Definition of Business Business means all economic activities which is done for the motive of earning.

In these activities, we can include production, manufacturing, purchasing and selling and other market promotion activities. Commerce, trade and aids to trades and enterprise are also included in business. 2 truthful facts about business:1. Richest person of the world = Bill Gates Net worth in USD = $ 40.0 billion Business = Microsoft 2. Oldest company is Kongo Gumi of Japan in the world and its business is construction . This company started his business in 578 in company form. Concepts of Business Environment There two concept of business:1st Economic concept of business This is oldest concept of business and according to this concept; main aim of business is to earn profit and never to do any other work. Under this concept, every legal and illegal and scams and fraud are the necessary for doing highest profit from business. Because in old time, there is no competition and trend to earn money is by any way. But now this concept is totally failed and bear a new concept which is successful in world business market. 2nd Social concept of business:According to this concept, business¶s all activities are done for making stable customers and make them satisfied. Now, all business organization is understood this point and making social networking for promoting business. Even all big business organization is communicating with general public by the way of twitter and face book and linkedin (35 million registered business profiles). Objective of business There are also two main objectives 1st objective i) to earn profit ii) to growth iii) to innovation 2nd objective of business i) to satisfaction of employees Employees are main asset of business and it is the main object of business to satisfy its employee by providing them fair salary and other incentives because , without this business can not operate well and from time to time development of employee of business is the main need of business . ii) to satisfaction of customers It is also aim or objective of business to satisfy its customers and it should do the work for their welfare. This welfare may by possible by providing product at low cost and high quality. A stable customer can provide stable amount of sale and contribute in the stable growth rate of business. iii) to satisfaction of investors :Investors are those persons who invest their money in business and it is the main aim of business to provide them high rate of return and make them satisfied because, if there are satisfied, they will not sell company¶s share at low price and financial crisis will not be faced by businessman. iv) other social responsibility :To obey all other responsibility of society is also main objective of business and in this responsibility we can include protection of environment. We are seeing that business are becoming restriction in the way of environment protection but , because of business also

dependent on environment and all raw material comes from environment , then it is the duty of businessman to protect environment by growing plantation in their business plants and also starting new programme for protection of environment . What is business environment? Definition of Business Environment Business Environment may be define as all external and internal factors which affects the activities of business. In these factors we can include customers, suppliers, and employees, Govt., Economy and Competitors. Explanation of Business Environment One can explain business environment with physical environment of nature . When we see nature , we find many things air , water , sun , moon and so many other things . They create environment . Nature is effected from these factors from time to time and shows his presentation in the form of raining , season and other variations . Same thing happens in business . Business is also affected from its environment . Suppose , If Govt. increases service tax rate or VAT rate . At this time , business has also to increase the price of his products . There is not just a single factor are affecting business but large number of factors affect business . Elements or factors of Business Environment Micro business Environment: This is also known as internal business environment because business has power to control them. In this environment, factors can be divided with following way. 1st Supplier A supplier provides raw material to business. This is also main factor of business environment because, it affects business very closely. If supplier delay to supply raw material or stop to supply. At this time production of business can be stopped due to not getting raw material. So, for controlling this factor, it is the duty of businessman to make good relation with more than one supplier so that, if one stop or delay at this time, goods can be purchased from other supplier. 2nd Customers Customers are those people or companies which buy goods from our business. Business sells them his finished product. But time to time tastes of customers also change. So, according to the taste of business customers, new products must be supplied by business. That is the formula for living long life of business. 3rd Market Intermediaries For promoting sale, it is required to ads by different way, so market intermediaries include sales man and middle man. This environment is under control of business because, if business starts selling with more ads, his selling will surely increase. 4th Competitors Competitors of business also create internal business environment. According to competitors, policies, business changes his policies for winning in competition. 5th Financial Intermediaries As business grows, it needs more money for his growth; either this money can be gotten by issuing new shares or by borrowing money from financial intermediaries. So, financial intermediaries plays a vital role in business environment. If they provides loan at very low rate, at that time business can get and grow fastly but, if they increase in interest rate, at that time business will not get at this rate and its growth may decrease due to lack of fund. Macro Business Environment or External Factors of Business Environment 1. Economical Environment

Economic environment is main element of business environment. Economy is factor which affects business with following way A) Economic policies Economic policies related to budget , industrial policy , fiscal policy , export and import policy and business should see what changes are done in these and business has to changes their business policies according to these changes . B) Economic regulation Different laws and regulations are at international level and national level . These are all called economic regulation and business has to respect all of these while it is operating business . 2. Natural Environment Natural environment is also external factor of business . Because , business can not fully control on natural environment . Many points like season , raining , floods , earth quake are natural and happens according to fluctuation in it . These are also main element of business because business has to face all these factors . But some of loss from these factors can be transferred with effective schemes of insurance . 3. Demo ± graphic Factors Size of population and their growth rate includes in demo graphic element and factor of business environment. Increasing trend of population will increase demand of products and support business to produce more products. But if death rate is increasing or demo graphic factor like religion are preventing to use the products of business. At that time business has to change their business or make other plans according to situation. 4. Technological Environment This is fully concerned with changing of technology and its effect on product . Many technical products are fastly changed by coming new technology .At that time business also have to cover new products according to changes in technology . 5. Political Environment Political environment is composition of three factors which are following a) legislature b) executive c) judiciary All above factor affects business and business has to make rules and regulation according to Govt. and political rules and regulation. 6. International Environment International environment includes WTO, IMF, WB, SARC and G20 meetings and their rules and regulations can effect on any type of business. Business has to exist in world market, and then it should understand their effect and take action according to these rules and regulation. Definition of Economic Environment Economic environment is very important factor of business. It means any environment which becomes from economic system, economic planning and economic policies. Main motive of this environment is to effective utilization of resources. From above definition we get three factor that are : 1. Economic system Economy works always in any system There are main three economic systems; any country can adopt any system for making economic planning and economic policy. a) capitalistic economy In this economy all powers are in private hands, they are free to choose any business and also invest money in any type of business. Govt. just cares the security of country and life of people but it does not disturb to anyone on the basis of business. This economy is in USA.

b) Socialistic economy This economy is basically in poor and developing countries and main motive of this economy is to welfare of people and develop the economy. In this economy all businesses are under fully control of govt. and nobody can operate any business freely. Govt. makes rules and regulation for operating business and also appoints authorities for operating it. Because, all powers are in the hand of govt., so there are huge chances of corruption in govt. departments. c) Mixed economy : Any country in which both capitalistic and socialistic economy works, and after mixing of both economy, the new economy will comes in our eyes that is called mixed economy. In this economy govt. fixes some sector which are reserves only for govt. investment and no private person can do that business. India is the good example of mixed economy. 2. Economic policies An economic policy means any policy which is related to fund of nation and its utilization. It also includes fiscal policy and budget of nation. 3. Economic planning For equal distribution of money and wealth, it is very necessary to make economic plans of development in socialistic economy. These plans are known as economic plans. calculate the value of Share Value of share means that price of share which can be sold in the market. If a company¶s shares are not quoted in stock exchange , then there is need to calculate value of share There are also following situation for valuation of share :Ist Situation : When debentures or pref. Shares are converted into shares at that time it is necessary to calculate value of share. 2nd Situation : When shares are given as a gift, at that time also need to calculate value of share for paying gift tax. Gift tax is calculated on the total value of Shares . 3rd Situation : When loan is given on security of shares at that time calculation the value of shares is done by accountant. Method of valuation of Share There are two method of valuation of shares. ‡Net Asset method Under this method, value of share is equal to net assets. So, we first calculate net assets Net assets = total tangible assets ± total liabilities (Including pref. share capital) + Goodwill Value of Share = Net Assets / No. of Shares For example Suppose total tangible assets are RS. 100000, Goodwill Rs. 10000, pref. share capital Rs. 20000 ,Other liabilities = RS. 40000 , Equity shares capital is Rs. 60000 of 10000 shares. Calculate the value of shares Net Asset = 100000 ± 20000 -40000 + 10000 = 50000 Value of Shares = 50000 / 10000 = Rs. 5 2. Earning Capacity Method Under this method, value of share is equal to the proportion of expected earning and normal earning of paid up value of

2. Main features of Holding Company 1. Suppose average profit is Rs 20000 and taxation is 2000. H is holding company of S because 51 % shares are of H in S. Normal rate of earning is 10 % of total profit before tax.shares. share dividend is Rs.90 What is the Holding Company ? Definition of Holding Company " Any company who controls other company is called holding company. 500 and pref. then that company will be holding company :If any company has 51 % shares of other company. 3. We know. 16. Or If any company has power to appoint board of directors of other company. Organizations . Or Main holding company also will the holding company of all subsidiaries¶ subsidiary companies.9 % Value of Share = 16. Holding Company provides the power to work independently to subsidiary company. Holding company can also deal with subsidiary company and it is also recorded in both books . 600. Because relationship of holding and subsidiary company is not amalgamation or merge but both company joins for cutting the cost of competition and getting the benefits of monopoly. S is also of holding Company of R because S have power to appoint the board of directors of R Company and then H is also holding Company of R. it is required to attach the copy of final accounts of subsidiary company with the annual report of holding company . Value of Share = Expected earning rate / Normal earning rate X Paid up Value of Shares Notes Expected Earning Rate = Expected profit / total equity share capital X 100 Expected profit = Average annual profit ± taxation ± reserve ± pref. we first calculate expected profit rate Expected profit = 20000 -2000-500-600 = 16900 Expected profit rate = 16900 / 100000 X 100 = 16. reserve is Rs. then this company becomes holding company of other. then this company becomes holding company of other company.9 / 10 X 10 = Rs. " In other words. if any company has any one power from following three powers. Under Company act of India 1956 . dividend For example Calculate the value of share with earning capacity method. Explanation with Example Suppose. if company has issued 10000 shares @ 10 each and fully paid up.

USA. 2. Bank has own 20 billion dollar paid up capital. 4. of member countries reached up to . board of directors send this proposal to board of governors with supported all documents and subscription and quota amount as per the terms of membership .Determine the value of currency of member countries. UK. commission and administration charges. All work is done by its board of directors which is made by board of governors. Bank provides loan but before providing loan it sees the project and after accepting project. Every country¶s finance minister is as the governor from his respective country. its other name is international bank of reconstruction and development (IBRD). of directors are 20. So. In this meeting they wanted to make international trade organisation but all countries could not agree on its terms but 1948 .To make plan for increasing per capita income of member countries. Eligibility for membership in IMF Any country can become the member of IMF but for getting eligibility the following procedure is adopted by IMF.Provide loan to the members for removing unfavorable balance of payment. Germany and India are quota country and one member is taken in board of directors and other from non quota countries. World bank or IBRD World Bank is international financial institution for reconstruction and development of member countries. It established in 1946 after bretton wood meeting. developed countries participated in bretton woods meeting . the loan is given under strict terms and conditions of World Bank.What is IMF ? IMF is UNO recognized international monetary fund or reserve which helps its members.Latest objective in IMF is that it will support 3 trillion dollars under his budget for decreasing the pressure of 2000 recession. 6.Determine the economic policies¶ main contents of member¶s countries. One is quota and other is non quota.To collect money from member countries in the form of fun or reserves. There are two type directors in board of directors of IMF. 5. This bank provides long term loan to its members and all work is done by executive directors which is nominated by shareholders of member countries and board of governors. they had made a general agreement for tariffs and trade after signing GATT in 1947 by 23 countries including India. Now no. Total no. 3. It has 185 members across the all nations but soviet Russia and its member are not linked with IMF. This bank is established in 1944 after bretton woods meeting of 20 major countries. In which includes the interest on loan. Objective and functions of IMF 1. First of all membership is accepted by board of directors after accepting membership . GATT and its functions and policies In 1944 .

