Repealing Act.
pratik
(Querist) 16 July 2010
This query is : Resolved
Meaning of Repeals.- Repeals. Rep. by the Repealing Act, 1927 (12 of 1927), s. 2 and Sch. If it is given under any act.
WHY Repealing Act, 1927 is written becasue i have not found any act like this under any site including the google.
Indain Sucession Act, 1925.
Setion 386. Validation of certain payments made in good faith to holder of invalid certificate.- Where a certificate under this Part has been superseded or is invalid by reason of the certificate having been revoked under section 383, or by reason of the grant of a certificate to a person named in an appellate order under section 384, or by reason of a certificate having been previously granted, or for any other cause, all payments made or dealings had, as regards debts and securities specified in the superseded or invalid certificate, to or with the holder of that certificate in ignorance of its supersession or invalidity, shall be held good against claims under any other certificate.
What do u mean by shall be held good against claims under any other certificate ?
Thanks In Advance.
anandhan
(Expert) 17 July 2010
The problem has been faced by me from WEIZMAN HOMES, ICICI and HDFC the so called ISO Certified Financial Companies. They go scot free after collecting high rate of Preclosures fines, Penalties and frequently chang Interest rates without the knowledge of its customers. Pious borrowers and correct payers and a Tax Consultnat like me have no time to argue leave as it is. We dont know what RBI and the Govt is doing.
It is kindly advised that all citizens should have correct Tax papers and should hold deposits and obtain Loans only from Nationalised Banks eventhough the procedure is late.
Thanking you.
Yours Sincerely.
C.Anandhan
email - anandhantaxcon@yahoo.co.in
pawan sharma
(Expert) 23 July 2010
Q. Meaning of Repeals: Omitted
The Repealing Act means an act by which the previous Act or Ordenance be deleted.
u can see it in AIR manual.
