Title : Shipping Development Fund Committee (Abolition) Act, 1986
State : Central
Year : 1986
THE SHIPPING DEVELOPMENT FUND COMMITTEE (ABOLITION) ACT, 1986 [Act, No. 66 of 1986] [24th December, 1986.] PREAMBLE An Act to abolish the Shipping Development Fund Committee constituted under the Merchant Shipping Act, 1958 and to provide for certain matters incidental thereto. BE it enacted by Parliament in the Thirty-seventh Year of the Republic of India as follows:- View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 1986
In this Act, unless the context otherwise requires,- (a) "Act" means the Merchant Shipping Act, 1958(44 of 1958); (b) "appointed day" means the date of commencement of this Act; (c) "Committee" means the Shipping Development Fund Committee constituted under section 15 of the Act; (d) "designated person" means the person appointed as such under section 16 of this Act; (e) "Fund" means the Shipping Development Fund Formed under section 14 of the Act; (f) "notified order" means an order notified in the Official Gazette; (g) "shipowner" means a person of the description mentioned in section 21 of the Act or who had obtained loans or financial assistance in any other form from the Committee; (h) "shipping concern" means any concern engaged in the business of shipping, owned,..... View Complete Act List Judgments citing this sectionTitle : Abolition of the Shipping Developing Fund Committee and Consequential Amendments in the Act
State : Central
Year : 1986
On and form the appointed day, the Shipping Development Fund Committee constituted under section 15 of the Act shall stand abolished, and accordingly the Act shall stand amended as follows:- (a) in the long title, the words "and a Shipping Development Fund" shall be omitted; (b) Part IV shall be omitted. View Complete Act List Judgments citing this sectionTitle : Moneys, Etc., of the Committee to Be Credited to the Consolidated Fund of India
State : Central
Year : 1986
On the appointed day, all moneys and cash balances lying in the credit of the Committee shall become part of, and be credited to, the Consolidated Fund of India. View Complete Act List Judgments citing this sectionTitle : Effect of Notified Order
State : Central
Year : 1986
(1) On the issue of a notified order under section 10- (a) if the shipowner is a company as defined in the Companies Act, 1956(1 of 1956), all persons holding office as directors of the shipowner, and in any other case, all persons holding any office having the powers of superintendence, direction and control immediately before the issue of the notified order, shall be deemed to have vacated their offices as such; (b) any contract of management between the shipowner and any director or person referred to in clause (a) holding office as such immediately before the issue of the notified order shall be deemed to have been terminated. (2) The directors or administrators appointed under section 10 shall take such steps as may be necessary to take into their custody or under their..... View Complete Act List Judgments citing this sectionTitle : No Right to Compensation for Termination of Contract of Management, Etc
State : Central
Year : 1986
(1) Notwithstanding anything to the contrary contained in any contract or in any law for the time being in force, no managing or whole-time director or any other director or a manager or any person in charge of management of a shipowner which is a company shall be entitled to any compensation for the loss of office or for the premature termination, under this Act, of any contract of management entered into by him with such company. (2) Nothing contained in sub-section (1) shall effect the right of any such managing or whole-time director, or any other director or manager or any such person in charge of management to recover from the shipowner moneys recoverable otherwise than by way of such compensation. View Complete Act List Judgments citing this sectionTitle : Effect of the Act on Other Laws
State : Central
Year : 1986
The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in the memorandum or articles of association of any company which is a shipowner or in any agreement, deed or other instrument having effect by virtue of any law other than this Act. View Complete Act List Judgments citing this sectionTitle : Directors, Etc., to Be Public Servants
State : Central
Year : 1986
Every director or administrator appointed under section 10 and the designated person appointed under section 16 shall be deemed to be a public servant within the meaning of section 21 of the Indian Penal Code(45 of 1860). View Complete Act List Judgments citing this sectionTitle : Shipping Development Fund Committee (Abolition)amendment Act, 1987
State : Central
Year : 1986
THE SHIPPING DEVELOPMENT FUND COMMITTEE (ABOLITION)AMENDMENT ACT, 1987 [Act, No. 41 of 1987] [2nd December, 1987] PREAMBLE An Act to amend the Shipping Development Fund Committee (Abolition) Act, 1986. BE it enacted by Parliament in the Thirty-eighth Year of the Republic of India as follows: - 1.Short title.- This Act may be called the Shipping Development Fund Committee (Abolition) Amendment Act, 1987. 2.Amendment of Act 66 of 1986.- In section 16 of the Shipping Development Fund Committee (Abolition) Act, 1986, in sub-section (1), for the words "this Chapter", the words "this Act" shall be substituted. View Complete Act List Judgments citing this sectionTitle : State of Arunachal Pradesh Act, 1986
State : Central
Year : 1986
THE STATE OF ARUNACHAL PRADESH ACT, 1986 [Act, No. 69 of 1986] [24th December, 1986] PREAMBLE An Act to provide for the establishment of the State of Arunachal Pradesh and for matters connected therewith. BE it enacted by Parliament in the Thirty-seventh Year of the Republic of India as follows : View Complete Act List Judgments citing this section