accepting deposits and making loans.
It also prohibits banking companies from using words like "bank" in their names unless they are actually conducting banking business. Companies other than banking companies cannot use words like "banker" or "banking" in their names or businesses.
The Act also prohibits banking companies from trading goods, with some exceptions. It requires banking companies to dispose of any non-banking real estate assets within 7 years
This document summarizes key parts of the Banking Regulation Act of 1949 in India.
The Act establishes regulations for banking companies in India. It defines terms like "banking", "banking company", and sets rules for what kind of business banking companies can engage in, including accepting deposits and making loans.
It also prohibits banking companies from using words like "bank" in their names unless they are actually conducting banking. Companies other than banking companies cannot use words like "banker" or "banking" in their names or businesses.
The Act also restricts banking companies from trading goods, with some exceptions. It requires banking companies to dispose of any non-banking assets like land within 7 years
This document is the Public Finance Management Act of 2019 in Pakistan, as amended up to June 30, 2020. It outlines regulations around budget management, development projects, public assets, control of public finances, treasury management, special purpose funds, accounting and reporting, public entities, and non-tax revenue in Pakistan. The act has 9 chapters and 45 sections that define key terms, establish processes for budget preparation and presentation, rules around re-appropriation of funds, development project classification and oversight, management of public funds and assets, accounting standards, and powers to make rules.
This document summarizes key parts of the Banking Regulation Act of 1949 in India.
It begins by outlining the short title, extent, and commencement of the act. It then specifies that the act's provisions are in addition to other existing laws.
The act applies to cooperative societies in certain cases and gives the central government power to suspend parts of the act for up to one year in cases of emergency or if deemed expedient.
It provides definitions for important terms like "banking", "banking company", and reserves the use of certain words like "bank" for banking companies only. It also specifies the allowed forms of business for banking companies and prohibits trading and holding non-banking assets
This document outlines the Financial Institutions Ordinance of 2001 in Pakistan. The ordinance aims to repeal and re-enact the Banking Companies (Recovery of Loans, Advances, Credits and Finances) Act of 1997 with some modifications. It establishes Banking Courts to handle cases related to recovery of finances extended by financial institutions in a timely manner. The ordinance defines key terms, outlines the duties of customers to fulfill obligations, and sets out procedures for financial institutions to recover written-off finances expeditiously through the new Banking Courts.
The document provides definitions for key terms used in the Insolvency and Bankruptcy Code of India. It defines terms related to insolvency resolution, liquidation, and bankruptcy for corporate entities, partnership firms, and individuals. Some key terms defined include "corporate debtor", "creditor", "debt", "default", "financial creditor", "operational creditor", "insolvency professional", and "secured creditor". The definitions section aims to provide clarity on the meaning of important concepts and entities referenced in the Insolvency and Bankruptcy Code.
The new Companies Law 2013 (India) - Chapter 11: Appointment and Qualificatio...Bold Kiln
This notification outlines new rules related to the appointment and qualifications of directors of companies in India as per the Companies Act of 2013. Some key points include:
- It defines terms like Director Identification Number (DIN), independent director, and small shareholders' director.
- It requires certain classes of listed and large unlisted public companies to appoint at least one woman director.
- It specifies the qualifications required for independent directors and the process for creating and maintaining a databank of individuals willing to serve as independent directors.
- It provides rules for the appointment, tenure and qualifications of a small shareholders' director.
- It details the process for applying for and obtaining a DIN, including the required
This notification outlines new rules related to the appointment and qualifications of directors of companies in India as per the Companies Act of 2013. Some key points include:
- It defines terms like Director Identification Number (DIN), independent director, and small shareholders' director.
- It requires certain classes of listed and large unlisted public companies to appoint at least one woman director.
- It specifies the qualifications required for independent directors and the process for maintaining a databank of individuals willing to serve as independent directors.
- It provides the process for small shareholders to elect a small shareholders' director to represent them on the board.
- It outlines the process for individuals to apply for and be allotted a
State Financial Corporations (SFCs) were established under the State Financial Corporations Act of 1951 to provide medium and long-term financing to small and medium industrial enterprises. The key objectives were to supplement the work of the Industrial Finance Corporation of India and focus on financing small and medium industries. SFCs mobilize funds through share capital, bonds, public deposits, and loans. They provide loans, underwriting support, and guarantees to eligible industrial projects. Though they initially played a major role in industrial financing, their performance deteriorated over time due to rising non-performing assets. There are currently 18 SFCs operating across different states in India.
Note on Securitisation and Reconstruction of Financial Assets and Enforcement...aarthianand
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) allows banks and financial institutions to recover non-performing assets without court intervention through securitization, asset reconstruction, or enforcing security. The Act defines banks, financial institutions, secured creditors, and borrowers. To use SARFAESI powers, an institution must fall under the definition of a bank or financial institution, which includes certain public institutions and those notified by the central government. The Ministry of Corporate Affairs also provides guidelines for an institution to be declared a public financial institution.
