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Oil Industry Development Act 1974 Chapter II

Title: The Oil Industry Development Board

State: Central

Year: 1974

.....or other person. (6) The Board may do all such things as may be incidental to or consequential upon the discharge of its functions under this Act. Section 6 - Functions of the Board (1) Subject to the provisions of this Act and the rules made there under, the Board shall render, in such manner, to such extent and on such terms and conditions as it may deem fit, financial and other assistance for the promotion of all such measures as are, in its opinion, conducive to the development of oil industry. (2) Without prejudice to the generality of the provisions of sub-section (1), the Board may render assistance under that sub-section by-- (a) making grants or advancing loans to any oil industrial concern or other person who is engaged or is to engage in any activity referred to in clause (k) of section 2; (b) guaranteeing on such terms and conditions as may be agreed upon loans raised by any oil industrial concern or other person which are repayable within a period not exceeding twenty-five years and are floated in the market or loans raised by an oil industrial concern or other person from any bank which is a scheduled bank, or a State co-operative bank, as defined.....

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Industries (Development and Regulation) Act, 1951 Chapter III

Title: Regulation of Scheduled Industries

State: Central

Year: 1951

.....to which the undertaking or undertakings relates or relate ; (c) prohibiting the industrial undertaking or undertakings from resorting to any act or practice which might reduce its or their production, capacity or economic value ; (d) controlling the prices, or regulating the distribution, of any article or class of articles which have been the subject-matter of investigation. (2) Where a case relating to any industry or industrial undertaking or undertakings is under investigation, the Central Government may issue at any time any direction of the nature referred to in sub-section (1) to the industrial undertaking or undertakings concerned , and any such direction shall have effect until it is varied or revoked by the Central Government. Section 17 - Special provisions for direct control by Central Government in certain cases [Repealed] Rep. by the Industries (Development and Regulation) Amendment Act, 1953 (26 of 1953), Section 12 (w.e.f. 1st October, 1953). Section 18 - Power of person or body of persons appointed under Section 15 to call for assistance in any investigation (1) The person or body of persons appointed to make any investigation under Section.....

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Industrial Reconstruction Bank of India Act, 1984 Section 49

Title: Power of Central Government to Grant Relief in the Case of Certain Assisted Industrial Concerns

State: Central

Year: 1984

.....of the business of the assisted industrial concern; (g) the payment in cash or otherwise to the members and other creditors in full satisfaction of their claims -- (i) in respect of their interests or rights, in, or against, the assisted industrial concernbefore the reconstruction or amalgamation; or (ii) where their interests or rights aforesaid, in, or against, the assisted industrial concern has or have been reduced under clause (f), in respect of such interests or rights as so reduced; (h) the vesting of controlling interest, in the reconstructed industrial concern, in the Central Government or its nominee either by the appointment of additional director or by the allotment of additional shares; (i) the allotment to the members of the assisted industrial concern, for any share or shares held by them therein before its reconstruction or amalgamation (whether their interest on such shares has been reduced under clause (f) or not), of shares in the assisted industrial concern on its reconstruction, or, as the case may be, in the transferee industrial concern and where any member claims payment in cash and not allotment of shares, or where it is not possible.....

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Small Industries Developement Bank of India Act, 1989 Chapter IV

Title: Business of the Small Industries Bank

State: Central

Year: 1989

.....and promissory notes made, drawn, accepted or endorsed by industrial concerns in the small-scale sector or by any person selling products manufactured by an industrial concern in the small-scale sector; (iii) subscribing to, or purchasing stocks, shares bonds or debentures of, any State Financial Corporation, State Industrial Development Corporation, State Small Industries Corporation, National Small Industries Corporation or 2 [such other financial institutions as may be approved by the Board in this behalf]; (iv) granting lines of credit or loans and advances to any State Financial Corporation, State Industrial Development Corporation, State Small Industries Corporation, National Small Industries Corporation or 2 [such other financial institutions as may be approved by the Board in this behalf|; (v) granting loans and advances to any industrial concern in the small-scale sector or subscribing to, or purchasing, or under-writing the issue of stocks, shares, bonds or debentures of, any such concern: Provided that nothing contained in this clause shall be deemed to preclude the Small Industries Bank from granting loans or advances to, or subscribing to the.....

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Industries (Development and Regulation) Act, 1951 Chapter III-A

Title: Direct Management or Control of Industrial Undertakings by Central Government in Certain Cases

State: Central

Year: 1951

.....the industrial undertaking on such terms and conditions as the Central Government may think fit. ___________________________ 1. Substituted by Act 6 of 1965, Section 2, for the former proviso. 2. Substituted by Act 32 of 1974, Section 2, for the words "ten years" (w.e.f. 29th June, 1974). Section 18AA - Power to take over industrial undertakings without investigation under certain circumstances 1 [18AA. Power to take over industrial undertakings without investigation under certain circumstances (1) Without prejudice to any other provision of this Act, if, from the documentary or other evidence in its possession, the Central Government is satisfied, in relation to an industrial undertaking, that-- (a) the persons in charge of such industrial undertaking have, by reckless investments or creation of incumbrances on the assets of the industrial undertaking, or by diversion of funds, brought about a situation which is likely to affect the production of articles manufactured or produced in the industrial undertaking, and that immediate action is necessary to prevent such a situation ; or (b) it has been closed for a period of not less than three months (whether by.....

