Any of the following acts of the debtor shall be an act of bankruptcy, namely:—

(a) if, in Bangladesh or elsewhere, he makes a transfer of all or substantially all 4he property kept in his name or in the name of his wife, son or daughter by benami to a third person for the benefit of his creditors generally;

(b) if, in Bangladesh or elsewhere, he makes a transfer of his property or property kept in the name of his wife, son or daughter by benami or of any part thereof with intent to defeat or delay his creditors' demand;

Explanation.— A person shall be deemed to have transferred his property or any part thereof with intent to defeat or delay his creditors' demand, if he, without receiving reasonable value therefore, made such transfer at a time when he was unable to pay his debts.

(c) if, in Bangladesh or elsewhere, he makes any transfer of his property or of any part thereof or mortgages, pledges, hypothecates or creates charge thereon, which would, under this Act or any other enactment for the time being in force, be void as a fraudulent preference if he were adjudged bankrupt;