This document summarizes the Sales Tax Act of 1990 in Pakistan, which consolidates and amends laws relating to taxation on the sale, import, export, production, manufacture, or consumption of goods. Some key points:
- It establishes the legal framework for sales tax in Pakistan, including definitions, tax rates, penalties, and offences.
- Recent amendments have updated various definitions, such as expanding the definition of the term "Commissioner" and establishing the Appellate Tribunal for tax-related appeals.
- The Act aims to simplify and standardize sales tax laws in Pakistan through this consolidated legislation. It provides the primary legal basis for sales tax collection and administration in the country.
The Payment of Bonus Act, 1965 came into force on April 1, 1965 to regulate the payment of bonus to employees based on profits. It applies to establishments with 20 or more employees. Key provisions include:
- Section 12 deals with disqualification for bonus due to employee misconduct.
- Section 17 outlines a time limit for paying bonus within 8 months of the accounting year.
- Bonus is calculated based on available surplus with a minimum of 8.33% and maximum of 20%.
The Act aims to legally require employers to pay bonus and provides mechanisms for dispute resolution. It does not apply to certain public sector organizations and those with alternative bonus agreements.
This document is the Income Tax Ordinance of 1984 from Bangladesh. It begins with definitions of key terms used in the ordinance. It defines terms like agricultural income, amalgamation, annual value, assessee, assessment, capital asset and dividend. It provides definitions for terms related to the structure of the tax authority such as Commissioner, Deputy Commissioner of Taxes, and Director General of Inspection. It also defines common business terms like company, director and employee. The ordinance aims to consolidate and amend the existing laws relating to income tax in Bangladesh.
The document discusses several key banking and finance laws in India. It provides an overview of the objectives and importance of studying banking and finance laws in India. It then summarizes some of the major laws administered by the Department of Financial Services, including the Negotiable Instruments Act of 1881, the Reserve Bank of India Act of 1934, the Banking Regulation Act of 1949, the Deposit Insurance and Credit Guarantee Corporation Act of 1961, and the Sick Industrial Companies Act of 1985. The document outlines the purpose and some key aspects of these important banking and finance laws in India.
This document provides definitions for key terms used in the Industrial Relations Code, 2020 in India. It defines terms such as appropriate government, employer, employee, industry, industrial dispute, layoff, lockout, and strike. The definitions section aims to clarify the meaning and scope of important concepts that will be referenced throughout the Code.
Similar to Public moneys (recovery of dues) act, 1979 (20)
ಗ್ರಾಹಕ ಎಂದರೆ ಯಾರು? ಆತ ಹೇಗೆ ಮೋಸ, ವಂಚನೆಗಳಿಗೆ ಒಳಗಾಗುತ್ತಾನೆ? ಅದಕ್ಕೆ ಕಾರಣ ಮತ್ತು ಪರಿಹಾರವೇನು? ಎಂಬ ಬಗ್ಗೆ ಮಕ್ಕಳಿಗೆ ಅವರ ಶಾಲಾ ಹಂತದಲ್ಲಿಯೇ ಗ್ರಾಹಕ ಕಾಯ್ದೆಗಳ ಕುರಿತು ಅರಿವು ಮೂಡಿಸಲು ಜಿಲ್ಲಾ, ತಾಲೂಕು ಮಟ್ಟದಲ್ಲಿ `ಶಾಲಾ ಗ್ರಾಹಕರ ಕ್ಲಬ್’ಗಳನ್ನು ರಚನೆ ಮಾಡಬೇಕು ಎಂದು ಗ್ರಾಹಕ ಇಲಾಖೆ ಮತ್ತು ಶಿಕ್ಷಣ ಇಲಾಖೆಯನ್ನು ಪ್ರಬುದ್ಧ ಮಕ್ಕಳ ಪೋಷಕರು ಒತ್ತಾಯಿಸುತ್ತಿದ್ದಾರೆ . ಈ ಬಗ್ಗೆ ನಮ್ಮ ಜನರ ಸೇವಕರಾಗಿ ಹಗಲಿರುಳು ಶ್ರಮಿಸುತ್ತಿರುವ ವಿದ್ಯಾವಂತ ಶಾಸಕರು ವಿಧಾನ ಸಭೆಯಲ್ಲಿ ಸರಕಾರವನ್ನು ಒತ್ತಾಯಿಸಬೇಕೆಂದು ಸಮಸ್ತ ನಾಗರಿಕರ ಆಗ್ರಹವಾಗಿದೆ.
THE KARNATAKA TRANSPARENCY IN PUBLIC PROCUREMENTS ACT, 1999UllalNews
Act 29 of 2000.- In the recent past irregularities in the processing of tenders occurred in the various Government Departments, Public Sector Undertakings, Statutory
Boards, etc., due to inadequate publicity of tenders, restricted supply of tender documents and resulting in lack of transparency in evaluation and acceptance of tenders.
In the Budget speech of the year 1997-98, it has also been announced that in order to prevent recurrence of such irregularities, it has been decided to bring about a legislation to provide for transparency in the tender processes and to regulate the procedure in inviting, processing and accepting tenders.
Hence the Bill.
(Obtained from L.C. Bill No. 12 of 1999.)
