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Start Free TrialSick Textile Undertakings( Nationalisation) Act, 1974 Complete Act
Title: Sick Textile Undertakings( Nationalisation) Act, 1974
State: Central
Year: 1974
.....- Assumption of liability Section28 - Management to continue to vest in the Custodian until alternative arrangements are made Section29 - Act to override all other enactments Section30 - Contracts to cease to have effect unless ratified by National Textile Corporation Section31 - Transferor assets, etc., to be void in certain cases Section32 - Penalties Section33 - Offences by companies Section34 - Protection of action taken in good faith Section35 - Textile companies not to be wound up by the Court Section36 - Delegation of powers Section37 - Power to make rules Section38 - Power to remove difficulties Section39 - Declaration as to the policy of the State Section40 - Repeal and savings ScheduleI - FIRST SCHEDULE ScheduleII - SECOND SCHEDULE
List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Complete Act
Title: Tea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985
State: Central
Year: 1985
.....the general revenue account Chapter VII Section23 - Act to have overriding effect Section24 - Assumption of liability Section25 - Management to continue to vest in certain persons until alternative arrangements have been made Section26 - Contracts to cease to have effect unless ratified by the Tea Trading Corporation Section27 - Penalties Section28 - Offences by companies Section29 - Protection of action taken in good faith Section30 - Tea companies not to be wound up by the court Section31 - Delegation of powers Section32 - Power to make rules Section33 - Power to remove difficulties Section34 - Repeal and saving ScheduleI - FIRST SCHEDULE ScheduleII - SECOND SCHEDULE Amending ActI - THE TEA COMPANIES (ACQUISITION AND TRANSFER OF SICK TEA UNITS) AMENDMENT ACT, 1991
List Judgments citing this sectionSick Textile Undertakings (Taking over of Management) Act, 1972 Complete Act
Title: Sick Textile Undertakings (Taking over of Management) Act, 1972
State: Central
Year: 1972
.....to make certain declarations in relation to sick textile undertakings Chapter 4 Section8 - Textile companies not to wound up Section9 - Contracts, etc., in bad faith may be cancelled or varied Section10 - Power to terminate the contract of employment Section11 - Management of sick textile undertakings pending taking over physical possession by the Custodian Section12 - Protection of action taken in good faith Section13 - Delegation of powers Section14 - Debts incurred for the purposes of textile undertaking to have priority Section15 - Penalties Section16 - Offences by companies Section17 - Power to make rules Section18 - Repeal and saving Schedule1 - SCHEDULE I Schedule2 - SCHEDULE II
List Judgments citing this sectionSick Industrial Companies (Special Provisions) Act, 1985 Complete Act
Title: Sick Industrial Companies (Special Provisions) Act, 1985
State: Central
Year: 1985
.....for continuing operations, etc., during inquiry Section20 - Winding up of sick industrial company Section21 - Operating agency to prepare complete inventory, etc. Section22 - Suspension of legal proceedings, contracts, etc. Section22A - Direction not to dispose of assets Chapter IV Section23 - Loss of fifty per cent, net worth by industrial companies Section23A - Proceedings on report, etc., of loss of fifty per cent, net worth Section23B - Power of Board to call for periodic information Section24 - Misfeasance proceedings Section25 - Appeal Section26 - Bar of jurisdiction Section27 - Delegation of powers Section28 - Returns and information Section29 - Power to seek the assistance of Chief Metropolitan Magistrate and District Magistrate Section30 - Protection of action taken in good faith Section31 - Saving of pending proceedings Section32 - Effect of the Act on other laws Section33 - Penalty for certain offences Section34 - Offences by companies Section35 - Power to remove difficulties Section36 - Power to make rules Schedule1 - THE SCHEDULE Amending Act1 - AMENDMENT ACT
List Judgments citing this sectionSick Industrial Companies (Special Provisions) Repeal Act, 2003, (Central) Complete Act
Title: Sick Industrial Companies (Special Provisions) Repeal Act, 2003, (Central)
State: Central
Year: 2003
Preamble1 - SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003 Section1 - Short title and commencement Section2 - Definitions Section3 - Repeal of Act 1 of 1986 and dissolution of Appellate Authority and Board Section4 - Consequential provisions Section5 - Saving Section6 - Power to make rules
