Question

how did presidecy town come into exsistence

Answer 1

1. The Act has been amended in Bombay by Bom.Acts 20 of 1933 and 15 of 1939; in Bengal by Ben.Act 18 of 1936; and in Madras by Mad. Act 5 of 1943

An Act to amend the Law of Insolvency in the Presidency towns 1

WHEREAS it is expedient to amend the law relating to insolvency in the Presidency-towns 2

It is hereby enacted as follows:–

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1. The words and the town of Rangoon rep. by the A.O.1937.

2. {The words “and the town of Karachi” rep.by the A.O.1948.The words “towns of Rangoon and Karachi” had been subs.for “town of Rangoon” by Act 9 of 1926, s.2, and the words “town of” had been subs.for “towns of Rangoon and” by the A.O.1937;

Section 1. Short title and commencement

(1) This Act may be called the Presidency-towns Insolvency Act, 1909.

(2) It shall come into force on the first day of January 1910.

Section 2. Definitions

In this Act, unless there is anything repugnant in the subject or context,–

(a) “Creditor” includes a decree-holder;

(b) “Debt” includes a judgment-debt, and “debtor” includes a judgment-debtor;

1[* * *]

(c) “Official assignee” includes an acting official assignee 2[and a deputy official assignee, whether permanent or acting];

(d) “Prescribed” means prescribed by rules;

(e) “Property” includes any property over which or the profits of which any person has a disposing power which he may exercise for his own benefit;

(f) “Rules” means rules made under this Act;

(g) “Secured creditor” includes a landlord who under any enactment for the time being in force has a charge on land for the rent of that land;

(h) “The Court” means the Court exercising jurisdiction under this Act; and

(i) “Transfer of property” includes a transfer of any interest therein and any charge created thereon;

3[(j) “States” means all the territories 4[which immediately before the 1st November, 1956, were comprised] within Part A States and Part C States.]

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Answer 2

Answer:

Explanation:a