ಈ ಆದೇಶಕ್ಕೆ ಮಿಷನ್ ಅಂತ್ಯೋದಯ ಯೋಜನೆ ಎಂದು ಹೆಸರಿಟ್ಟು ,ಅಧಿಕಾರಿಗಳು ಈ ಯೋಜನೆಯನ್ನು ಅಗತ್ಯ ಜ್ಯಾರಿ ಮಾಡಿ ಬಡವರನ್ನು ಬಡತನದಿಂದ ಮುಕ್ತಗೊಳಿಸಿ ಶ್ರೀಮಂತರನ್ನಾಗಿ ಮಾಡಲು ಆರ್ಥಿಕ ಇಲಾಖೆಯಿಂದ ಸಂಭಂದಪಟ್ಟ ಅಧಿಕಾರಿಗಳ ಖಾತೆಗೆ ಕೋಟಿ ಕೋಟಿ ಹಣ ಬಿಡುಗಡೆ ಗೊಳಿಸಿದೆ ಎಂದು ತಿಳಿದು ಬಂದಿದೆ ಗ್ರಾಮ ಪಂಚಾಯತ್ ಗಳು ತನ್ನದೆ ಆದ ಅಭಿವೃದ್ಧಿ ಯೋಜನೆ ಸಿದ್ದಪಡಿಸುವ ಸಲುವಾಗಿ ಮಿಷನ್ ಅಂತ್ಯೋದಯ ಆಪ್ ಸಹಕಾರಿಯಾಗಿದ್ದು, ಇದನ್ನು ಡೌನ್ ಲೋಡ್ ಮಾಡಿ ಬಡವರುಸರಕಾರದ ಎ.ಪಿ.ಎಲ್. ಎಂಬ ಮಧ್ಯಮ ವರ್ಗದಕ್ಕೆ ಸೇರಿ ಶ್ರೀಮಂತರಾಗಬಹುದು
The beedi and cigar workers (conditions of employment) amendment act, 1993UllalNews
ಬೀಡಿ ಉಧ್ಯಮವನ್ನೇ ನಂಬಿರುವ ಸಂಸಾರಗಳು ಬೀದಿ ಪಾಲಾಗುವ ಸಾಧ್ಯತೆ ಇದೆ. ಆದಷ್ಟು ಬೇಗ ಸರಕಾರಕ್ಕೆ ಹತ್ತಿರ ಇರುವ ಜನರ ಸೇವಕ ಶಾಸನ ಸಭೆಗೆ ಆಯ್ಕೆ ಆದ ಜನಪ್ರತಿನಿದಿಗಳು ಕೂಡಲೇ ಸ್ಪಂದಿಸಬೇಕಾಗಿದೆ
ಜಾಲತಾಣಗಳಲ್ಲಿ ಭಿಕ್ಷೆ ಬೇಡಿ ಸ್ವಾಭಿಮಾನ ಕಳೆದುಕೊಳ್ಳಬೇಡಿ. ನಿಮ್ಮ ಆಯುಷ್ಯಕ್ಕಾಗಿ "ಅಯುಷ್ಮಾನ್ ಭಾರತ್ ಕಾರ್ಡ್ ಇದೆ.ನಿಮ್ಮ ಸೇವೆಗಾಗಿ ಪ್ರಮಾಣ ಮಾಡಿದ ಶಾಸಕರು,ಸಂಸದರು ನಿಮ್ಮ ಜೊತೆ ಇದ್ದಾರೆ.
ಮಂಗಳೂರು: ಖಾಸಗಿ ಶಾಲೆಗಳು ಆನ್ಲೈನ್ ಬೋಧನೆಯನ್ನು ನೆಪವಾಗಿ ಇಟ್ಟುಕೊಂಡು ಅಸಹಾಯಕ ಪೋಷಕರಿಂದ ಶುಲ್ಕ ಪಡೆಯುವಂತಿಲ್ಲ ಹಾಗೂ 2019-20 ನೇ ಸಾಲಿನ ದಾಖಲಾತಿ ಪ್ರಕ್ರಿಯೆ ಮತ್ತು ಶುಲ್ಕ ವಸೂಲಾತಿಯನ್ನು ಸರಕಾರದ ಆದೇಶ ಬರುವವರೆಗೆ ಪಡೆಯುವಂತಿಲ್ಲ ಎಂದು ಎ.17 ರಂದು ಪ್ರಾಥಮಿಕ ಮತ್ತು ಪ್ರೌಢಶಿಕ್ಷಣ ಸಚಿವರು ನಡೆಸಿದ ಸಭೆಯಲ್ಲಿ ತೀರ್ಮಾನಿಸಲಾಗಿದೆ. ಒಂದು ವೇಳೆ ಪಡೆಯಲು ಮುಂದಾದಲ್ಲಿ ಸರ್ಕಾರದ ಆದೇಶ ಖಂಡಿಕೆ(7) ಮತ್ತು ಸಾಂಕ್ರಾಮಿಕ ರೋಗಗಳ ಅಧಿನಿಯಮ 1897ರ ಸೆಕ್ಷನ್ 3 ರಂತೆ ಪ್ರಕರಣ ದಾಖಲಿಸಿ ಕಾನೂನು ಕ್ರಮಕೈಗೊಳ್ಳುವುದರ ಜೊತೆಗೆ ಶಾಲೆಯ ಅನುಮತಿಯನ್ನೇ ರದ್ದುಗೊಳಿಸುವ ಆದೇಶದ ಸುತ್ತೋಲೆ ಬಿಡುಗಡೆಗೊಳಿಸಿದೆ.