List Judgments citing this sectionIndian Wireless Telegraphy Act, 1933 (17 of 1933) Complete Act
Title: Indian Wireless Telegraphy Act, 1933 (17 of 1933)
State: Central
Year: 1933
Preamble1 - INDIAN WIRELESS TELEGRAPHY ACT, 1933 Section1 - Short title, extent and commencement Section2 - Definitions Section3 - Prohibition of possession of wireless telegraphy apparatus without license Section4 - Power of Central Government to exempt persons from provisions of the Act Section5 - Licenses Section6 - Offence and penalty Section7 - Power of search Section8 - Apparatus confiscated or having no owner to be property of Central Government Section9 - Power of Court to direct payment of fines to prescribed authority Section10 - Power of Central Government to make rules Section11 - Saving of Indian Telegraph Act, 1885
List Judgments citing this sectionSick Industrial Companies (Special Provisions) Act, 1985 Section 17
Title: Powers of Board to Make Suitable Order on the Completion of Inquiry
State: Central
Year: 1985
.....under section 16, the Board is satisfied that a company has become a sick industrial company, the Board shall, after considering all the relevant facts and circumstances of the case, decide, as soon as may be by order in writing, whether it is practicable for the company to1[make its net worth exceed the accumulated losses] within a reasonable time. (2) If the Board decides under sub-section (1) that it is practicable for a sick industrial company to1[make its net worth exceed the accumulated losses] within a reasonable time, the Board, shall, by order in writing and subject to such restrictions or conditions as may be specified in the order, give such company as it may deem fit to1[make its net worth exceed the accumulated losses.] (3) If the Board decides under sub-section (1) that it is not practicable for a sick industrial company to2[make its net worth exceed the accumulated losses] within a reasonable time and that it is necessary or expedient in the public interest to adopt all or any of the measures specified in section 18 in relation to the said company it may, as soon as may be, by order in writing, direct any operating agency specified in the order to prepare,.....
View Complete Act List Judgments citing this sectionSick Textile Undertakings( Nationalisation) Act, 1974 Section 17
Title: Appointment of Commissioners of Payments
State: Central
Year: 1974
.....persons also to exercise all or any of the powers exercisable by him under this Act, and different persons may be authorised to exercise different powers. (3) Any person authorised by the Commissioner to exercise any powers may exercise those powers in the same manner and with the same effect as if they have been conferred on that person directly by this Act and not by way of authorisation. (4) The salaries and allowances of the Commissioner and other persons appointed under this section shall be defrayed out of the Consolidated Fund of India. (5) References in this Act to the Commissioner shall, where more than one Commissioner has been appointed, be construed as references to the Commissioner in relation to the sick textile undertaking within the local limits of the jurisdiction specified under clause (b) of sub-section (1).
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Section 17
Title: Priority of Claims
State: Central
Year: 1985
The claims made under section 16 shall be priorities in accordance with the following principles, namely:-- (a) Category I shall have precedence over all other categories and category II shall have precedence over Category III, and so on; (b) the claims specified in each of the categories shall rank equally and be paid in full, but if the amount paid to the Commissioner under this Act is insufficient to meet such claims in full, they shall abate in equal proportions and be paid accordingly; and (c) the question of discharging any liability with regard to a matter specified in a lower category shall arise only if a surplus is left after meeting all the liabilities specified in the immediately higher category.
View Complete Act List Judgments citing this sectionSick Textile Undertakings (Taking over of Management) Act, 1972 Section 17
Title: Power to Make Rules
State: Central
Year: 1972
(1) The Central Government may, by notification, make rules to carry out the provisions of this Act. (2) Every rule made by the Central Government under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.
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