WTO has made some rules for prohibiting piracy in intellectual property rights . Steps for preparing consolidated balance Sheet of the holding company and its subsidiary company. it is compulsory to all member countries to reduce 24 % to 30 % tariffs with in 6 to 10 years . All countries will have to accept these trips .No quantitative restrictions 3. 4. one copy of profit and loss account and one copy of audit report of subsidiary company with his final accounts . 1st Step . often holding company prepare consolidated balance sheet.184 . Reduction the subsidy to domestic trade For more smooth competition . 3. Functions and policies of WTO 1. Objectives and functions of GATT 1.Development in international trade Policies of GATT 1. It is easy to understand that consolidated balance sheet is a balance sheet in which all the assets and liabilities of holding company and subsidiary company are added with each other but practically. Main objective of making WTO is to reduce restrictions in international trade with more globalisation and liberalisation policy. WTO has made rule to reduce the amount of subsidy or other assistance which is given by govt. Reduction of the rate of Tariffs : Tariffs means tax on imported goods . For developing international trade .Non discrimination policy 2. But for showing true financial position. It is an international organisation which established after conversion of GATT in 1995 . it is tough to make consolidated balance sheet of holding and subsidiary company. to their domestic industry .Reduce tax problems 1. all GATT members included in WTO . In that meeting leaders of developed countries wanted to make international trade organisation but they accepted only GATT's policies in 1948 . Other GATT rules Some of GATT rules will still apply repare Consolidated Balance Sheet of Holding Company Under Indian Company Act . TRIPS Trips means trade and intellectual property rights . After Uruguay discussion .Reduce international restriction 2. 2. when bretton woods conference was completed . In 1944 .Opinions WTO and its functions and policies Full form of WTO is world trade organisation . there is no need to prepare combined or consolidated final accounts of holding and subsidiary company in the books of holding company but holding company attaches the copy of balance sheet .

Add all the assets of subsidiary company with the assets of holding company. But Investment of holding company in Subsidiary company will not shown in consolidated balance sheet because. So. it is the duty of accountant to show minority interest in the liability side of consolidated balance sheet. Minority interest is the shareholder but there is not holding company¶s shareholder. 3rd Step Calculate of Minority Interest First of all we should know what minority interest is. investment in subsidiary company will automatically adjust with the amount of share capital of subsidiary company in holding company. We can calculate minority interest with following formula Total share capital of Subsidiary company = XXXXX Less Investment of Holding company in to subsidiary company = . Because.XXXXX -----------------------------------------------------------------------------Value of Minority Interest XXXXX ------------------------------------------------------------------------------4th Step Calculate cost of capital / Goodwill or Capital Reserve If holding company purchases shares of subsidiary company at premium. 2nd step Add all the liabilities of subsidiary company with the liabilities of holding company.XXXX Value of profit X minority interest¶s value of shares in subsidiary company / total share capital of subsidiary . But Share capital of subsidiary company in holding company will not shown in the consolidated balance sheet in the books of holding company. then this value of discount will be capital reserve and show in the liability side of consolidated balance sheet. then the value of premium will be deemed as goodwill or cost of capital and shows as goodwill on the assets side of consolidated balance sheet. 5th Step Treatment of Pre ± Acquisition of reserve and profit Pre ± acquisition profit and reserve of subsidiary company will be shown as capital reserve in consolidated balance sheet but the value of minority interest¶s profit or reserves deducts from it and add in minority interest value.XXXX -----------------------------------------------------------------------Add proportionate share of the subsidiary companyµs profit and Reserves or increase in the value of assets + XXXX ----------------------------------------------------------------------------Less proportionate share of the subsidiary company¶s loss and decrease In the value of total assets of company . Total profit before acquisition of subsidiary company = XXXX Less share of minority interest . But if holding company purchases the shares of subsidiary company at discount. when holding company shows consolidated balance sheet. this share capital automatically adjust with the amount of the investment of holding company in to subsidiary company .

Suppose Closing stock of H 50000 Closing stock of S 50000 _________________________ 100000 Less stock reserve 2000 ---------------------------------98000 ---------------------------------If subsidiary company has also other outsider¶s shares then holding company makes reserve up to his shares proportion. Value of bill payable or bill receivable of holding company on subsidiary company will also not shown but if some bills value is discounted from third party then either of both company¶s payable value shown as liability in the consolidated balance sheet . 8th Step Treatment of Unrealized profit If subsidiary company sells the goods to holding company or holding company sells the goods to subsidiary company at profit and if such goods will not sold in third party . 9th Step Treatment of Dividends . goods sold and goods purchase on credit and the value of debtor or creditor either subsidiary company or holding company will not shown in consolidated balance sheet 2. so such unrealized profit will not credited to profit and loss account . At this time a stock reserve account is opened and all amounts of unrealized profit transfers to this account and this accounts total amount is deducted from closing stock of consolidated balance sheet. profit of subsidiary company will also deem of holding company and it include in the profit of holding company and we also separate the part of profit of minority interest and add in minority interest¶s value and shown in liability side . _____________________________________________________ Pre ± acquisition profit and reserve shown as capital reserve XXX -------------------------------------------------------------------------------------6th Step Calculate post acquisition profits After the date of purchasing the shares of subsidiary company . 7th Step Elimination of common transactions All common transaction between holding company and subsidiary company will not show in the consolidated balance. There following common transaction 1. then the profit will not realized .company.

Indian companies act 1956 7.If holding company gets the dividends from subsidiary company. 1836±1850 Name of the Act Year Act No. Small and Medium Enterprises Development Act. if subsidiary company has declared the profit out of revenue gains. Consumer protection act 1986 11. Indian income tax act 961 12. Bengal Indigo Contracts Act 1836 10 Bengal Districts Act 1836 21 Madras Public Property Malversation Act 1837 36 Bengal Bonded Warehouse Association Act 1838 5 Coasting Vessels Act 1838 19 Madras Rent and Revenue Sales Act 1839 7 Bengal Land Revenue Sales Act 1841 12 Revenue. Bombay 1842 13 Revenue Commissioners. Indian contract act 1872 2. Minimum wages act 1948 6. then this will divide into two parts. nvironment of business in India and List of Different Indian Acts which affect business Legal environment of business means all factors relating to laws and legal orders which affect business and its working. and the Parliament of India after 1947. then this will add in capital reserves in consolidated balance sheet. then this dividend will add in general profit and loss account and will shown in the liability side of consolidated balance sheet. Security exchange board of India act 1992 14. Indian partnership act 1932 4. Commissions for Protection of Child Rights Act. competition act 2002 18. Business must be operated under the rules and regulation of different laws of India. But. Bombay 1842 17 Sales of Land for Revenue Arrears 1845 1 Boundary-marks. 1. Bombay 1846 3 . Banking regulation act 1949 15. If subsidiary company declare dividend out of capital profits. Information technology act 2000 17.2006 20. Industrial dispute Act 1947 5. Micro. Foreign exchange regulation act (FERA ) 1973 8. The following is the list of main laws which affect business. Central excise act 1944 13. Indian sale of goods act 1930 3.2005 List of Indian Federal Legislation The following is a comprehensive list of Acts passed by the British (or by Indians in the Imperial Legislative Council) between 1836 and 1947. Foreign exchange management act 1999 9. Monopolies and restrictive trade practice act 1969 10. right to information act 2005 19. Chartered accountant act 1949 16.

Boundaries 1847 1 Bengal Alluvion and Diluvion Act 1847 9 Bengal Land Holders' Attendance Act 1848 20 Madras Revenue Commissioner Act 1849 10 Public Accountants' Defaults Act 1850 12 Judicial Officers Protection Act 1850 18 Caste Disabilities Removal Act 1850 21 Calcutta Land-revenue Act 1850 23 Forfeited Deposits Act 1850 25 Improvements in Towns 1850 26 Public Servants (Inquiries) Act 1850 37 1851±1875 Name of the Act Year Act No. Indian Tolls Act 1851 8 Madras City Land Revenue Act 1851 12 Sheriffs' Fees Act 1852 8 Bombay Rent-free Estates Act 1852 11 Rent Recovery Act 1853 6 Shore Nuisances (Bombay and Kolaba) Act 1853 11 Bengal Bonded Warehouse Association Act 1854 5 Police. Agra 1854 16 Legal Representatives' Suits Act 1855 12 Fatal Accidents Act 1855 13 Usury Laws Repeal Act 1855 28 Bengal Embankment Act 1855 32 Sonthal Parganas Act 1855 37 Indian Bills of Lading Act 1856 9 Calcutta Land-revenue Act 1856 18 Bengal Chaukidari Act 1856 20 Tobacco Duty (Town of Bombay) Act 1857 4 Oriental Gas Company 1857 5 Madras Uncovenated Officers' Act 1857 7 Sonthal Parganas Act 1857 10 Howrah Offences Act 1857 21 Madras Compulsory Labour Act 1858 1 Bengal Ghatwali Lands Act 1859 5 Bengal Rent Act 1859 10 Bengal Land Revenue Sales Act 1859 11 Calcutta Pilots Act 1859 12 Madras District Police Act 1859 24 Societies Registration Act 1860 21 Indian Penal Code 1860 45 Indian Police Act 1861 5 Stage-Carriages Act 1861 16 Government Seal Act 1862 3 Excise (Spirits) Act 1863 16 Partition of Revenue-paying Estates 1863 19 Religious Endowments Act 1863 20 Waste-Lands (Claims) Act 1863 23 Indian Tolls Act 1864 15 Carriers Act 1865 3 Converts¶ Marriage Dissolution Act 1866 21 .

Oudh Sub-settlement Act 1866 26 Ganges Tolls 1867 1 Public Gambling Act 1867 3 Oriental Gas Company 1867 11 Sarais Act 1867 22 Press and Registration of Books Act 1867 25 Oudh Estates Act 1869 1 Indian Divorce Act 1869 4 Bombay Civil Courts Act 1869 14 Court-fees Act 1870 7 Oudh Taluqdars' Relief Act 1870 24 Cattle-trespass Act 1871 1 Coroners Act 1871 4 Dehra Dun 1871 21 Pensions Act 1871 23 Indian Evidence Act 1872 1 Punjab Laws Act 1872 4 Indian Contract Act 1872 9 Indian Christian Marriage Act 1872 15 Madras Civil Courts Act 1873 3 Government Savings Banks Act 1873 5 Northern India Canal and Drainage Act 1873 8 North-Eastern Provinces Village and Road Police Act 1873 16 Married Women's Property Act 1874 3 Foreign Recruiting Act 1874 4 Laws Local Extent Act 1874 15 Majority Act 1875 9 Indian Law Reports Act 1875 18 Central Provinces Laws Act 1875 20 1876±1900 Name of the Act Year Act No. Chota Nagpur Encumbered Estates Act 1876 6 Bombay Revenue Jurisdiction Act 1876 10 Bombay Municipal Debentures Act 1876 15 Oudh Laws Act 1876 18 Dramatic Performances Act 1876 19 Broach and Kaira Incumbered Estates Act 1878 6 Northern India Ferries Act 1878 17 Elephants' Preservation Act 1879 6 Hackney-carriage Act 1879 14 Dekkhan Agriculturists Relief Act 1879 17 Legal Practitioners Act 1879 18 Raipur and Khattra Laws Act 1879 19 Religious Societies Act 1880 1 Kazis Act 1880 12 Municipal Taxation Act 1881 11 Fort William Act 1881 13 Obstructions in Fairways Act 1881 16 Central Provinces Land-revenue Act 1881 18 Negotiable Instruments Indian Trusts Act 1882 2 Transfer of Property Act 1882 4 .

