Law shall mean any act,notification, bye law,rules and regulations, directive, ordinance, order or. By the end of 2007, sikkim had signed contracts with private and public. It is therefore necessary to amend chapter v of the act suitably. Advocates act, 1961 an act to amend and consolidate the law relating to legal practitioners and to provide for the constitution of the bar councils and an allindia bar. Registration of companies amendment act sikkim 2007. At the same time, companies incorporated under the companies act sikkim, 1961. Clause n of the said article provides that any enactment which is force in india may be extended to the sikkim by the president by public notification. Chapter 29, section 465 1 clearly states that the companies act, 1956 and the registration of companies sikkim act, 1961 shall stand.
This definition does not include a company registered. We need to inspect the documents of this company, from where we can do the same. Updating and uploading of all central acts available on this web page is the proprietary of the legislative department in the ministry of law and justice. The sikkim code, first edition, volume 1, sikkim acts 19751982. Keywords registration of companies, registration of companies act, sikkim, 1961.
However, section 465, which repeals the registration of companies sikkim act, 1961, was not notified. A part of the eastern himalaya, sikkim is notable for its biodiversity. Even after the repeal of the 1956 act takes effect in the manner aforesaid on a date appointed by the central government as. Negotiable instrument act1881 the bankersbooks evidence act1891 the reservebank of india act1934 the industrial finance corporation of india act1948 the banking companies legal practitioner clients accounts act1949 the industrial disputes banking and insurance companies act1949.
For extension of act to continental shelf of india, see notification no. Sub section 4 of section 1 of act of 20 lists out some exception regarding particular classes of companies. For details, see taxmanns master guide to incometax act. Act in so far as they relate to the repeal of the companies act, 1956 1 of 1956 that in except in so far as they relate to the repeal of the registration of companies sikkim act, 1961 sikkim act 8 of 19611 shall come into force. The delhi high court, on february 22, has made a landmark judgment that the income earned by a company incorporated in sikkim under the companies act of sikkim, is liable to pay income tax under the income tax act, 1961 for the income received by the company outside sikkim but within india prior to 1st april 1990. Company registered in sikkim comapanies registration act, 61.
Dear members their is a company registered under sikkim registration of companies act 1961. Indian company meaning jan 1, 2020 income tax act 1961 kewal garg as per section 226 of the income tax act, 1961, unless the context otherwise requires, the term indian company means a company formed and registered under the companies act, 1956 1 of 1956, and includes. Reforms act, 1961, before the act is brought into force. The karnataka land reforms act, 1961 laws of india. Section 4651 of the companies act, 20 provides that the companies act, 1956 and the registration of companies sikkim act, 1961 hereafter in this section referred to as the repealed enactments shall stand repealed. Sikkim is also located close to indias siliguri corridor near bangladesh. While implementing the act every year iti passed outs are sent to local industries for trade apprenticeship training and currently 09 apprentices of sikkim. The mysore maternity benefit act 1959 has been repealed and the maternity benefit act 1961 central act 53 of 1961 has been brought into force. This is in accordance with the assurances given by the minister of corporate affairs sachin pilot to the members of parliament from sikkim. Sikkim rules, 1994 sikkim payment of gratuity rules, 2002 1 the sikkim minimum wages rules,2005 2 the sikkim payment of wages rules,1992. Indian company meaning jan 1, 2020 income tax act 1961 kewal garg as per section 226 of the income tax act, 1961, unless the context otherwise requires, the term indian company means a company formed and registered under.
As per sec 1026aaa any income, which accrues or arises to a sikkimese individual from any source in the state of sikkim or by way of dividend or interest on securities, shall not be included in the total income of such individual reason for exem. It would thus appear that the sikkim bank limited is a company under the registration of companies act, sikkim, 1961 which is a law corresponding to the companies act, 1956. The definition of company under the income tax act, 1961 is given us 222a of the act. Companies registration of charges rules, 2014 division two s 79 companies act, 20 1102 income tax act with master guide to income tax act taxmann section page contents division one 1 incometax act, 1961 page u arrangement of sections i3 u text of the incometax act, 1961 as amended by the finance act, 2012 11 u appendix. Posted in chapter xxix ca20, companies act 20, governance and responsibility. Repeal of certain enactments and savings 1 the companies act, 1956 and the registration of companies sikkim act, 1961 hereafter in this section referred to as the repealed enactments shall stand repealed. Here we have listed the acts related to banking sector.
What is the reason behind granting an income tax exemption. Repeal of certain enactments and savings 1 the companies act, 1956 and the registration of companies sikkim act,1961 hereafter in this section referred to as the repealed enactments shall stand repealed. Out of government companies in sikkim, 11 are registered under the registration of companies act, sikkim 1961. Registration of companies, registration of companies act, sikkim, 1961. Apr 23, 2009 23 april 2009 one of my client having registered under sikkim companies registration act, 1961 have appointed us as their auditor. However until section 465 of the companies act 20 is notified,the repeal of the 1956 act and the registration of companies sikkim act 1961 will not take effect. Provided that the provisions of part ix a of the companies act, 1956 shall be applicable. J other local laws 1 the sikkim anti drugs act, 2006. For applicability of the act to state of sikkim, see section 26 of the finance act, 1989. The sikkim registration of companies amendment act, 1989. Nov 09, 2017 ix the registration of companies sikkim act, 1961 sikkim act 8 of 1961. Sikkim ceiling on government guarantees act, 2000 pdf sikkim children.