ಈಗಾಗಲೇ ಕೊರೊನಾ ಲಾಕ್ಡೌನ್ನಿಂದ ಪೋಷಕರು ಕೆಲಸ, ವಹಿವಾಟುಗಳನ್ನು ಕಳೆದುಕೊಂಡು ಕಂಗೆಟ್ಟು ಹೋಗಿದ್ದಾರೆ. ಈ ನಡುವೆ ಖಾಸಗಿ ಶಿಕ್ಷಣ ಸಂಸ್ಥೆಗಳು ಶಿಕ್ಷಣದ ಹೆಸರಿನಲ್ಲಿ ನಡೆಸುತ್ತಿರುವ ವ್ಯವಹಾರವನ್ನು ಮುಂದುವರಿಸಲು ಮುಂದಾಗಿದ್ದಾರೆ. ರಾಜ್ಯಾದ್ಯಂತ ಹಲವು ಶಿಕ್ಷಣ ಸಂಸ್ಥೆಗಳು ಈಗಾಗಲೇ ವಿದ್ಯಾರ್ಥಿಗಳ ಪೋಷಕರನ್ನು ಸಂಪರ್ಕಿಸಿ, ಶಾಲಾ ಯುನಿಫಾರಂ, ಬುಕ್ಸ್ ಅಲ್ಲದೆ ಆನ್ಲೈನ್ ಪಾಠದ ಶುಲ್ಕ ಅನ್ನುವ ನೆಪಗಳನ್ನು ಮುಂದಿಟ್ಟುಕೊಂಡು ಹಣ ಪಡೆಯಲು ಮುಂದಾಗುತ್ತಿದೆ. ಪೋಷಕರೇ ಇಂತಹ ಯಾವುದೇ ಕರೆ ಬಂದರೂ, ಶುಲ್ಕ ಪಾವತಿಸಲು ಒತ್ತಾಯಿಸಿದಲ್ಲಿ ಅಲ್ಲದೆ, ವಿದ್ಯಾರ್ಥಿಗಳಿಗೆ ಸೀಟು ಸಿಗುವುದಿಲ್ಲ ಅನ್ನುವ ಬ್ಲ್ಯಾಕ್ಮೇಲ್ ಕಾರ್ಯಕ್ಕೆ ಮುಂದಾದಲ್ಲಿ ನಿಮ್ಮ ಜನರ ಸೇವಕ ಶಾಸಕರನ್ನು ಸಂಪರ್ಕಿಸಿ. ಅವರಿಂದಲೂ ನ್ಯಾಯ ಸಿಗದ ಪಕ್ಷದಲ್ಲಿ ಜನಾಭಿಪ್ರಾಯದೊಂದಿಗೆ ನಮ್ಮ ಮಾಧ್ಯಮದ ಮೂಲಕ ಜಸ್ಟ್ ಕ್ಲಿಕ್ ಮೂಲಕ ನೇರವಾಗಿ ಒತ್ತಾಯಿಸಿ.
ಮಂಗಳೂರು: ಖಾಸಗಿ ಶಾಲೆಗಳು ಆನ್ಲೈನ್ ಬೋಧನೆಯನ್ನು ನೆಪವಾಗಿ ಇಟ್ಟುಕೊಂಡು ಅಸಹಾಯಕ ಪೋಷಕರಿಂದ ಶುಲ್ಕ ಪಡೆಯುವಂತಿಲ್ಲ ಹಾಗೂ 2019-20 ನೇ ಸಾಲಿನ ದಾಖಲಾತಿ ಪ್ರಕ್ರಿಯೆ ಮತ್ತು ಶುಲ್ಕ ವಸೂಲಾತಿಯನ್ನು ಸರಕಾರದ ಆದೇಶ ಬರುವವರೆಗೆ ಪಡೆಯುವಂತಿಲ್ಲ ಎಂದು ಎ.17 ರಂದು ಪ್ರಾಥಮಿಕ ಮತ್ತು ಪ್ರೌಢಶಿಕ್ಷಣ ಸಚಿವರು ನಡೆಸಿದ ಸಭೆಯಲ್ಲಿ ತೀರ್ಮಾನಿಸಲಾಗಿದೆ. ಒಂದು ವೇಳೆ ಪಡೆಯಲು ಮುಂದಾದಲ್ಲಿ ಸರ್ಕಾರದ ಆದೇಶ ಖಂಡಿಕೆ(7) ಮತ್ತು ಸಾಂಕ್ರಾಮಿಕ ರೋಗಗಳ ಅಧಿನಿಯಮ 1897ರ ಸೆಕ್ಷನ್ 3 ರಂತೆ ಪ್ರಕರಣ ದಾಖಲಿಸಿ ಕಾನೂನು ಕ್ರಮಕೈಗೊಳ್ಳುವುದರ ಜೊತೆಗೆ ಶಾಲೆಯ ಅನುಮತಿಯನ್ನೇ ರದ್ದುಗೊಳಿಸುವ ಆದೇಶದ ಸುತ್ತೋಲೆ ಬಿಡುಗಡೆಗೊಳಿಸಿದೆ.
