Amendment status not verified — confirm the current text below against the official source.
Amendment of section, 2 of Nagaland Act II of 1967. In the Nagaland Sales tax Act, 1967, hereinafter called the Principal Act, in section 2, in the explanation to clause (3) following Explanations shall be added and be numbered as Explanations H, III and IV after the existing Explanation being numbered as Explanation I, namely : —“Explanation Il-A factor, a broker, a commission agent, a delcredere agent, an auctioneer or any other mercantile agent, by whatever names called, and whether of the same description as hereinbefore mentioned or not who carries on the business of selling goods and who has in the customary course of business, has authority to sell goods belonging to others including the principal is a dealer.” “Explanation III : — “business” includes (i) any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce, manufacture, whether or not such trade, commerce, manufacture, adventure or concern is carried on with the motive to make gain or profit and whether or not any gain or profit accrues therefrom: (ii) The execution of any works contract, or the transfer of the right to use any goods for any purpose; and (iii) any transaction including the rendering of any services in connection with the incidental or ancillary to, such trade, commerce, manufacture, adventure, concern, works contract or lease”. “Explanation IV: — Not with standing any thing contained elsewhere in this Act, or in any other law for the time being in force, every person holding a formal document or instrument empowering such a specified person to act for and in the name of local. Naga authorised by, or under “Power of Attorney” or any other authorisation, document by whatever name called, executed or signed, carries on business as aforesaid, in the State shall be deemed to be a dealer along with the local Naga and shall he jointly and severally subject to the provisions of this Act”.