Indian Easements Act 1882 5 Powers-of-Attorney Act 1882 7 Presidency Small Cause Courts Act 1882 15 Madras Forest (Validation) Act 1882 21 Bikrama Singh's Estates Act 1883 10 Land Improvement Loans Act 1883 19 Punjab District Boards Act 1883 20 Explosives Act 1884 4 Agriculturists' Loans Act 1884 12 Bengal Tenancy Act 1885 8 Indian Telegraph Act 1885 13 Land Acquisition (Mines) Act 1885 18 Mirzapur Stone Mahal Act 1886 5 Births. Deaths and Marriages Registration Act 1886 6 Indian Tramways Act 1886 11 Oudh Wasikas Act 1886 21 Suits Valuation Act 1887 7 Provincial Small Cause Courts Act 1887 9 Bengal. Agra and Assam Civil Courts Act 1887 12 Punjab Tenancy Act 1887 16 Punjab Land Revenue Act 1887 17 King of Oudh's Estate Act 1887 19 Indian Police Act 1888 3 Indian Reserve Forces Act 1888 4 Indian Tolls Act 1888 8 City of Bombay Municipal (Supplementary) Act 1888 12 King of Oudh's Estate Act 1888 14 Metal Tokens Act 1889 1 Revenue Recovery Act 1890 1 Charitable Endowments Act 1890 6 Guardians and Wards Act 1890 8 Excise (Malt Liquors) Act 1890 13 United Provinces Act 1890 20 Easements (Extending Act 5 of 1882) 1891 8 Murshidabad Act 1891 15 Colonial Courts of Admiralty (India) Act 1891 16 Bankers' Books Evidence Act 1891 18 Marriages Validation Act 1892 2 Bengal Military Police Act 1892 5 Madras City Civil Court Act 1892 7 Government Management of Private Estates Act 1892 10 Porahat Estate Act 1893 2 Partition Act 1893 4 Sir Dinshaw Maneckjee Petit 1893 6 Land Acquisition Act 1894 1 Prisons Act 1894 9 Government Grants Act 1895 15 Epidemic Diseases Act 1897 3 Indian Fisheries Act 1897 4 Amending Act 1897 5 Reformatory Schools Act 1897 8 General Clauses Act 1897 10 Indian Short Titles Act 1897 14 .

Bihar and Orissa and Assam Laws Act 1912 7 Wild Birds and Animals Protection Act 1912 8 Delhi Laws Act 1912 13 Official Trustees Act 1913 2 White Phosphorus Matches Prohibition Act 1913 5 Mussalman Wakf Validating Act 1913 6 Destructive Insects and Pests Act 1914 2 Local Authorities Loans Act 1914 9 Delhi Laws Act 1915 7 Sir Jamsetjee Jejeebhoy Baronetcy Act 1915 10 Banaras Hindu University Act 1915 16 Indian Medical Degrees Act 1916 7 Hindu Disposition of Property Act 1916 15 Inland Vessels Act 1917 1 Destruction of Records Act 1917 5 King of Oudh's Estate Validation Act 1917 12 Post Office Cash Certificates Act 1917 18 Cinematograph Act 1918 2 Usurious Loans Act 1918 10 .Lepers Act 1898 3 Indian Post Office Act 1898 6 Live-stock Importation Act 1898 9 Central Provinces Tenancy Act 1898 11 Indian Stamp Act 1899 2 Government Buildings Act 1899 4 Glanders and Farcy Act 1899 13 Church of Scotland Kirk Sessions Act 1899 23 Central Provinces Court of Wards Act 1899 24 Prisoners Act 1900 3 1901±1925 Name of the Act Year Act No. Indian Tolls (Army and Air Force) Act 1901 2 Amending Act 1901 11 Indian Tramways Act 1902 4 Amending Act 1903 1 Works of Defence Act 1903 7 Victoria Memorial Act 1903 10 Ancient Monuments Preservation Act 1904 7 Indian Railway Board Act 1905 4 Coinage Act 1906 3 Code of Civil Procedure 1908 5 Explosive Substances Act 1908 6 Central Provinces Financial Commissioner¶s Act 1908 13 Indian Criminal Law Amendment Act 1908 14 Indian Ports Act 1908 15 Registration Act 1908 16 Presidency-towns Insolvency Act 1909 3 Anand Marriage Act 1909 7 Dourine Act 1910 5 Indian Museum Act 1910 10 Prevention of Seditious Meetings Act 1911 10 Co-operative Societies Act 1912 2 Bengal.

Trade Unions Act 1926 16 Legal Practitioners (Fees) Act 1926 21 Indian Bar Councils Act 1926 38 Indian Forest Act 1927 16 Light House Act 1927 17 Hindu Inheritance (Removal of Disabilities) Act 1928 12 Child Marriage Restraint Act 1929 19 Transfer of Property (Amendment) Supplementary Act 1929 21 Sale of Goods Act 1930 3 Hindu Gains of Learning Act 1930 30 Mussalman Wakf Validating Act 1930 32 Provisional Collection of Taxes Act 1931 16 Sheriff of Calcutta (Power of Custody) Act 1931 20 Indian Partnership Act 1932 9 Public Suits Validation Act 1932 11 Criminal Law Amendment Act 1932 23 Bengal Suppression of Terrorist Outrages (Supplementary) Act 1932 24 Children (Pledging of Labour) Act 1933 2 Indian Wireless Telegraphy Act 1933 17 Murshidabad Estate Administration Act 1933 23 . Bengal and Bombay Children (Supplementary) Act 1925 35 Indian Succession Act 1925 39 1926±1950 Name of the Act Year Act No.Bronze Coin (Legal Tender) Act 1918 22 Local Authorities Pensions and Gratuities Act 1919 1 Poisons Act 1919 12 Calcutta High Court (Jurisdictional Limits) Act 1919 15 Provincial Insolvency Act 1920 5 Indian Securities Act 1920 10 Charitable and Religious Trusts Act 1920 14 Indian Red Cross Society Act 1920 15 Indian Rifles Act 1920 23 Identification of Prisoners Act 1920 33 Passport (Entry into India) Act 1920 34 Aligarh Muslim University Act 1920 40 Maintenance Orders Enforcement Act 1921 18 Delhi University Act 1922 8 Police (Incitement to Disaffection) Act 1922 22 Indian Boilers Act 1923 5 Cantonments (House Accommodation) Act 1923 6 Indian Naval Armament Act 1923 7 Workmen's Compensation Act 1923 8 Official Secrets Act 1923 19 Legal Practitioners (Women) Act 1923 23 Mussalman Wakf Act 1923 42 Cantonments Act 1924 2 Bengal Criminal Law Amendment (Supplementary) Act 1925 0 Indian Soldiers (Litigation) Act 1925 4 Provident Funds Act 1925 19 Sikh Gurdwaras (Supplementary) Act 1925 24 Indian Carriage of Goods by Sea Act 1925 26 Madras.

Reserve Bank of India Act 1934 2 Sugar-cane Act 1934 15 Aircraft Act 1934 22 Assam Criminal Law Amendment (Supplementary) Act 1934 27 Petroleum Act 1934 30 Jubbalpore and Chhattisgarh Divisions (Divorce Proceedings Validation) Act 1935 13 Parsi Marriage and Divorce Act 1936 3 Payment of Wages Act 1936 4 Decrees and Orders Validating Act 1936 5 Bangalore Marriages Validating Act 1936 16 Red Cross Society (Allocation of Property) Act 1936 18 Agricultural Produce (Grading and Marking) Act 1937 1 Arya Marriage Validation Act 1937 19 Muslim Personal Law (Shariat) Application Act 1937 26 Insurance Act 1938 4 Manoeuvres. Field Firing and Artillery Practice Act 1938 5 Cutchi Memons Act 1938 10 Criminal Law Amendment Act 1938 20 Employers' Liability Act 1938 24 Dissolution of Muslim Marriages Act 1939 8 Registration of Foreigners Act 1939 16 Commercial Documents Evidence Act 1939 30 Drugs and Cosmetics Act 1940 23 Agricultural Produce Cess Act 1940 27 Berar Laws Act 1941 4 Assam Rifles Act 1941 5 Delhi Restriction of Uses of Land Act 1941 12 Railways (Local Authorities' Taxation) Act 1941 25 Coffee Act 1942 7 Weekly Holidays Act 1942 18 Reciprocity Act 1943 9 War Injuries (Compensation Insurance) Act 1943 23 Central Excise Act 1944 1 Public Debt Act 1944 18 International Monetary Fund and Bank Act 1945 0 Industrial Employment (Standing Orders) Act 1946 20 Mica Mines Labour Welfare Fund Act 1946 22 Delhi Special Police Establishment Act 1946 25 Foreigners Act 1946 31 Industrial Disputes Act 1947 14 Armed Forces (Emergency Duties) Act 1947 15 Trading with the Enemy (Continuance of Emergency Provisions) Act 1947 16 Rubber Act 1947 24 United Nations (Security Council) Act 1947 43 United Nations (Privileges and Immunities) Act 1947 46 Foreign Jurisdiction Act 1947 47 Indian Nursing Council Act 1947 48 Pharmacy Act 1948 8 Dock Workers (Regulation of Employment) Act 1948 9 Minimum Wages Act 1948 11 Rehabilitation Finance Administration Act 1948 12 Damodar Valley Corporation Act 1948 14 Dentists Act 1948 16 .

.Junagarh Administration (Property) Act 1948 26 National Cadet Corps Act 1948 31 Calcutta Port (Pilotage) Act 1948 33 Employees' State Insurance Act 1948 34 Census Act 1948 37 Continuance of Legal Proceedings Act 1948 38 Indian Matrimonial Causes (War Marriages) Act 1948 40 Diplomatic and Consular Officers (Oaths and Fees) Act 1948 41 Coal Mines Provident Fund and Miscellaneous Provisions Act 1948 46 Imperial Library (Change of Name) Act 1948 51 Bombay Public Security Measures (Delhi Amendment) Act 1948 52 Oil Fields (Regulation and Development) Act 1948 53 Territorial Army Act 1948 56 Exchange of Prisoners Act 1948 58 Resettlement of Displaced Persons (Land Acquisition) Act 1948 60 Central Silk Board Act 1948 61 Reserve Bank (Transfer of Public Ownership) Act 1948 62 Factories Act 1948 63 Delhi and Ajmer-Merwara Land Development Act 1948 66 Mangrol and Manavadar (Administration of Property) Act 1949 2 Scheduled Securities (Hyderabad) Act 1949 7 Seaward Artillery Practice Act 1949 8 Banking Regulation Act 1949 10 West Godavari District (Assimilation of Laws on Federal Subjects) Act 1949 20 Delhi Hotels (Control of Accommodation) Act 1949 24 Chartered Accountants Act 1949 38 Requisitioned Land (Apportionment of Compensation) Act 1949 51 Industrial Disputes (Banking and Insurance Companies) Act 1949 54 Merged States (Laws) Act 1949 59 Professions Tax Limitation (Amendment and Validation) Act 1949 61 Police Act 1949 64 Central Reserve Police Force Act 1949 66 High Courts (Seals) Act 1950 7 Immigrants (Expulsion from Assam) Act 1950 10 Emblems and Names (Prevention of Improper Use) Act 1950 12 Special Criminal Courts (Jurisdiction) Act 1950 18 Drugs (Control) Act 1950 26 Transfer of Prisoners Act 1950 29 Union Territories (Laws) Act 1950 30 Opium and Revenue Laws (Extension of Application) Act 1950 33 Army and Air Force (Disposal of Private Property) Act 1950 40 Ajmer Tenancy and Land Records Act 1950 42 Representation of the People Act 1950 43 Air Force Act 1950 45 Army Act 1950 46 Contingency Fund of India Act 1950 49 Road Transport Corporations Act 1950 64 Cooch-Behar (Assimilation of Laws) Act 1950 67 Telegraph Wires (Unlawful Possession) Act 1950 74 Khaddar (Protection of Name) Act 1950 78 1951±1975 Name of the Act Year Act No.