ಈಗಾಗಲೇ ಕೊರೊನಾ ಲಾಕ್ಡೌನ್ನಿಂದ ಪೋಷಕರು ಕೆಲಸ, ವಹಿವಾಟುಗಳನ್ನು ಕಳೆದುಕೊಂಡು ಕಂಗೆಟ್ಟು ಹೋಗಿದ್ದಾರೆ. ಈ ನಡುವೆ ಖಾಸಗಿ ಶಿಕ್ಷಣ ಸಂಸ್ಥೆಗಳು ಶಿಕ್ಷಣದ ಹೆಸರಿನಲ್ಲಿ ನಡೆಸುತ್ತಿರುವ ವ್ಯವಹಾರವನ್ನು ಮುಂದುವರಿಸಲು ಮುಂದಾಗಿದ್ದಾರೆ. ರಾಜ್ಯಾದ್ಯಂತ ಹಲವು ಶಿಕ್ಷಣ ಸಂಸ್ಥೆಗಳು ಈಗಾಗಲೇ ವಿದ್ಯಾರ್ಥಿಗಳ ಪೋಷಕರನ್ನು ಸಂಪರ್ಕಿಸಿ, ಶಾಲಾ ಯುನಿಫಾರಂ, ಬುಕ್ಸ್ ಅಲ್ಲದೆ ಆನ್ಲೈನ್ ಪಾಠದ ಶುಲ್ಕ ಅನ್ನುವ ನೆಪಗಳನ್ನು ಮುಂದಿಟ್ಟುಕೊಂಡು ಹಣ ಪಡೆಯಲು ಮುಂದಾಗುತ್ತಿದೆ. ಪೋಷಕರೇ ಇಂತಹ ಯಾವುದೇ ಕರೆ ಬಂದರೂ, ಶುಲ್ಕ ಪಾವತಿಸಲು ಒತ್ತಾಯಿಸಿದಲ್ಲಿ ಅಲ್ಲದೆ, ವಿದ್ಯಾರ್ಥಿಗಳಿಗೆ ಸೀಟು ಸಿಗುವುದಿಲ್ಲ ಅನ್ನುವ ಬ್ಲ್ಯಾಕ್ಮೇಲ್ ಕಾರ್ಯಕ್ಕೆ ಮುಂದಾದಲ್ಲಿ ನಿಮ್ಮ ಜನರ ಸೇವಕ ಶಾಸಕರನ್ನು ಸಂಪರ್ಕಿಸಿ. ಅವರಿಂದಲೂ ನ್ಯಾಯ ಸಿಗದ ಪಕ್ಷದಲ್ಲಿ ಜನಾಭಿಪ್ರಾಯದೊಂದಿಗೆ ನಮ್ಮ ಮಾಧ್ಯಮದ ಮೂಲಕ ಜಸ್ಟ್ ಕ್ಲಿಕ್ ಮೂಲಕ ನೇರವಾಗಿ ಒತ್ತಾಯಿಸಿ.
Evaluation of the secondary and pre university education in karnataka 0UllalNews
1) The document evaluates secondary and pre-university education in Karnataka. It finds that while expansion has occurred, quality remains uneven and challenges remain around affordability, infrastructure, teacher staffing and retention rates.
2) A large private sector dominates at the secondary level, comprising 65% of schools. Distribution of public institutions is also uneven across the state.
3) The state lacks a clear policy to address issues like unviable schools, declining enrollment in government schools, infrastructure deficits, and teacher vacancies. The large expenditure on private aid also risks limiting development funds.
