Section 49, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q-ASH]

As at 6 September 2026. In force from 21 October 1976.

In Life Insurance Corporation (Modification of Settlement) Act, 1976 [A10-RE4]. This text from 19 February 2020, by Act 76 of 2020 [A11-Q2D]. Other texts (1): from 21 October 1976 to 18 February 2020.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 49, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q-ASH]. Machine: S1Q-ASH.

49. Maintenance of records and furnishing of returns.—(1) Every holder of land shall maintain such records and registers relating to the holding of land as may be prescribed and shall preserve them for a period of five years. (2) Every holder of land shall furnish to the Collector a return in Form 7 within one hundred and twenty days from the end of every financial year, and such other information as the Collector may, by order in writing, require.

Defined terms in this text (1)

holding: Section 2, Life Insurance Corporation (Modification of Settlement) Act, 1976 [S1Q9AY] (In this Act, unless the context otherwise requires,—): "holding" means a portion of land held by a landholder under one lease, engagement or grant

holding: 42 more definitions.

Made under this section, or naming it (0)

none

Cited by (1)

Section 2, Life Insurance Corporation (Modification of Settlement) Act (Amendment) Act, 2020 [S29-Q59], 19 February 2020, Band A. "section 49 of the Life Insurance Corporation (Modification of Settlement) Act, 1976 (72 of 1976)".

Not held (0)

none

Duties published under this section (0)

none