TaxTMI 
TaxTMI 
Definitions
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.... from a local authority or a foreign Government or any other foreign citizen, authority or person; (ii) any amount received as a loan from any banking company or from the State Bank of India or any of its subsidiary banks or from a banking institution notified by the Central Government under section 51 of the Banking Regulation Act, 1949 (10 of 1949), or a corresponding new bank as defined in clause (d) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970), or from a co-operative bank as defined in clause (b-ii) of section 2 of the Reserve Bank of India Act, 1934 (2 of 1934); (i....
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....surance Corporation of India ^[2][and its subsidiaries, namely, the National Insurance Company Limited, the New India Assurance Company Limited, the Oriental Fire and General Insurance Company Limited and the United Fire and General Insurance Company Limited"] or from the Gujarat Industrial Investment Corporation Limited or from any financial company wholly owned by the Central Government or State Government ^[3][or from the Oil Industry Development Board ^[4][or Housing Development Finance Corporation Limited,] or from any other financial company or public financial institution which may be notified by the Central Government in this behalf in consultation with the Reserve Bank of India;] &....
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....director, relative of a director or member, as the case may be, from whom money is received, furnishes to the company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of funds acquired by him by borrowing or accepting from others;] ^16[(x) any amount raised by the issue of bonds or debentures secured by the mortgage of any fixed assets referred to in Schedule VI of the Act excluding intangible assets of the company or with an option to convert them into shares in the company: Provided that in the case of such bonds or debentures secured by the mortgage of any fixed assets referred to in Schedule VI of the Act excluding intangible assets the amount of such bonds ....
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.... of 1959); (d) a nationalised bank, that is to say, a corresponding new bank as defined in section 2 of:- (i) the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970); or (ii) the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980); (e) the General Insurance Corporation of India established in pursuance of the provisions of section 9 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972); (f) the Industrial Reconstruction Corporation of India;^[11] or &nb....
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....- Notes:- [1] Substituted by the Companies (Acceptance of Deposits) Amendment Rules, 1978, w.e.f. 1-4-1978 vide GSR 201(E), dated 30-3-1978. [2] Inserted by the Companies (Acceptance of Deposits) Fourth Amendment Rules, 1980 w.e.f. 18-7-1980 vide GSR 435(E), dated 18-7-1980. [3] Substituted by the Companies (Acceptance of Deposits) Fifth Amendment Rules, 1978 w.e.f. 21-12-1978 vide GSR 586(E), dated 21-12-1978. [4] Inserted by the Companies (Acceptance of Deposits) Fifth Amendment Rules, 1980 w.e.f. 24-9-1980 vide GSR 546(E), dated 24-9-1980. [5] Substituted by the Companies (Acceptance of Deposits) Amendment Rules, 1980 w.e.f. 1-4-1981 vide GSR 109(E), dated 21-3-1980. [6] Omitted by the Companies (Acceptance of Deposi....