Allowances and Pension of Members of Parliament Act 1954 30 Shillong (Rifle Range and Umlong) Cantonments Assimilation of Laws Act 1954 31 .Part B States (Laws) Act 1951 3 Supreme Court Advocates (Practice in High Courts) Act 1951 18 Jallianwala Bagh National Memorial Act 1951 25 Visva-Bharati Act 1951 29 President's Emoluments and Pension Act 1951 30 Finance Commission (Miscellaneous Provisions) Act 1951 33 Scheduled Areas (Assimilation of Laws) Act 1951 37 Marking of Heavy Packages Act 1951 39 Rajghat Samadhi Act 1951 41 Representation of the People Act 1951 43 Assam (Alteration of Boundaries) Act 1951 47 Railway Companies (Emergency Provisions) Act 1951 51 Companies (Donations to National Funds) Act 1951 54 All-India Services Act 1951 61 State Financial Corporations Act 1951 63 Evacuee Interest (Separation) Act 1951 64 Industries (Development and Regulation) Act 1951 65 Part C States Miscellaneous Laws (Repealing) Act 1951 66 Plantations Labour Act 1951 69 Displaced Persons (Debts Adjustment) Act 1951 70 Part B States Marriages Validating Act 1952 1 Indian Independence Pakistan Courts (Pending Proceedings) Act 1952 9 Employees' Provident Funds and Miscellaneous Provisions Act 1952 19 Inflammable Substances Act 1952 20 Requisitioning and Acquisition of Immovable Property Act 1952 30 Presidential and Vice-Presidential Elections Act 1952 31 Mines Act 1952 35 Cinematograph Act 1952 37 Delhi and Ajmer Rent Control Act 1952 38 Notaries Act 1952 53 Salaries and Allowances of Ministers Act 1952 58 Commissions of Inquiry Act 1952 60 Reserve and Auxiliary Air Forces Act 1952 62 State Armed Police Forces (Extension of Laws) Act 1952 63 Forward ContrActs (Regulation) Act]] 1952 74 Scheduled Areas (Assimilation of Laws) Act 1953 16 Salaries and Allowances of Officers of Parliament Act 1953 20 Tea Act 1953 29 Andhra State Act 1953 30 Collection of Statistics Act 1953 32 Calcutta High Court (Extension of Jurisdiction) Act 1953 41 Coir Industry Act 1953 45 Salt Cess Act 1953 49 Reserve Bank of India (Amendment and Miscellaneous Provisions) Act 1953 54 Transfer of Evacuee Deposits Act 1954 15 Lushai Hills District (Change of Name) Act 1954 18 Absorbed Areas (Laws) Act 1954 20 Drugs and Magic Remedies (Objectionable Advertisements) Act 1954 21 State Acquisition of Lands for Union Purposes (Validation) Act 1954 23 Delivery of Books and Newspapers (Public Libraries) Act 1954 27 High Court Judges (Salaries and Conditions of Service) Act 1954 28 Salary.

Himachal Pradesh and Bilaspur (New State) Act 1954 32 Chandernagore (Merger) Act 1954 36 Prevention of Food Adulteration Act 1954 37 Taxation Laws (Extension to Jammu and Kashmir) Act 1954 41 Special Marriage Act 1954 43 Essential Commodities Act 1955 10 Medicinal and Toilet Preparations (Excise Duties) Act 1955 16 Commanders-in-Chief (Change in Designation) Act 1955 19 Protection of Civil Rights Act 1955 22 State Bank of India Act 1955 23 Hindu Marriage Act 1955 25 Prisoners (Attendance in Courts) Act 1955 32 Durgah Khawaja Saheb Act 1955 36 Spirituous Preparation (Inter-State Trade and Commerce) Control Act 1955 39 Prize Competitions Act 1955 42 Working Journalists and other Newspaper Employees (Conditions of Service) and Miscellaneous Provisions Act 1955 45 Manipur (Courts) Act 1955 56 Citizenship Act 1955 57 Companies Act 1956 1 University Grants Commission Act 1956 3 Bar Councils (Validation of State Laws) Act 1956 4 Sales Tax Laws Validation Act 1956 7 All-India Institute of Medical Sciences Act 1956 25 Hindu Succession Act 1956 30 Life Insurance Corporation Act 1956 31 Hindu Minority and Guardianship Act 1956 32 Inter-State River Water Disputes Act 1956 33 Industrial Disputes (Amendment and Miscellaneous Provisions) Act 1956 36 States Reorganisation Act 1956 37 Bihar and West Bengal (Transfer of Territories) Act 1956 40 Securities Contracts (Regulation) Act 1956 42 Newspaper (Price and Page) Act 1956 45 National Highways Act 1956 48 River Boards Act 1956 49 Lok Sahayak Sena Act 1956 53 Supreme Court (Number of Judges) Act 1956 55 Khadi and Village Industries Commission Act 1956 61 Jammu and Kashmir (Extension of Laws) Act 1956 62 Scheduled Castes and Scheduled Tribes Orders (Amendment) Act 1956 63 Terminal Tax on Railway Passengers Act 1956 69 Central Sales Tax Act 1956 74 Hindu Adoptions and Maintenance Act 1956 78 State Bank of Hyderabad Act 1956 79 Manipur (Village Authorities in Hill Areas) Act 1956 80 Representation of the People (Miscellaneous Provisions) Act 1956 88 Faridabad Development Corporation Act 1956 90 Young Persons (Harmful Publications) Act 1956 93 Slum Areas (Improvement and Clearance) Act 1956 96 Indian Medical Council Act 1956 102 Immoral Traffic (Prevention) Act 1956 104 Women's and Children's Institutions (Licensing) Act 1956 105 Copyright Act 1957 14 .

Coal Bearing Areas (Acquisition and Development) Act 1957 20 Railway Protection Force Act 1957 23 Wealth-tax Act 1957 27 Legislative Councils Act 1957 37 Inter-State Corporation Act 1957 38 Naga Hills-Tuensang Area Act 1957 42 Public Employment (Requirement as to Residence) Act 1957 44 Cantonments (Extension of Rent Control Laws) Act 1957 46 Additional Duties of Excise (Goods of Special Importance) Act 1957 58 Delhi Development Act 1957 61 Navy Act 1957 62 Delhi Municipal Corporation Act 1957 66 Mines and Minerals (Development and Regulation) Act 1957 67 Gift-tax Act 1958 18 Probation of Offenders Act 1958 20 Ancient Monuments and Archaeological Sites and Remains Act 1958 24 Armed Forces (Special Powers) Act 1958 28 Working Journalists (Fixation of Rates of Wages) Act 1958 29 Manipur and Tripura (Repeal of Laws) Act 1958 35 Supreme Court Judges (Salaries and Conditions of Service) Act 1958 41 International Finance Corporation (Status. Immunities and Privileges) Act 1960 32 Manipur Land Revenue and Land Reforms Act 1960 33 Central Excises (Conversion to Metric Units) Act 1960 38 Delhi Primary Education Act 1960 39 Customs Duties and Cesses (Conversion to Metric Units) Act 1960 40 Tripura Land Revenue and Land Reforms Act 1960 43 Mahendra Pratap Singh Estate (Repeal) Act 1960 48 British Statutes (Application to India) Repeal Act 1960 57 Prevention of Cruelty to Animal Act 1960 59 . Immunities and Privileges) Act 1958 42 Merchant Shipping Act 1958 44 Himachal Pradesh Legislative Assembly (Constitution and Proceedings) Validation Act 1958 56 Orissa Weights and Measures (Delhi Repeal) Act 1958 57 Delhi Rent Control Act 1958 59 Parliament (Prevention of Disqualification) Act 1959 10 Cost and Works Accountants Act 1959 23 Public Wakfs (Extension of Limitation) Act 1959 29 Employment Exchanges (Compulsory Notification of Vacancies) Act 1959 31 State Bank of India (Subsidiary Banks) Act 1959 38 Travancore-Cochin Vehicles Taxation (Amendment and Validation) Act 1959 42 Government Savings Certificates Act 1959 46 Rajasthan and Madhya Pradesh (Transfer of Territories) Act 1959 47 Miscellaneous Personal Laws (Extension) Act 1959 48 Arms Act 1959 54 Andhra Pradesh and Madras Alteration of Boundaries Act 1959 56 Indian Statistical Institute Act 1959 57 Married Women's Property (Extension) Act 1959 61 Geneva Conventions Act 1960 6 Orphanages and Other Charitable Homes (Supervision and Control) Act 1960 10 Bombay Reorganisation Act 1960 11 Hindu Marriages (Validation of Proceedings) Act 1960 19 Delhi Land Holdings (Ceiling) Act 1960 24 International Development Association (Status.

Preference Shares (Regulation of Dividend) Act 1960 63 Acquired Territories (Merger) Act 1960 64 Criminal Law Amendment Act 1961 23 Advocates Act 1961 25 Salar Jung Museum Act 1961 26 Motor Transport Workers Act 1961 27 Dowry Prohibition Act 1961 28 Delhi (Urban Areas) Tenants' Relief Act 1961 30 Union Territories (Stamp and Court-fees Laws) Act 1961 33 Dadra and Nagar Haveli Act 1961 35 Newspaper (Price and Page Continuance) Act 1961 36 Income-tax Act 1961 43 Voluntary Surrender of Salaries (Exemption from Taxation) Act 1961 46 Deposit Insurance and Credit Guarantee Corporation Act 1961 47 Assam Municipal (Manipur Amendment) Act 1961 49 Apprentices Act 1961 52 Maternity Benefit Act 1961 53 Sugar (Regulation of Producion) Act 1961 55 Institutes of Technology Act 1961 59 Goa. Daman and Diu (Administration) Act 1962 1 Hindi Sahitya Sammelan Act 1962 13 National Co-operative Development Corporation Act 1962 26 State of Nagaland Act 1962 27 Land Acquisition (Amendment) Act 1962 31 Atomic Energy Act 1962 33 Extradition Act 1962 34 Foreigners Law (Application and Amendment) Act 1962 42 Pondicherry (Administration) Act 1962 49 Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Act 1962 50 Customs Act 1962 52 Manipur (Sales of Motor Spirit and Lubricants) Taxation Act 1962 55 State Associated Banks (Miscellaneous Provisions) Act 1962 56 Delhi Motor Vehicles Taxation Act 1962 57 Warehousing Corporations Act 1962 58 Marine Insurance Act 1963 11 Official Languages Act 1963 19 Government of Union Territories Act 1963 20 Compulsory Deposit Scheme Act 1963 21 Export (Quality Control and Inspection) Act 1963 22 Limitation Act 1963 36 Personal Injuries (Compensation Insurance) Act 1963 37 Major Port Trusts Act 1963 38 Textiles Committee Act 1963 41 Administrators-General Act 1963 45 Specifice Relief Act 1963 47 Unit Trust of India Act 1963 52 Central Boards of Revenue Act 1963 54 Companies (Profits) Surtax Act 1964 7 Taxation Laws (Continuation and Validation of Recovery Proceedings) Act 1964 11 Dakshina Bharat Hindi Prachar Sabha Act 1964 14 Delhi Delegation of Powers Act 1964 23 Legal Tender (Inscribed Notes) Act 1964 28 Food Corporations Act[1] 1964 37 .