ಕಾಲೇಜು ತೆರೆಯಲು ಯಾ ಸ್ಥಳಾಂತರಿಸಲು ಸರಕಾರದ ನಿಯಮಾವಳಿ ಮತ್ತು ಸುತ್ತೋಲೆಯನ್ನು ಪಾಲಿಸುವುದ...UllalNews
ಇದೀಗ ಹರಿಪದವು ಬಳಿಯ ಬ್ಲೂಬೆರಿ ಹಿಲ್ಸ್ ನಲ್ಲಿ ಉದ್ಘಾಟನೆಗೊಂಡಿದೆ. ಆದರೆ ಶಾಲೆ, ಕಾಲೇಜು ಸ್ಥಳಾಂತರಗೊಳ್ಳಲು ಶಿಕ್ಷಣ ಇಲಾಖೆಯ ಸುತ್ತೋಲೆಗಳಲ್ಲಿರುವ ಕಾನೂನು ಪಾಲಿಸಲೇಬೇಕಾಗಿದೆ. ಇಲ್ಲದಿದ್ದಲ್ಲಿ ಶಿಕ್ಷಣ ಸಂಸ್ಥೆಯ ಅನುಮತಿ ರದ್ದುಗೊಳಿಸಿದಲ್ಲಿ ವಿದ್ಯಾರ್ಥಿಗಳ ಭವಿಷ್ಯವನ್ನೇ ತೂಗುಯ್ಯಾಲೆಯಲ್ಲಿ ಇರಿಸಿದಂತಾಗುವುದು ನಿಶ್ಚಿತ. ಆದರೆ ಅನುಮತಿಗೆ ಅರ್ಜಿ ಸಲ್ಲಿಸಿದ ತಕ್ಷಣ ಸರಕಾರದ ಯಾವುದೇ ಆದೇಶ ಪ್ರತಿಯಿಲ್ಲದೆ ಸಂಸ್ಥೆಯನ್ನು ಏಕಾಏಕಿ ಸ್ಥಳಾಂತರಗೊಳಿಸಲಾಗಿದೆ.ಕಾಲೇಜು ತೆರೆಯಲು ಯಾ ಸ್ಥಳಾಂತರಿಸಲು ಸರಕಾರದ ಮೂಲ ನಿಯಮಾವಳಿ ಮತ್ತು ಸುತ್ತೋಲೆಯನ್ನು ಪಾಲಿಸುವುದು ಅಧ್ಯ ಕರ್ತವ್ಯ.
ಬೀದಿ ನಾಯಿಗಳನ್ನು ಹಿಡಿದು ಕೋಟೆಕಾರು ಪಟ್ಟಣ ಪಂಚಾಯತ್ ಅಧಿಕಾರಿಗಳು ಮತ್ತು ಸದಸ್ಯರು ಸಾಕಲು ...UllalNews
This document outlines the proceedings of a Supreme Court of India case involving multiple petitions related to the implementation of laws regarding stray dogs. It notes submissions from various state governments and municipal corporations on their compliance with the laws. It also summarizes the relevant sections of the Prevention of Cruelty to Animals Act and Animal Birth Control Rules related to the obligations of local authorities and animal welfare organizations. The court acknowledges extreme views from both sides on how to balance animal welfare and human health/safety. It directs chief secretaries of states to ensure compliance with the laws on this issue.
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1. THE KARNATAKA PUBLIC MONEYS (RECOVERY OF DUES) ACT, 1979
ARRANGEMENT OF SECTIONS
Statement of Object and Reasons
Sections:
1. Short title and commencement
2. Definitions
3. Recovery of certain dues as arrears of land revenue
4. Savings
5. Power to make rules
6. Repeal and validation etc.
*****
STATEMENT OF OBJECTS AND REASONS
I
Act 16 of 1980.- To assist the commercial banks in their lending programmes
especially to those who are closely inter-linked with the objectives of the
Government, the Karnataka Public Moneys (Recovery of Dues) Act, 1976 was
enacted and it provided for recoveries of commercial banks loans as arrears of land
revenue in so far as these loan were given to schemes notified by Government as
"State Sponsored Schemes". The operation of this Act has revealed that there are
several other schemes which are considered by Government as "Socially desirable
schemes" in which there may not be any financial participation by the State
Government but they are vital to the fulfillment of the Government objectives and the
commercial banks will have to be encouraged to support those programmes with a
view to bringing about such a syncronisation, an amendment to this Act incorporating
the socially desirable schemes, their definition and components is necessary. When
the amendment Bill was referred to the Law Department for taking further action, it
observed that while enacting the Karnataka Public Moneys (Recovery of Dues) Act,
1976, the assent of the President of India was not obtained even though some of the
provisions of the said Act were repugnant to the existing Central law falling under
Entry 13 List III of the Seventh Schedule to the Constitution of India and that the
validity of the Act was being challenged in a court of law on that basis. To remedy
the defect, it has become necessary to promulgate a new Act with retrospective
effect with a provision to validate the action taken under the Public Moneys
(Recovery of Dues) Act, 1976.
Hence this Bill.
(Published in the Karnataka Gazette Part-IV-2A (Extraordinary), dated 16th May
1979, No.471, at page 8-9.)
II
Amending Act 48 of 1981.- To assist the commercial banks in their lending
programmes especially those which are closely inter-linked with the objective of the
Government, the Karnataka Public Moneys (Recovery of Dues) Act, 1979 was
enacted.
2. 2
While communicating the assent of the President to the said Legislation the
Ministry of Home Affairs Government of India suggested that the definition of the
'Banking Company' may be amended as now proposed in this Bill.
Hence the Bill.
(Pubished in the Karnataka Gazette Part-IV-2A (Extraordinary), dated 3rd
February 1981, No.103, at page 4.)
III
Amending Act 37 of 1985.- The Bill proposes to amend the Karnataka Public
Moneys (Recovery of Dues) Act 1979, for the following purposes:-
Clause 3.- to specify the future rate of interest to be recovered.
Hence the Bill.
(Published in the Karnataka Gazette Part-IV-2A (Extraordinary), dated 5th August
1985, No. 426, at page 2.)