Police sikkim amendment act, 1980 registration of companies amendment act. Company registration in sikkim consultancy services. What is the reason behind granting an income tax exemption to. However, act of 20 is not made effective to sikkim as on 12 th september 20. An act to provide for the regulation and control of training of apprentices and for matters connected therewith. Jan 21, 2014 posted in chapter xxix ca20, companies act 20, governance and responsibility. The incometax act, 1961 43 of 1961 12607 th september, 1961 an act to consolidate and amend the law relating to incometax and supertax.
This pdf capsule contains all important state wise current affair events for banking,insurance, ssc, upsc and other competitive exams. It borders tibet in the north and northeast, bhutan in the east, nepal in the west, and west bengal in the south. Article 23 prohibition of traffic in human beings and forced labour. The types of companies which can be set up in sikkim with ours support are the private limited companies, one person companies, public limited companies, llp firms, partnership firms, unlimited. Explanation for all purposes, such company will be governed under the provisions of companies act, 1956 and this enlistment identification under this act is only for the purpose of maintaining records of companies registered under companies under companies act of 1956 operating in the state of sikkim. S27761 dated the 16d1 january, 1962, notification no. Sikkim subjects regulation 1961 as amended vide notification no. Tagged companies act 20, companies bill 2012, corpgov, corplaw, corporate governance, corporate law, india, legal reforms, ministry of corporate affairs, reforms, repeal, savings, the registration of companies sikkim act 1961. The updating and uploading of rules, regulations, notifications, etc. Spicl has been registered under the companies registration act 1961 of sikkim and not under the companies act 1956 as applicable in india.
The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. For effective date for the applicability of the act in the state of sikkim, see notification. Jan 07, 2018 as per sec 1026aaa any income, which accrues or arises to a sikkimese individual from any source in the state of sikkim or by way of dividend or interest on securities, shall not be included in the total income of such individual reason for exem. Communication technology scheme in secondary and higher secondary schools in sikkim. Be it enacted by parliament in the twelfth year of the republic of india as follows. A company incorporated under sikkim companies act liable.
Central apprenticeship act, 1961 was extended to the state of sikkim on dt. The kerala land acquisition act 1961 complete act citation. The companies act, 1956 is all set to be replaced by the companies act 20 which was. The ministry of corporate affairs notified several sections of the companies act, 20, on 12th september.
An act to consolidate and amend the law relating to income tax 1 and super tax be it enacted by parliament in the twelfth year of the republic of india as follows. The accounts of these eight state government companies are audited by statutory auditors chartered. Code of civil procedure amendment act, 2002 denzong agricultural. Department means the department of tourism, government of sikkim. Ministry of skill development and entrepreneurship. Article 24 prohibition of employment of children in factories etc. An act to consolidate and amend the law relating to incometax and supertax. As such, sikkim bank limited which carries on the business of banking is a banking company to which the banking regulation act, 1949 applies. Registration of companies amendment act sikkim, 2007. Company registered under companies act of sikkim is to be. In which constitutional amendment act sikkim was made full.
Now in entire india, including the state of sikkim, the legal services for registration of companies are rendered as per the companies act of 20. The specific provision of article 371f of the constitution grants a special status to the state of sikkim. Effective provisions of companies act, 20 as on 12th september. The bidder shall have company registration certificate registered under companies act 1961. Mar 30, 2019 section 4651 of the companies act, 20 provides that the companies act, 1956 and the registration of companies sikkim act, 1961 hereafter in this section referred to as the repealed enactments shall stand repealed. Act of 20 is applicable to whole of india including sikkim and without any. Interestingly section 2 d of the said act states that such companies cannot conduct business in any other state except sikkim. For instance, in 2007, the sikkim state assembly introduced changes to the sikkim registration of companies act 1961 to ensure speedy industrialisation of the state and to attract more industries and companies to the state. The deposit insurance and credit guarantee corporation act1961dicgc the banking companies acquisition and transfer of undertakings act 1970 the regional rural banks act 1976. Companies act,1956 or the sikkim registration of companies act,1961 or a corporation, by a managing director, manager, managing agent or principal executive officer thereof, or in the case a department of the government or local authority by the executive officer, or officer in charge of such department of. Out of 12 government companies in sikkim, eight were registered under the registration of companies act, sikkim, 1961. Incometax act, 1961 43 of 1961 as amended by finance act, 2008 an act to consolidate and amend the law relating to incometax and supertax be it enacted by parliament in the twelfth year of the republic of india as follows. Act of 20 is applicable to whole of india including sikkim and without any exception to any state. S25265 dated the 26d1 july 1965 and notification no.
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