Act 1966 51 Jawaharlal Nehru University Act 1966 53 Seeds Act 1966 54 Land Acquisition (Amendment and Validation) Act 1967 13 Passports Act 1967 15 Anti-Corruption Laws (Amendment) Act 1967 16 Standards of Weights and Measures (Extension to Kohima and Mokokchung Districts) Act 1967 25 Court-fees (Delhi Amendment) Act 1967 28 Unlawful Activities (Prevention) Act 1967 37 Jammu and Kashmir Representation of the People (Supplementary) Act 1968 3 Public Provident Fund Act 1968 23 Bihar and Uttar Pradesh (Alteration of Boundaries) Act 1968 24 Central Laws (Extension to Jammu and Kashmir) Act 1968 25 Pondicherry (Extension of Laws) Act 1968 26 Civil Defence Act 1968 27 Enemy Property Act 1968 34 Andhra Pradesh and Mysore (Transfer of Territory) Act 1968 36 Insecticides Act 1968 46 Border Security Force Act 1968 47 Delhi and Ajmer Rent Control (Nasirabad Cantonment Repeal) Act 1968 49 Central Industrial Security Force Act 1968 50 Judges (Inquiry) Act 1968 51 State Agricultural Credit Corporation Act 1968 60 Legislative Assembly of Nagaland (Change in Representation) Act 1968 61 President (Discharge of Functions) Act 1969 16 Registration of Births and Deaths Act 1969 18 Union Territories (Separation of Judicial and Executive Functions) Act 1969 19 Central Sales Tax (Amendment) Act 1969 28 Foreign Marriage Act 1969 33 Criminal and Election Laws Amendment Act 1969 35 Bihar Land Reforms Laws (Regulating Mines and Minerals) Validation Act 1969 42 Khuda Bakhsh Oriental Public Library Act 1969 43 Oaths Act 1969 44 Punjab Legislative Council (Abolition) Act 1969 46 .Warehousing Corporations (Supplementary) Act 1965 20 Payment of Bonus Act 1965 21 Banking Laws (Application to Co-operative Societies) Act 1965 23 Goa. Daman and Diu (Absorbed Employees) Act 1965 50 Seamen's Provident Fund Act 1966 4 Produce Cess Act 1966 15 Asian Development Bank Act 1966 18 Delhi High Court Act 1966 26 Railway Property (Unlawful Possession) Act 1966 29 Punjab Reorganisation Act 1966 31 Beedi and Cigar Workers (Conditions of Employment) Act 1966 32 Police Forces (Restriction of Rights) Act 1966 33 Post-Graduate Institute of Medical Education and Research. Chandigarh. Daman and Diu (Extension of the Code of Civil Procedure and the Arbitration Act) Act 1965 30 Railways Employment of Members of the Armed Forces Act 1965 40 Taxation Laws (Amendment and Miscellaneous Provisions) Act 1965 41 Cardamom Act 1965 42 Union Territories (Direct Election to the House of the People) Act 1965 49 Goa.

Powers and Conditions of Service) Act 1971 56 Naval and Aircraft Prize Act 1971 59 Jayanti Shipping Company (Acquisition of Shares) Act 1971 63 Coking Coal Mines (Emergency Provisions) Act 1971 64 Asian Refractories Limited (Acquisition of Undertakings) Act 1971 65 Uttar Pradesh Cantonments (Control of Rent and Eviction) Repeal Act 1971 68 Prevention of Insults to National Honour Act 1971 69 Contempt of Courts Act 1971 70 Delhi Road Transport Laws (Amendment) Act 1971 71 Manipur (Hill Areas District Council) Act 1971 76 North-Eastern Area (Reorganisation) Act 1971 81 Delhi Sikh Gurdwaras Act 1971 82 North-Eastern Council Act 1971 84 Marine Products Export Development Authority Act 1972 13 Departmental Inquiries (Enforcement of Attendance of Witnesses and Production of Documents) Act 1972 18 Architects Act 1972 20 Taxation Laws (Extension to Jammu and Kashmir) Act 1972 25 National Service Act 1972 28 Delhi Lands (Restriction on Transfer) Act 1972 30 Delhi Co-operative Societies Act 1972 35 Coking Coal Mines (Nationalisation) Act 1972 36 Payment of Gratuity Act 1972 39 Diplomatic Relations (Vienna Convention) Act 1972 43 Antiquities and Art Treasures Act 1972 52 Wild Life (Protection) Act 1972 53 General Insurance Business (Nationalisation) Act 1972 57 Indian Copper Corporation (Acquisition of Undertaking) Act 1972 58 Former Secretary of State Service Officers (Conditions of Service) Act 1972 59 Limestone and Dolomite Mines Labour Welfare Fund Act 1972 62 Carriage by Air Act 1972 69 Sick Textile Undertakings (Taking Over of Management) Act 1972 72 Richardson and Cruddas Limited (Acquisition and Transfer of Undertakings) Act 1972 78 Diplomatic and Consular Officers (Oaths and Fees) (Extension to Jammu and Kashmir) Act 1973 2 Coal Mines (Taking Over of Management) Act 1973 15 Capital of Punjab Development and Regulation (Chandigarh Amendment) Act 1973 17 .Monopolies and Restrictive Trade Practices Act 1969 54 Assam Reorganisation (Meghalaya) Act 1969 55 Banking Companies (Acquisition and Transfer of Undertakings) Act 1970 5 Haryana and Punjab Agricultural Universities Act 1970 16 Supreme Court (Enlargement of Criminal Appellate Jurisdiction) Act 1970 28 Contract Labour (Regulation and Abolition) Act 1970 37 Patents Act 1970 39 Indian Medicine Central Council Act 1970 48 Central Labour Laws (Extension to Jammu and Kashmir) Act 1970 51 State of Himachal Pradesh Act 1970 53 Bengal Finance (Sales Tax) (Delhi Validation of Appointments and Proceedings) Act 1971 20 Medical Termination of Pregnancy Act 1971 34 Public Premises (Eviction of Unauthorised Occupants) Act 1971 40 Small Coins (Offences) Act 1971 52 Coal Bearing Areas (Acquisition and Development) Amendment and Validation Act 1971 54 Comptroller and Auditor General's (Duties.

Delhi School Education Act 1973 18 North-Eastern Hill University Act 1973 24 Coal Mines (Nationalisation) Act 1973 26 Authoritative Texts (Central Laws) Act 1973 50 Alcock Ashdown Company Limited (Acquisition of Undertakings) Act 1973 56 Homoeopathy Central Council Act 1973 59 Konkan Passenger Ships (Acquisition) Act 1973 62 Delhi Urban Art Commission Act. 1973 1974 2 Esso (Acquisition of Undertakings in India) Act 1974 4 Water (Prevention and Control of Pollution) Act 1974 6 Economic Offences (Inapplicability of Limitation) Act 1974 12 Coal Mines (Conservation and Development) Act 1974 28 Additional Emoluments (Compulsory Deposit) Act 1974 37 University of Hyderabad Act 1974 39 Interest-tax Act 1974 45 Oil Industry (Development) Act 1974 47 Conservation of Foreign Exchange and Prevention of Smuggling Activities Act 1974 52 East-Punjab Urban Rent Restriction (Extension to Chandigarh) Act 1974 54 Sick Textile Undertakings (Nationalisation) Act 1974 57 Tobacco Board Act 1975 4 All-India Services Regulations (Indemnity) Act 1975 19 Tokyo Convention Act 1975 20 Rampur Raza Library Act 1975 22 Tobacco Cess Act 1975 26 Delhi Sales Tax Act 1975 43 Cigarettes (Regulation of Production. Manganese Ore Mines and Chrome Ore Mines Labour Welfare Fund Act 1976 61 Beedi Workers Welfare Fund Act 1976 62 Betwa River Board Act 1976 63 . 1973 1974 1 Code of Criminal Procedure. Burmah Shell (Acquisition of Undertakings in India) Act 1976 2 Election Laws (Extension to Sikkim) Act 1976 10 Sales Promotion Employees (Conditions of Service) Act 1976 11 Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act 1976 13 Bonded Labour System (Abolition) Act 1976 19 Regional Rural Banks Act 1976 21 Assam Sillimanite Limited (Acquisition and Transfer of Refractory Plant) Act 1976 22 Equal Remuneration Act 1976 25 Parliamentary Proceedings (Protection of Publication) Repeal Act 1976 28 Levy Sugar Price Equalisation Fund Act 1976 31 Urban Land (Ceiling and Regulation) Act 1976 33 Foreign Contribution (Regulation) Act 1976 49 Iron Ore Mines. Manganese Ore Mines and Chrome Ore Mines Labour Welfare Cess Act 1976 55 Beedi Workers Welfare Cess Act 1976 56 High Court at Patna (Establishment of a Permanent Bench at Ranchi) Act 1976 57 Departmentalisation of Union Accounts (Transfer of Personnel) Act 1976 59 Standards of Weights and Measures Act 1976 60 Iron Ore Mines. Supply and Distribution) Act 1975 49 Customs Tariff Act 1975 51 1976±2000 Name of the Act Year Act No.

Exclusive Economic Zone and other Maritime Zones Act 1976 80 Delhi Agricultural Produce Marketing (Regulation) Act 1976 87 Indian Iron and Steel Company (Acquisition of Shares) Act 1976 89 Delhi Sales Tax (Amendment and Validation) Act 1976 91 Braithwaite and Company (India) Limited (Acquisition and Transfer of Undertakings) Act 1976 96 Burn Company and Indian Standard Wagon Company (Nationalisation) Act 1976 97 Laxmirattan and Atherton West Cotton Mills (Taking Over of Management) Act 1976 98 Metal Corporation (Nationalisation and Miscellaneous Provisions) Act 1976 100 Untouchability (Offences) Amendment and Miscellaneous Provision Act 1976 106 Scheduled Castes and Scheduled Tribes Orders (Amendment) Act 1976 108 Parliamentary Proceedings (Protection of Publication) Act 1977 15 Disputed Elections (Prime Minister and Speaker) Act 1977 16 Caltex (Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited) Act 1977 17 Salary and Allowances of Leaders of Opposition in Parliament Act 1977 33 Lady Hardinge Medical College and Hospital (Acquisition and Miscellaneous Provisions) Act 1977 34 Water (Prevention and Control of Pollution) Cess Act 1977 36 Smith. Continental Shelf. Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act 1977 41 Gresham and Craven of India (Private) Limited (Acquisition and Transfer of Undertakings) Act 1977 42 High Denomination Bank Notes (Demonetisation) Act 1978 11 Hindustan Tractors Limited (Acquisition and Transfer of Undertakings) Act 1978 13 Interest Act 1978 14 Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act 1978 16 Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act 1978 21 Coast Guard Act 1978 30 Metro Railways (Construction of Works) Act 1978 33 Delhi Police Act 1978 34 Press Council Act 1978 37 Additional Duties of Excise (Textiles and Textile Articles) Act 1978 40 Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act 1978 41 Bolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act 1978 42 Prize Chits and Money Circulation Scheme (Banning) Act 1978 43 Sugar Undertakings (Taking Over of Management) Act 1978 49 Coconut Development Board Act 1979 5 Punjab Excise (Delhi Amendment) Act 1979 12 Union Duties of Excise (Distribution) Act 1979 24 Kosangas Company (Acquisition of Undertakings) Act 1979 28 Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act 1979 30 Haryana and Uttar Pradesh (Alteration of Boundaries) Act 1979 31 Prevention of Blackmarketing and Maintenance of Supplies of Essential Commodities Act .Life Insurance Corporation (Modification of Settlement) Act 1976 72 National Library of India Act 1976 76 Disturbed Areas (Special Courts) Act 1976 77 Territorial Waters.