* * * *
3. 3
KARNATAKA ACT No. 16 OF 1980
(First published in the Karnataka Gazette Extraordinary dated
Twenty fourth day of April, 1980)
THE KARNATAKA PUBLIC MONEYS (RECOVERY OF DUES) ACT, 1979
(Received the assent of the President on the Eighteenth
day of April, 1980)
(As Amended by Act 48 of 1981 and 37 of 1985)
An Act to provide for the speedy recovery of certain classes of dues.
WHEREAS it is expedient to provide for the speedy recovery of certain classes of
dues;
BE it enacted by the Karnataka State Legislature in the Thirty first Year of the
Republic of India as follows:-
1. Short title and commencement.- (1) This Act may be called the Karnataka
Public Moneys (Recovery of Dues) Act, 1979.
(2) Section 6 shall come into force at once. Other sections shall be deemed to
have come into force on the fifteenth day of June 1976.
2. Definitions.- In this Act, unless the context otherwise requires,-
1
[(a) "banking company" means,-
(i) a banking company as defined in the Banking Regulation Act, 1949
(Central Act 10 of 1949);
(ii) the State Bank of India constituted under the State Bank of India Act,
1955 (Central Act 23 of 1955);
(iii) a subsidiary bank as defined in the State Bank of India (Subsidiary
Banks) Act, 1959 (Central Act 38 of 1959);
(iv) a corresponding new bank constituted under the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1970 (Central Act 5 of 1970);
(v) a Regional Rural Bank constituted under the Regional Rural Banks Act,
1976 (Central Act 21 of 1976);
(vi) a corresponding new bank constituted under the Banking Companies
(Acquisition and Transfer of Undertakings) Act, 1980 (Central Act 40 of 1980);
(vii) the Agricultural Refinance and Development Corporation constituted
under the Agricultural Refinance and Development Corporation Act, 1963 (Central
Act 10 of 1963); and
(viii) the Agricultural Finance Corporation Limited, a company incorporated
under the Indian Companies Act, 1956 (Central Act 1 of 1956).]1
1. Substituted by Act 48 of 1981 w.e.f. 15.6.1976
(b) "Corporation" means the Karnataka State Financial Corporation constituted
under the State Financial Corporation Act, 1951 and includes any other corporation
owned or controlled by the Central Government or the State Government which the
State Government may, by notification, specify;
(c) "financial assistance" means any financial assistance,-
(i) for establishing, expanding, modernising, renovating or running any
industrial undertaking; or
(ii) for purposes of vocational training; or
4. 4
(iii) for the development of agriculture, horticulture, animal husbandry or
agro-industry; or
(iv) for purposes of any other kind of planned development; or
(v) for relief against distress;
(d) "Government company" means a Government Company as defined in section
617 of the Companies Act, 1956;
(e) "industrial concern" has the meaning assigned to it in the State Financial
Corporation Act, 1951 as amended from time to time;
(f) "Industrial undertaking" includes any undertaking for the manufacture,
preservation, storage or processing of goods, or mining, or the hotel industry or the
transport of passengers or goods, or the generation or distribution of electricity or any
other form of power, or for the development of any contiguous area of land as an
industrial estate;
Explanation.-The expression "processing of goods" includes any act of process
for producing, preparing or making an article by subjecting any material to a manual,
chemical, electrical or any other like operation.
(g) "person" includes a legal representative or an assignee;
(h) "State sponsored scheme" means a scheme sponsored by way of financial
assistance by the State Government under which the State Government either,-
(i) advances money to a banking company or a Government Company for
the purposes of disbursing loans, advances or grants or for the purposes of sale of
goods on credit or hire purchase;
(ii) guarantees or agrees to guarantee the repayment of a loan advance or
grant or the payment of the price of goods sold on credit or hire purchase;
(i) "socially desirable scheme" means a scheme notified as such by the State
Government under which a banking company advances money to any person by way
of loan.
3. Recovery of certain dues as arrears of land revenue.- (1) Where any
person is party,-
(A) to any agreement relating to a loan, advance or grant given to him or
relating to credit in respect of, or relating to hire-purchase of goods sold to
him by the State Government or the Corporation, by way of financial
assistance; or
(B) to any agreement relating to a loan, advance or grant to him or relating to
credit in respect of or relating to hire-purchase of, goods sold to him by a
banking company or a Government company, as the case may be, under a
State sponsored scheme; or
(C) to any agreement relating to a guarantee given by the State Government or
the Corporation in respect of a loan raised by an industrial concern; or
(D) to any agreement providing that any money payable thereunder to the
State Government shall be recoverable as arrears of land revenue;
and such person,-
(a) makes any default in payment of the loan or advance or any instalment
thereof; or
5. 5
(b) having become liable under the conditions of the grant to refund the
grant or any portion thereof, makes any default in the refund of such
grant or portion or any instalment thereof; or
(c) otherwise fails to comply with the terms of the agreement, then,-
(i) in the case of the State Government, such officer as the State
Government may by notification authorise in this behalf;
(ii) in the case of a Corporation or a Government Company, the
Managing Director thereof; and
(iii) in the case of banking company, the local agent thereof by whatever
name called,
may, send a certificate to the Deputy Commissioner, mentioning the sum due from
such persons and requesting that such sum together with the cost of the proceedings
and future interest at the 1
[agreed rate within the limits prescribed by the Reserve
Bank of India and other Government Financing or Re-financing institutions from time
to time]1
upto the date of recovery be recovered as if it were arrear of land revenue.