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Small Industries Developement Bank of India Act, 1989 Section 13

Title: Business of Small Industries Bank

State: Central

Year: 1989

.....and promissory notes made, drawn, accepted or endorsed by industrial concerns in the small-scale sector or by any person selling products manufactured by an industrial concern in the small-scale sector; (iii) subscribing to, or purchasing stocks, shares bonds or debentures of, any State Financial Corporation, State Industrial Development Corporation, State Small Industries Corporation, National Small Industries Corporation or 2 [such other financial institutions as may be approved by the Board in this behalf]; (iv) granting lines of credit or loans and advances to any State Financial Corporation, State Industrial Development Corporation, State Small Industries Corporation, National Small Industries Corporation or 2 [such other financial institutions as may be approved by the Board in this behalf|; (v) granting loans and advances to any industrial concern in the small-scale sector or subscribing to, or purchasing, or under-writing the issue of stocks, shares, bonds or debentures of, any such concern: Provided that nothing contained in this clause shall be deemed to preclude the Small Industries Bank from granting loans or advances to, or subscribing to the.....

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Industrial Development Bank of India Act, 1964 [Repealed] Repealing Act 1

Title: The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003

State: Central

Year: 1964

.....INDUSTRIAL DEVELOPMENT BANK (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 2003 The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003 [Act, No. 53 of 2003] [30th December, 2003] PREAMBLE An Act to provide for the transfer and vesting of the undertaking of the Industrial Development Bank of India to, and in, the Company to be formed and registered as a Company under the Companies Act, 1956 to carry on banking business and for matters connected therewith or incidental thereto and also to repeal the Industrial Development Bank of India Act, 1964. BE it enacted by Parliament in the Fifty-fourth Year of the Republic of India as follows:-- 1. Short title and commencement (1) This Act may be called the Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003. (2) It shall come into force on such date as the Central Government may, by notification, appoint. 2. Definitions In this Act, unless the context otherwise requires,-- (a) "appointed day" means such date as the Central Government may, by notification, appoint under section 3; (b) "Company" means the Industrial Development Bank of India Limited to be formed and.....

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Khadi and Village Industries Commission Act, 1956 Chapter II

Title: The Khadi and Village Industries Commission

State: Central

Year: 1956

.....to acquire, hold and dispose of property and to contract, and may by the said name sue and be sued. 2 [(1A) Save as otherwise provided under this Act and the rules made thereunder, the exercise of all powers and discharge of all functions under this Act, including general superintendence, direction and management of day-to-day affairs of the Commission, shall vest in the Commission.]; 1 [(2) The Commission shall consist of the following members appointed by the Central Government, namely:- (a) six non-official members 3 [having specialised knowledge and not less than ten years of experience of khadi or village industries] and representing such six geographical zones of the country, as may be prescribed; 4 [(b) four non-official members of whom each member shall be from the following disciplines, namely:--- (i) one member having expert knowledge and experience in Science and Technology; (ii) one member having expert knowledge and experience in Marketing; (iii) one member having expert knowledge and experience in Rural Development; and (iv) one member having expert knowledge and experience in Technical Education and Training] 2 [(ba) the Chairman of the State.....

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Bombay Khadi and Village Industries Act, 1960, (Maharashtra) Preamble

Title: the Bombay Khadi and Village Industries Act, 1960

State: Maharashtra

Year: 1960

.....Audit Report before each House of the State Legislature. The necessary provision in that behalf has been deleted from section 23 of the principal Act. Section 25 of the principal Act provides for the maintenance of proper accounts and other relevant records including the profit and loss accounts and balance sheet and their audit. Often suggestions had been made on the floor of the House to present the audited accounts and the Audit Report thereon before each House of the State Legislature. Section 25 has therefore been amended accordingly to provide for presentation of the audited accounts and the Audit Report thereon before each House of the State Legislature.- vide Statement of Objects and Reasons.- Mah. 37 of 1975. The Maharashtra State Khadi and Village Industries Board was constituted under the Bombay Khadi and Village Industries Act, 1960, for the encouragement, organisation, development and regulation of Khadi and Village Industries in Maharashtra. Till the year 1972-73, the activities of this Board were confined only to financing of village industries included in the scheme of the Khadi and Village Industries Commission Act, 1956, and to extend to them technical.....

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Industries (Development and Regulation) Act, 1951 Section 18FA

Title: Power of Central Government to Authorise, with the Permission of the High Court,persons to Take over Management or Control of Industrial Undertakings

State: Central

Year: 1951

.....to-- (a) the industrial undertaking, the management of which has been taken over by the authorised person under this section, or (b) the concerned part in relation to which any function of control is exercised by the authorised person under this section, shall, during the period of such management or control, remain stayed, and, in computing the period of limitation for the enforcement of any right, privilege, obligation or liability in relation to such undertaking or the concerned part, the period during which such proceedings remained stayed shall be excluded. ____________________________ 1. Substituted by Act 32 of 1974, Section 2. for the words "ten years" (w.e.f. 29th June, 1974).

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