Hooghly River) Act 1982 49 Amritsar Oil Works (Acquisition and Transfer of Undertakings) Act 1982 50 State Bank of Sikkim (Acquisition of Shares) and Miscellaneous Provisions Act 1982 62 Anti-Hijacking Act 1982 65 Suppression of Unlawful Acts against Safety of Civil Aviation Act 1982 66 Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act 1982 71 African Development Bank Act 1983 13 Jute Manufacturers Development Council Act 1983 27 Jute Manufactures Cess Act 1983 28 National Oil Seeds and Vegetable Oils Development Board Act 1983 29 Emigration Act 1983 31 Punjab Disturbed Areas Act 1983 32 Chandigarh Disturbed Areas Act 1983 33 . Act 1980 52 Hotel-Receipts Tax Act 1980 54 Company Secretaries Act 1980 56 Bengal Chemical and Pharmaceutical Works Limited (Acquisition and Transfer of Undertakings) Act 1980 58 Jute Companies (Nationalisation) Act 1980 62 Maruti Limited (Acquisition and Transfer of Undertakings) Act 1980 64 National Security Act 1980 65 Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act 1980 67 Forest (Conservation) Act 1980 69 Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act 1980 70 Air (Prevention and Control of Pollution) Act 1981 14 High Court and Bombay (Extension of Jurisdiction to Goa. Trivandrum. Allowances and Privileges) Act 1982 43 National Waterway (Allahabad-Haldia Stretch of the Ganga-Bhagirathi.1980 7 Delhi High Court (Amendment) Act 1980 37 Banking Companies (Acquisition and Transfer of Undertakings) Act 1980 40 Essential Services Maintenance (Assam) Act 1980 41 National Company (Acquisition and Transfer of Undertakings) Act 1980 42 Brahmaputra Board Act 1980 46 Sree Chitra Tirunal Institute for Medical Sciences and Technology. Daman and Diu) Act 1981 26 Export-Import Bank of India Act 1981 28 British India Corporation Limited (Acquisition of Shares) Act 1981 29 Cine-Workers Welfare Cess Act 1981 30 Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act 1981 31 Cine-Workers Welfare Fund Act 1981 33 Burmah Oil Company (Acquisition of Shares of Oil India Limited and of the Undertakings in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited) Act 1981 41 Maritime Zones of India (Regulation of Fishing by Foreign Vessels) Act 1981 42 Anti-Apartheid (United Nations Convention) Act 1981 48 Cine-Workers and Cinema Theatre Workers (Regulation of Employment) Act 1981 50 National Bank for Agriculture and Rural Development Act 1981 61 African Development Fund Act 1982 1 Sugar Cess Act 1982 3 Sugar Development Fund Act 1982 4 Chaparmukh Silghat Railway Line and the Katakhal Lalabazar Railway Line (Nationalisation) Act 1982 36 Chit Funds Act 1982 40 Governors (Emoluments.

.)] 1986 1 Agricultural and Processed Food Products Export Development Authority Act. 1985 1986 2 Central Excise Tariff Act. 1985 1986 5 Spices Board Act 1986 10 Administrative Tribunals (Amendment) Act 1986 19 Muslim Women (Protection of Rights on Divorce) Act 1986 25 Coal Mines Labour Welfare Fund (Repeal) Act 1986 27 Environment (Protection) Act 1986 29 Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act 1986 .. by Act 1 of 04 (w. 1985 Rep.Armed Forces (Punjab and Chandigarh) Special Powers Act 1983 34 Dangerous Machines (Regulation) Act 1983 35 Illegal Migrants (Determination by Tribunals) Act 1983 39 Textile Undertakings (Taking Over of Management) Act 1983 40 Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act 1983 41 Public Financial Institutions (Obligation as to Fidelity and Secrecy) Act 1983 48 Prevention of Damage to Public Property Act 1984 3 Asiatic Society Act 1984 5 Ganesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act 1984 16 Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act 1984 17 Mogul Line Limited (Acquisition of Shares) Act 1984 33 Punjab State Legislature (Delegation of Powers) Act 1984 36 Aluminium Corporation of India Limited (Acquisition and Transfer of Aluminium Undertaking) Act 1984 43 Indian Veterinary Council Act 1984 52 Hooghly Docking and Engineering Company Limited (Acquisition of Undertakings and Transfer) Act 1984 55 Bengal Immunity Company Limited (Acquisition and Transfer of Undertakings) Act 1984 57 Terrorist Affected Areas (Special Courts) Act 1984 61 Industrial Reconstruction Bank of India Act 1984 62 Family Courts Act 1984 66 National Capital Region Planning Board Act 1985 2 General Insurance Business (Nationalisation) Amendment Act 1985 3 Calcutta Metro Railway (Operation and Maintenance) Temporary Provisions Act 1985 10 Administrative Tribunals Act 1985 13 Bhopal Gas Leak Disaster (Processing of Claims) Act 1985 21 Handlooms (Reservation of Articles for Production) Act 1985 22 Tea Companies (Acquisition and Transfer of Sick Tea Units) Act 1985 37 Indira Gandhi National Open University Act 1985 50 Pondicherry University Act 1985 53 Standards of Weights and Measures (Enforcement) Act 1985 54 Intelligence Organisations (Restriction on Rights) Act 1985 58 Judges (Protection) Act 1985 59 Railway Protection Force (Amendment) Act 1985 60 Narcotic Drugs and Psychotropic Substances Act 1985 61 Central Excises and Salt (Amendment) Act 1985 79 Customs (Amendment) Act 1985 80 Banking Laws (Amendment) Act 1985 81 Inland Waterways Authority of India Act 1985 82 Futwah-Islampur Light Railway Line (Nationalisation) Act 1985 83 Sick Industrial Companies (Special Provisions) Act.e.f.

1987 1988 2 Commission of Sati (Prevention) Act. Daman and Diu Reorganisation Act 1987 18 Payment of Gratuity (Amendment) Act 1987 22 Expenditure-tax Act 1987 35 Brentford Electric (India) Limited (Acquisition and Transfer of Undertakings) Act 1987 36 National Dairy Development Board Act 1987 37 Legal Services Authorities Act 1987 39 Air (Prevention and Control of Pollution) Amendment Act 1987 47 All India Council for Technical Education Act 1987 52 National Housing Bank Act 1987 53 Railway Claims Tribunal Act 1987 54 Chandigarh (Delegation of Powers) Act. Daman and Diu Mining Concessions (Abolition and Declaration as Mining Leases) Act 1987 16 Goa.30 Research and Development Cess Act 1986 32 Merchant Shipping (Amendment) Act 1986 33 State of Mizoram Act 1986 34 Taxation Laws (Amendment and Miscellaneous Provisions) Act 1986 46 National Security Guard Act 1986 47 Dock Workers (Safety. Health and Welfare) Act 1986 54 Delhi Fire Prevention and Fire Safety Act 1986 56 Delhi Apartment Ownership Act 1986 58 Indecent Representation of Women (Prohibition) Act 1986 60 Child Labour (Prohibition and Regulation) Act 1986 61 Bureau of Indian Standards Act 1986 63 Shipping Development Fund Committee (Abolition) Act 1986 66 Consumer Protection Act 1986 68 State of Arunachal Pradesh Act 1986 69 Cotton Copra and Vegetable Oils Cess (Abolition) Act 1987 4 Jute Packaging Materials (Compulsory Use in Packing Commodities) Act 1987 10 Merchant Shipping (Amendment) Act 1987 13 Mental Health Act 1987 14 Goa. 1987 1988 3 Tamil Nadu Agricultural Service Co-operative Societies (Appointment of Special Officers) Amendment Act 1988 22 Companies (Amendment) Act 1988 31 Employees' Provident Funds and Miscellaneous Provisions (Amendment) Act 1988 33 Special Protection Group Act 1988 34 National Waterway (Sadiya-Dhubri Stretch of the Brahmaputra River) Act 1988 40 Religious Institutions (Prevention of Misuse) Act 1988 41 Bharat Petroleum Corporation Limited (Determination of Conditions of Service of Employees) Act 1988 44 Benami Transactions (Prohibition) Act 1988 45 Prevention of Illicit Traffic in Narcotic Drugs and Psychotropic Substances Act 1988 46 Prevention of Corruption Act 1988 49 Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by certain Establishments) Act 1988 51 Auroville Foundation Act 1988 54 Jamia Millia Islamia Act 1988 58 Motor Vehicles Act 1988 59 National Highways Authority of India Act 1988 68 Direct Tax Laws (Amendment) Act 1989 3 Representation of the People (Amendment) Act 1989 21 .

Feeding Bottles and Infant Foods (Regulation of Production.e. 1991 1992 1 Destructive Insects and Pests (Amendment and Validation) Act 1992 12 Securities and Exchange Board of India Act 1992 15 Cess and Other Taxes on Minerals (Validation) Act 1992 16 National Commission for Minorities Act 1992 19 Foreign Trade (Development and Regulation) Act 1992 22 National Waterway (Kollam-Kottapuram Stretch of West Coast Canal and Champakara and Udyogmandal Canals) Act 1992 25 Special Court (Trial of Offences Relating to Transactions in Securities) Act 1992 27 Rehabilitation Council of India Act 1992 34 Indo-Tibetan Border Police Force Act 1992 35 Central Agricultural University Act 1992 40 Infant Milk Substitutes.Assam University Act 1989 23 Railways Act 1989 24 Employees' State Insurance (Amendment) Act 1989 29 Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act 1989 33 Nagaland University Act 1989 35 Small Industries Development Bank of India Act 1989 39 National Commission for Women Act 1990 20 Armed Forces (Jammu and Kashmir) Special Powers Act 1990 21 Prasar Bharati (Broadcasting Corporation of India) Act 1990 25 Public Liability Insurance Act 1991 6 Election Commission (Conditions of Service of Election Commissioners and Transaction of Business) Act 1991 11 Remittances of Foreign Exchange and Investment in Foreign Exchange Bonds (Immunities and Exemptions) Act 1991 41 Places of Worship (Special Provisions) Act 1991 42 Wild Life (Protection) Amendment Act 1991 44 Government of National Capital Territory of Delhi Act. date to be notified)] 1993 32 Acquisition of Certain Area at Ayodhya Act 1993 33 SAARC Convention (Suppression of Terrorism) Act 1993 36 Beedi and Cigar Workers (Conditions of Employment) Amendment Act 1993 41 Central Laws (Extension to Arunachal Pradesh) Act 1993 44 Tezpur University Act 1993 45 Employment of Manual Scavengers and Construction of Dry Latrines (Prohibition) Act 1993 46 Betwa River Board (Amendment) Act 1993 49 Recovery of Debts Due to Banks and Financial Institutions Act 1993 51 National Commission for Safai Karamcharis Act 1993 64 Oil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act 1993 65 Public Records Act 1993 69 .f. Supply and Distribution) Act 1992 41 Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act 1993 23 National Thermal Power Corporation Limited. the National Hydro-Electric Power Corporation Limited and the North-Eastern Electric Power Corporation Limited (Acquisition and Transfer of Power Transmission Systems) Act 1993 24 Gold Bonds (Immunities and Exemptions) Act 1993 25 National Commission for Backward Classes Act 1993 27 Multimodal Transportation of Goods Act 1993 28 Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act Repealed by Act 27 of 2006 (w.

1998 1999 5 Delhi Development Authority (Validation of Disciplinary Powers) Act. 1993 1994 10 Air Corporations (Transfer of Undertakings and Repeal) Act 1994 13 Manipur Panchayati Raj Act 1994 26 Punjab Gram Panchayat. 1996 1997 3 Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act 1997 7 Lalitkala Akademi (Taking Over of Management) Act 1997 17 National Environment Appellate Authority Act 1997 22 Telecom Regulatory Authority of India Act 1997 24 Vice-President's Pension Act 1997 30 Dock Workers (Regulation of Employment) (Inapplicability to Major Ports) Act 1997 31 National Institute of Pharmaceutical Education and Research Act 1998 13 Lotteries (Regulation) Act 1998 17 Leaders of Chief Whips of Recognised Parties and Groups in Parliament (Facilities) Act. Mental Retardation and Multiple Disabilities Act 1999 44 Trade Marks Act 1999 47 Geographical Indications of Goods (Registration and Protection) Act 1999 48 Mizoram University Act 2000 8 .National Council for Teacher Education Act 1993 73 Kalakshetra Foundation Act. 1998 1999 6 Urban Land (Ceiling and Regulation) Repeal Act 1999 15 Central Industrial Security Force (Amendment and Validation) Act 1999 40 Insurance Regulatory and Development Authority Act 1999 41 Foreign Exchange Management Act 1999 42 National Trust for Welfare of Persons with Autism. Cerebral Palsy. 1996 1997 2 Mahatama Gandhi Antarashtriya Hindi Vishwavidyalaya Act. 1993 1994 6 Protection of Human Rights Act. 1995 1996 1 Depositories Act 1996 22 Arbitration and Conciliation Act 1996 26 Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act 1996 27 Building and Other Construction Workers' Welfare Cess Act 1996 28 Provisions of the Panchayats (Extension to the Scheduled Areas) Act 1996 40 Maulana Azad National Urdu University Act. Samities and Zilla Parishad (Chandigarh Repeal) Act 1994 27 Transplantation of Human Organs Act 1994 42 Manipur Municipalities Act 1994 43 New Delhi Municipal Council Act 1994 44 Punjab Municipal Corporation Law (Extension to Chandigarh) Act 1994 45 Airports Authority of India Act 1994 55 Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act 1994 56 Pre-conception and Pre-natal Diagnostic Techniques (Prohibition of Sex Selection) Act 1994 57 Babasaheb Bhimrao Ambedkar University Act 1994 58 Cable Television Networks (Regulation) Act 1995 7 National Environment Tribunal Act 1995 27 Delhi Rent Act 1995 33 Textile Undertakings (Nationalisation) Act 1995 39 Wakf Act 1995 43 Technology Development Board Act 1995 44 Persons With Disabilities (Equal Opportunities. Protection of Rights and Full Participation) Act.