A certificate sent to the Deputy Commissioner may be withdrawn at any time.
1. Substituted by Act 37 of 1985 w.e.f. 21.10.1985
(2) The Deputy Commissioner on receiving the certificate shall proceed to
recover the amount stated therein as an arrear of land revenue.
(3) On an application made by a banking company and on its furnishing a
statement of accounts in respect of any sum due to it from any person in respect of a
loan given to him under a socially desirable scheme the prescribed officer may,
after making such enquiry as he deems fit, and after giving such person a reasonable
opportunity of being heard, grant a certificate specifying the sum due.
(4) A certificate so granted by the prescribed officer shall be final and may be
sent to the Deputy Commissioner by the banking company. The sum stated therein
to be due and interest thereon at the 1
[agreed rate within the limits prescribed by the
Reserve Bank of India and other Government Financing or Re-financing institutions
from time to time]1
upto the date of recovery together with the cost of the proceedings
shall be recoverable as an arrear of land revenue. A certificate sent to the Deputy
Commissioner may be withdrawn at any time .
1. Substituted by Act 37 of 1985 w.e.f. 21.10.1985
(5) No suit for the recovery of any sum due as aforesaid shall lie in a civil court
against any person referred to therein if proceedings to recover the same are
pending before the Deputy Commissioner:
Provided that in computing the period of limitation for the recovery of any such
sum through court, the period during which the filing of a suit in a court is barred shall
be excluded.
4. Savings.- (1) Nothing in section 3 shall,-
(a) affect any interest of the State Government, the Corporation, a
Government Company or any banking company, in any property, created by any
mortgage, charge, pledge or other encumbrance; or
(b) affect any right or remedy against any person other than a person
referred to in that section, in respect of a contract or indemnity or guarantee entered
into in relation to an agreement referred to in that section or in respect of any interest
referred to in clause (a).
6. 6
(2) Where the property of any person referred to in section 3 is subject to any
mortgage, charge, pledge or other encumbrance in favour of the State Government,
the Corporation, a Government Company or a Banking Company, then,-
(a) in every case of a pledge or hypothecation of goods, proceedings shall
first be taken for sale of the goods pledged or hypothecated and if the proceeds of
such sale are less than the sum due, then proceedings shall be taken for recovery of
the balance as if it were an arrear of land revenue:
Provided that where the State Government is of the opinion that it is necessary so
to do for safeguarding the recovery of the sum due to it or to the Corporation, a
Government Company or a Banking Company, as the case may be, it may for
reasons to be recorded direct proceedings to be taken for recovery of the sum due,
as if it were an arrear of land revenue before or at the same time the proceedings are
taken for sale of the goods pledged;
(b) in every case of a mortgage, charge or other encumbrance on immovable
property, such property or, as the case may be, the interest of the defaulter therein,
shall first be sold in proceedings for recovery of the sum due from that person as if it
were an arrear of land revenue, and any other proceedings may be taken thereafter
only if the Deputy Commissioner certifies that there is no prospect of realisation of
the entire sum due through the first mentioned process within a reasonable time.
5. Power to make rules.- (1) The State Government, may, after previous
publication, by notification, make rules to carry out the purposes of this Act.
(2) Every rule made under this section shall be laid, as soon as may be after it is
made, before each House of the State Legislature, while it is in session for a total
period of thirty days which may be comprised in one session or in two or more
successive sessions, and if, before the expiry of the session immediately following
the session or the successive sessions aforesaid, both Houses agree in making any
modification in the rule or both Houses agree that the rule should not be made, the
rule shall thereafter have effect only in such modified form or be of no effect, as the
case may be; so however, that any such modification or annulment shall be without
prejudice to the validity of anything previously done under that rule.
6. Repeal and validation, etc.-(1) The Karnataka Public Moneys (Recovery of
Dues) Act, 1976 (Karnataka Act No. 79 of 1976) is hereby repealed.
(2) Notwithstanding any judgement, decree or order of any court, anything done
or any action taken (including rules or orders made, notices or certificates issued and
proceedings initiated to recover any amount) or purported to have been done or
taken under the Karnataka Public Moneys (Recovery of Dues) Act, 1976 (hereinafter
referred to as the 1976 Act) shall be deemed to be as valid and effective as if such
thing or action was done or taken under the corresponding provisions of this Act,
which under sub-section (3) of section 1 shall be deemed to have come into force on
the 15th day of June, 1976, and accordingly no suit or other legal proceedings shall
be maintained or continued in any court questioning the validity of anything done or
any action taken or purported to have been done or taken under the 1976 Act on the
ground that the said Act is unconstitutional or void as it has not been reserved for the
assent of the President and assented to by the President.
* * * *