2002 2003 15 Offshore Areas Mineral (Development and Regulation) Act. 2003 2004 01 Customs and Central Excise Laws (Repeal) Act 2004 25 Prevention of Terrorism (Repeal) Act 2004 26 National Commission for Minority Educational Institutions Act. 2002 2003 17 Biological Diversity Act.Designs Act 2000 16 Direct-Tax Laws (Miscellaneous) Repeal Act 2000 20 Information Technology Act 2000 21 Madhya Pradesh Reorganisation Act 2000 28 Uttar Pradesh Reorganisation Act 2000 29 Bihar Reorganisation Act 2000 30 Chemical Weapons Convention Act 2000 34 Semiconductor Integrated Circuits Layout-Design Act 2000 37 Coal India (Regulation of Transfer and Validation) Act 2000 45 Immigration (Carriers¶ Liability) Act 2000 52 Central Road Fund Act 2000 54 Juvenile Justice (Care and Protection of Children) Act 2000 56 2000 ± present Name of the Act Year Act No. Supply and Distribution) Act 2003 34 Electricity Act 2003 36 Fiscal Responsibility and Budget Management Act 2003 39 Central Vigilance Commission Act 2003 45 Repatriation of Prisoners Act 2003 49 Industrial Development Bank (Transfer of Undertaking and Repeal) Act 2003 53 Sick Industrial Companies (Special Provisions) Repeal Act. Production. 2002 2003 13 Prevention of Money Laundering Act. 2004 2005 02 Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act 2005 14 The Weapons of Mass Destruction and Their Delivery Systems (Prohibition of Unlawful Activities) Act. Indian Council of World Affairs Act 2001 29 Advocates¶ Welfare Fund Act 2001 45 Energy Conservation Act 2001 52 Protection of Plant Varieties and Farmer¶s Right Act 2001 53 Delimitation Act 2002 33 Haj Committee Act 2002 35 Foreign Aircraft (Exemption from Taxes and Duties on Fuel and Lubricants) Act 2002 36 Multi-State Co-operative Societies Act 2002 39 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 54 Unit Trust of India (Transfer of Undertaking and Repeal) Act 2002 58 Delhi Metro Railway (Operation and Maintenance) Act 2002 60 Suppression of Unlawful Acts against Safety of Maritime Navigation and Fixed Platforms on Continental Shelf Act 2002 69 Competition Act. 2002 2003 12 Control of National Highways (Land and Traffic) Act. 2005 2005 21 Right to Information Act 2005 22 Coastal Aquaculture Authority Act 2005 24 University of Allahabad Act 2005 26 . 2002 2003 18 Cigarettes and other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce.

it made Indian Accounting Standards in 1979. Accounting Standard 1(AS 1) (Disclosure of accounting policies) This accounting standard guides to company accountants for making their companies financial statements.2006 2006 27 National Institute of Fashion Technology Act. After they can take the decision of investment by purchasing the shares of company from stock exchange. But I could not write its simple explain. today. 2. It is also duty of accountant to make and disclose also extra accounting policy if company is using different depreciation. These are also called Indian GAAP. This board also made many amendments in these Accounting standards.2005 2006 04 Petroleum and Natural Gas Regulatory Board Act 2006 19 Delhi Laws (Special Provisions) Act.2006 2006 30 Accounting Standards in India ± Simple Explanation -(AS 1 to AS 12 ) After becoming Indian Accounting standard board as the prime authority for making Indian Accounting Standard in 1977.2005 2006 01 Commissions for Protection of Child Rights Act. I have already made AS 1 to AS 32 content list in General Accepted accounting principles (GAAP) article. stock and investment valuation method.2006 2006 24 Micro.2006 2006 22 Cess Laws (Repealing and Amending) Act. Accounting Standard 2 ( AS 2 ) (Valuation of Inventories) This accounting standard is very helpful to calculate the value of inventories. So. it should disclose all financial information of business because business of company is not the business of one man.Bihar Value Added Tax Act 2005 27 Special Economic Zones Act 2005 28 Private Security Agencies (Regulation) Act 2005 29 Credit Information Companies (Regulation) Act 2005 30 National Rular Employment Guarantee Act 2005 42 Protection of Women from Domestic Violence Act 2005 43 National Tax Tribunal Act 2005 49 State Emblems of India (Prohibition of Improper Use) Act 2005 50 Disaster Management Act 2005 53 Manipur University Act 2005 54 Andhra Pradesh Legislative Council Act. . Small and Medium Enterprises Development Act. 1.2006 2006 28 Union Duties of Excise (Electricity) Distribution Repeal Act. After making financial statement. ASB comprise all stocks which is purchased for sale or production in inventories. this tutorial is just simple explanation of Accounting Standard especially for students who are doing chartered Accountancy in India and accountants who is practising accounting profession in India . This accounting standard is made also for public interest and providing them full financial information.

All other part of cash flow from investing and financial activities are as same as direct method. Accounting standard 5 ( AS 5) Profit or loss for the period prior of changing accounting policies:- . 2nd Every company is free to use FIFO. Any contingencies like loss by fire or liabilities due to employee¶s accident should be provided in financial statement after these contingencies losses are confirmed. Ist Way Direct method Under this method. 1st stock must be valued on cost or net realizable value which is lower . Accounting Standard 3 ( AS 3) (Cash flow statement) Accounting standard three which is revised in 1997 states that cash flow statement is a necessary statement under this standard for banks . cash flow statement is made by inflow and outflow of cash in operating . Under this method cash from operating activities is calculated on the basis of net profit after different adjustments of non cash and non operating items like depreciation . 3rd Cost of inventories = cost of raw material + cost of direct labour + cost of direct expenses 4th Companies are also free to use standard cost method or retail cost method for calculating the value of inventories. interest . 10 crores . LIFO or weighted average method for proper calculation of the value of inventories. investing and financial activities . dividend paid and also adjusting net changes in working capital . Impairment losses of assets is also covered under AS 4 Any losses due to happening of any event is also shown in financial statement before approving financial statement 5. 5th Inventories does not encompass the value of tools which is used for repair of machinery 3.Value of stock is not fixed by single formula but this standard provides following guidelines for calculating the value of inventories. 2nd way indirect method It is different from direct method. Accounting standard 4 (AS 4) (Contingencies and events occurring after the balance sheet date) Accounting standard four provides the rules of accounting treatment of losses due to contingencies and event happening after balance sheet date but before approving of balance sheet by board of directors. financial institute or any institute whose annual turnover is more than Rs. 4. This standard does not provide the Proforma of cash flow statement but deeply explain the two way of making this statement . 50 crores or any institute who has borrowed money more than Rs.

ships and other fixed assets. So. it is necessary to make contract account statement in which all revenue of construction business must be shown. Depreciation should charge with consisted method of charging depreciation. Any company can also change the method of charging depreciation. 2. building. 3. 6. Costs of contract comprise all raw material labour and other expenses which incurred for completing of contact. Deficiency due to changing the method of depreciation will be debited in profit and loss account and surplus due to changing the method of depreciation will be credited in profit and loss account of business. Two famous method of charging depreciation are straight line and reducing balance method. It may be fixed at the time of contract or it may be cost plus profit basis. So. 1. so that profit or losses before the period and after period of changes of accounting policies can easily compare with other enterprises business. If accounting policies are changed. 7.ICAI¶s this standard explains two simple rules 1. 5. These costs should also calculate and deduct from revenue for calculating net earning from each contract. 2. 8. Because time of completing contract is more than the time of accounting period. All ordinary and extraordinary item relating to the financial statement should be disclosed if it effects on profit or loss period before changing of accounting policies. Then it is the duty of enterprise to disclose all important items relating to income and expenditures. But its effect in the form of deficiency or surplus also should show in profit and loss account of business . ICAI makes some rules and regulation that should be adopt in the business relating to construction. Accounting standard 8 (AS 8) (Accounting for research and development) . Accounting standard 7 ( AS 7 ) Accounting of construction contracts Construction contracts are those contracts relating to build of dam. The nature of business is different from business of general manufacturing. These rules can be explained in following way. 4. Rate of depreciation should be according to company law 1956 and if it is not written in it then companies are free to charge depreciation with appropriate rate of depreciation. Depreciation must be charged on fixed assets which is used in business for more than one year . 1. pipelines. 2. Construction Company should identify all their resources of revenue. Accounting standard 6 (AS 6 ) Accounting of Depreciation Accounting standard 6 explains rules and regulations regarding charging of depreciation on any fixed asset .

But this standard also provides guidance about revenue recognition in following cases. Accounting Standard 9 ( AS 9 ) Revenue recognition Accounting standard of India explains the concept of revenue deeply.Research and development is important department of any company. At this time it is deemed that money is earned by enterprise. Determination of cost of fixed assets Assets purchase value + all cost to bring the fixed assets to plant. AS 8 cares its accounting treatment and related to calculate its proper cost and charging on profit and loss account. For this company¶s accountant should see what will company gets future benefits and how many years will company get these profits. ‡If stock is sold on approval basis then. company will charge written off cost to debit side of profit and loss account and rest amount of deferred expenditure of research and development will be shown in balance sheet¶s asset side under miscellaneous expenditures . Ist part Calculate the cost of research and development with following formula = Cost of raw material used in research and development + Cost of wages and salaries of employees working in this department +depreciation of assets used in this department + amortization cost of patents and licenses + other related cost 2nd part This part is related to charge the written off proportion to profit and loss account. royalty and dividend. revenue is generated only when the buyer gives the approval. When goods are sold or services rendered. Revenue recognition standard comprises different earning relating to advertising and other services projects when these are completed by professionals. ‡In case of agency business revenue will be recognized when risk of ownership also transferred under consignment. New extension of fixed assets Any new extensions are capital nature expenditure and it will include in the total value of respective fixed assets. On this estimation. Accounting Standard 10 (AS 10 ) (Accounting of fixed assets) Accounting standard 10 of ICAI helps professional accountants for proper accounting treatment of fixed assets. . There is also revenue from interest.

Goodwill is also treated as fixed asset in balance sheet if the amount is for this paid. in the form of subsidy. reduction in duty and taxes and other non monetary help . 2nd Way Transfer all govt. then that company starts to get benefits of his monopoly powers by illegal ways. grants to the credit side of profit and loss account Consumer Protection Act 1986 and its main provisions and features Govt of India has made consumer protection act in 1986. grant means any benefit given by govt. First way To show as capital earning and include it in the value of shareholder fund in liability side of balance sheet and also shown in bank in current assets side . Accounting standard 12 (AS 12) (Accounting treatment of Govt. If it is received by any special enterprise. In fixed assets. consumers have right to get information of quality. grants. Then it will show as capital reserve. This law is very helpful to secure consumers and customers from such cheating and market frauds. Main features of Consumer protect Act 1986 Under this act. this date is called closing date and we can calculate foreign exchange profit or loss on the basis of exchange rate. 1. Accounting standard accepts two way for providing accounting treatment of govt. If it is rated to purchasing or selling related profit from foreign exchange currency. . The main aim is to protect consumers from immoral practice of business organizations. grants) The Govt. Accounting standard 11 ( AS 11 ) Effect of changes of foreign exchange rates There are two main reasons for providing effect of changes of foreign exchange rates on accounting.When goods are sold or buy in price which is dominated in foreign currency. quantity and price of products. Enterprise will also include the amount of know how and patents.When enterprise is doing any foreign operations. Calculate the value of foreign exchange profit or loss It is very simple when any transaction is done. 2. We see in general when a company or business concern becomes monopolize in market . Otherwise it is revenue earning and it will transfer to profit and loss account.

It is also part of India¶s liberalization policy in which Govt. New Industrial policies of India New industrial policies have been made in India in 1991.Under this act. The chairperson of this commission will be the retired Supreme Court judges and other 4 experts in the field of commerce and laws and industry. 2000000. 1. 500000 to Rs. consumer has power to sue in district forum and report or complaint against the cheating of businessmen to the authorities and get remedies for this. This forum can be made by district judge and other experienced persons in the field of law and commerce. is providing more powers to the industrial enterprises. State commission has power to solve the problems of consumers from Rs. 500000 at district level. Main authorities under Consumer protect act 1986 District forum This forum has power to solve the problems of consumers up to Rs. State commission Consumer can also appeal to state commission against the decisions of district forum. In other words. This act also awakes consumers regarding their rights and powers. Every country¶s Industrial policies are related two sectors one is public sector and other is private sector. Industry Policy of India Definition of Industrial policy Industrial policies are action plans of any country¶s govt. State govt. has power to make suitable numbers of district forum for protecting the rights of consumers. This commission can be made by state high court judges and 2 experts in the field of commerce and laws. it helps to educate consumers about his rights. it is necessary to include one lady member in the four expert team. After spending one decade this act becomes more strict for all cheaters who commit cheating with consumers. There are following features of industrial policies of India. Licensing policy . Main objective of making industrial policies are to help industries for their development and also try to increase the sale of industries by making more attractive industrial plans by Govt. Out of four. relating to industries and companies. National Commission National commission has power to solve all consumers¶ disputes and problems more than 2000000 Rs.

4. 3. 1953. Mining if iron ore. lead. manganese ore. For this they need not take special acceptance from govt. Technology policy Govt of India is supporting Indian manufacturer for importing new technology with large paper works. Coal and lignite. 5 Lakhs and also power to export up to Rs. 2 Lakhs to Rs. Small scale industrial policies Govt. zinc. many Indian manufacturers have imported different advance technology for effective production. 4. Direct foreign investment Under industrial policies. govt.unprotect small scale industries . 8. thinks that it will be help to generate new employment and also will support to private enterprise to enter in all sectors because Govt is closing the trend of reserve only for public sector companies. of India has increased the limit of investment in Small scale industries from Rs. 75 lakhs under small scale industries. of India started to reconstruct public sector which are getting loss and also encourage private enterprise to purchase shares of PSU . of India has opened doors for all foreigner for investing 51% direct investment in Indian industries .The Public sector company whose turnover is more than 2 crores rupees . Public sector policy Under new industrial policy. gypsum.Ignore to unemployed peoples 2. Criticisms of New Industrial policy 1. chrome ore. 3. has started specially care on them for their stable development . Mining of copper. 5. 1. molybdenum and wolfram. gold and diamond. Mineral oils. Arms and ammunition and allied items of defense equipment. After this.When a company starts a new factory in specific industry. of industry helps companies to get position in new work and Govt. sulphur. Minerals specified in the Schedule to the Atomic Energy (Control of Production and Use) Order. tin. govt. Atomic Energy. 5. 2. 2. it has to get license from Govt. govt. 6. 7. of India. Defense aircraft and warships. The following industries which now reserve under govt. reduced the member of licensed industries from 18 to 8 and these are related to security and social welfare of people. Reducing the no. Railway transport. sector.

Method of obtaining evidence 1. auditor can check the accounting information . 5.Vouching may be defined as an examination every transaction of a business with relevant valid documentary and other evidence with a view to find out if it is genuine and . documents . auditor can trust and audit evidence . Audit Evidence and Method of obtaining evidence Audit evidence is one of the basic principle governing an audit . Because without auditing. Inquiry and Confirmation Inquiry is research of internal and outside information relating to accounting. After true confirmation. 3. Inspection This is the main method of getting the evidence of audit . Audit evidence includes all internal and external evidence which are base of reporting of auditor. This is the test which tells auditor that internal control is prefect or not . in other words auditing is normal work of checking the books of accounts. A little mistake in accounting is very harmful for entire business. this is called analytical review. auditing Auditing means checking of books of accounts so that we can remove the errors and mistakes from books of accounts.3. auditor¶s duty is not check the fraud but check rules and regulation of accounting and laws of company. Confirmation consists to responses on inquires . Observation Observation is also main method of audit evidence . In auditing. 4. there may some mistake exists in the books of accounts which is very dangerous for business.Transfer of India currency to foreign country in the form of profit under new direct foreign investment policy. Voucher and vouching Voucher is a documentary evidence in support of a transaction in the books of account . Inspection means checks all records . Because before faith on accounting reports it is very necessary to check these report from any professional accountant. An Auditor should get all evidence in the process of his auditing work. Auditing is very important for safeguarding the interest of investors and shareholders. In this way auditor gets the Testimony of witnesses. Analytical Review With the medium of Ratio analysis .The act of establishing the accuracy and authenticity of entries in the account books is called vouching . After this auditor can reach on the pin points of truth . and physical assets and satisfy with their trust 2. It is differ from investigation. Computation Computation is calculation of correctness of accounting data.

it is possible that he might not have been for the business or the receipt might have been for the previous year . Information of company¶s nature . critical bent of mind. Irish states that vouching is technical term which refers to the inspection by auditor a transaction. 5. It aims at ascertaining whether a transaction is in order. but also to see that the transaction has been properly authorized . Ronald H. 2. Vouching means to substantiate an entry in the books of account not only with documentary evidence such as agreements . recorded and entered in the book . receipts .Clever frauds can be discovered only by proper vouching . In basic principle governing form and contents of working paper includes following matter . the auditor will do well to check the entries in detail because the curtailment of work will not in any way reduce his responsibility. Form of audit report 3. 1. if it is a big business. List of working charts 6. internal check may not be in operation and hence the auditor will have to check every entry. checking of the cash receipts with the counterfoils of the receipts . Article of association µs copies 4. To be on the safe side. In case he will be held guilty as was decided in case of Armitage V2. history . Memorandum of association 3. while in a small business. Audit and audit programme¶s copies 2. verification of the entries in the invoice book with the invoices . Therefore.the checking of the cash payments with the receipts issued by the payee and so on . It is through vouching that an auditor can satisfy himself as to the authenticity and completeness of transaction in the books of accounts. place of production 2. extracting of business in the ledger. Basic Principle of Governing the form and contents of working papers Basic Principle of Governing the form and contents of working papers includes in AAS-3 .bona fide. Photo copy of all directions of employers 7. The extent to which the auditor should check will depend upon the size of the business. has been properly authorized and is correctly recorded in the book. The success of an auditor. say . If he simply compares the entry . List of all reports relating interval audit or interval inspections Current Audit file Current audit file include following:1. counterfoils of receipt books or paying in book contracts . in vouching depends upon his intelligence. Vouching is considered to be the essence of auditing and therefore the auditor should be the very careful while vouching. Vouching means testing the truth of items appearing in the books of original entry. efficient internal check will be in operation and hence the auditor will be justified in relying upon a few test checks. the accounts of which he is auditing. Vouching also means checking of addition ledger positions. Copies of annual records like trade a/cs and profit and loss account and balance sheet . book .on the credit side of a cash book with the voucher . It must be fully complete Permanent Audit file Permanent Audit file includes following matter 1. accounts e. it is very important that the items with great care and intelligence. Different audit plan¶s record should be in it in which tells its nature and about its time . Content list of all important books of company. He should go beyond the books of account and go to the source of a transaction.g. Previous years a/c¶s audit report 8. Clearance the problems and confusion during the time of audit work 3. common sense observation and fact with which he handles his work. Brewer and Knott.

in the accounting field there is 90% cause of mistakes in accounts and 10% is the cause of fraud. This dispute has been solved by the case of syklosnchi V/s bright gram and company (1938) . at this time make your face as very serious and behave as you are officer of audit. income tax rates related to that company . If you are appointed as internal auditor of any company . Accountants should also corporate with chartered accountants because both coordination and co-operation can easily complete the complicate process of auditing. these papers and files are so important for auditor because if some one Charges that he did not perform his duty well. 6. So Chartered accountant must know up to date PPF . In my training as auditor I have visit so many companies for auditing their accounts. I always checked basic rules which applied in these accounts. So use this power. You have the power of demanding evidence of any journal entry in the books of company. so never see always accountant as doubted personality. If it is Indian company . 8. GRATUITY . There are different thoughts on this topic. Jobs is also increasing very fast in the field . explain full detail if companies accounts and financial reports are not giving true and fair view of company¶s revenue and financial position 10. Indian company law will apply if there is MNC then see the company laws of country where its head office is situated. Never show other if you get contentfraud in the books of accounts of company. In this case judge said that all the audit files have the property of auditor. 7.4. Some time customers claims that these papers should be in their custody because auditor is the agent of businessman. then keep regular audit so that when independent audit will be done . If you find any fraud in the books of accounts. then do not make responsible to all accounts department. What can Chartered accountant in the field of accounting Today area of accounting is spreading very fast . Go in the depth of this case. But auditor also claims that this paper should be in their custody because. excise rules and custom rules 9. Second. List of lost proofs 7. Paper of calculation of tax bonus. When you are writing your audit report . According to my thoughts. he deals with bank. directors of other companies or creditors as his agent. Auditor are entitled of these files and they work independent as the professional not as the agent of company Are you going for audit for any company accounts? Remember following points before auditing of companies account:1. 3. 4. Declare after completing the audit procedure and mention effect and part of accounts in which fraud is committed before doing this take care the interests of company. 2. then auditor can show these files and can protect his side. Chartered accountants must see also amendments in Company laws . Because you are not deductive and your professional work is to audit not to do doubt on employees. 6. When you reach the company office. Never show. EPF . the company¶s employees that you are enquiry the fraud of accounting. 5. Bank reconciliation statement 5. all work in books of accounts according to rules and regulations of accounting so that you feel proud on your internal auditing . Before doing audit of company accounts . these papers are created by them and their employees during the work of audit. Paper regarding stock evaluation Are audit files the property of auditor? This fact is very important in real situation whether audit files are the property of auditor or not.

. Chartered Accountants like Gopalkrishan and Shri Nivas taluri are putting stigma to great Accounting Education.of accounting . Sensex of Satyam Computer¶s Shares had fallen down 78% after reaching this Scam news in Indian Share market .The answer is not so easy because only doing auditing work or making accounts and calculating some reports have become very traditional or classic .A.A. or A professional accountant in the field of accounting . Ramlinga Raju accepted that he showed 13000 excess numbers of employees over actual numbers of employees in Satyam Computers and he was getting 20 Crores Rupees every month with this ghost employee¶s accounting . ‡Today C. Finance Officer of Satyam Computer Company Shri Nivas has done 7800 Crores of Rs. In this accounting Scams two facts came in existence:1. ‡He should come forward to take online accounting & auditing like as challenge . If you want to become modern accountant or advance chartered accountant then read this article very seriously . They can also do some marketing in this way for growing and developing their business Accounting Fraud in Satyam Company Only for material money. ‡They can also start their online Accounting education website where they can share their experience and knowledge with whole world . It is the duty of every Indian accountant to develop India with accounting education but what we are seeing that they are using accounting education for doing accounting Scams. B. Still enquires and investigation is continue but this is also bad for Indian Economy because. it is also get popular like BPO . 2. At this pin point what can do a C. can now take the responsibility Accounting Process outsource and its small name is APO . ‡They can become good teacher of accounting because their deep knowledge should be benefited to a large community . Accounting Scam.

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