Bare Act Search Results

Acquired Territories (Merger) Act, 1960 Complete Act

Title: Acquired Territories (Merger) Act, 1960

State: Central

Year: 1960

Preamble1 - ACQUIRED TERRITORIES (MERGER) ACT, 1960 Section1 - Short title Section2 - Definitions Section3 - Merger of acquired territories Section4 - Amendment of the First Schedule to the Constitution Section5 - Construction of references to existing constituencies Section6 - Provisions as to sitting members Section7 - Property and assets Section8 - Appropriation of moneys for expenditure in acquired territories Section9 - Extension of laws Section10 - Power to name authorities for exercising statutory functions Section11 - Power to remove difficulties ScheduleI - FIRST SCHEDULE ScheduleII - SECOND SCHEDULE

Acquired Territories (Merger) Act, 1960 Preamble 1

Title: Acquired Territories (Merger) Act, 1960

State: Central

Year: 1960

THE ACQUIRED TERRITORIES (MERGER) Act, 1960 [Act, No 64 of 1960] [28th December, 1960] PREAMBLE An Act to provide for the merger into the States of Assam, Punjab and West Bengal of certain territories acquired in pursuance of the agreements entered into between the Governments of India and Pakistan and for matters connected therewith. BE it enacted by Parliament in the Eleventh Year of the Republic of India as follows :

Acquired Territories (Merger) Act, 1960 Section 3

Title: Merger of Acquired Territories

State: Central

Year: 1960

(1) As from the appointed day, the acquired territories referred to in Part I, Part II and Part III of the First Schedule shall, respectively be included in and form part of the State of Assam, Punjab and West Bengal. (2) As from the appointed day, the State Government concerned shall, by order in the Official Gazette, provide for the administration of the acquired territories included in that State by including them or, any part of them in such district, sub-division, police station or other administrative unit as may be specified in the order.

Acquired Territories (Merger) Act, 1960 Section 8

Title: Appropriation of Moneys for Expenditure in Acquired Territories

State: Central

Year: 1960

(1) As from the appointed day, any Act passed by the Legislature of the State of Assam or Punjab or West Bengal before that day for the appropriation of any moneys out of the Consolidated Fund of that State to meet any expenditure in respect of any part of the financial year 1960-61, shall have effect also in relation to the acquired territories included in that State and it shall be lawful for the State Government concerned to spend any amount in respect of those territories out of the amount authorised by such Act to be expenditure for any service in that State. (2) The Governor of the State concerned may, after the appointed day, authorise such expenditure from the Consolidated Fund of that State as he deems necessary for any purpose or service in the acquired territories included in that State for a period of not more than three months beginning with the appointed day pending the sanction of such expenditure by the Legislature of that State.

Acquired Territories (Merger) Act, 1960 Complete Act

State: Central

Year: 1960

.....State by including them or, any part of them in such district, sub-division, police station or other administrative unit as may be specified in the order. SECTION 04: AMENDMENT OF THE FIRST SCHEDULE TO THE CONSTITUTION As from the appointed day, in the First Schedule to the Constitution- (a) in the paragraph relating to the territories of the State of Assam, after the words "the Assam Tribal Areas", the words, figures and brackets "and the territories referred to in Part I of the First Schedule to the Acquired Territories (Merger) Act, 1960" shall be inserted, (b) in the paragraph relating, to the territories of the State of Punjab, after the words and figures "the States Reorganisation Act, 1956". the words figures and brackets "and the territories referred to in Part II of the First Schedule to the Acquired Territories (Merger) Act, 1960" shall be inserted; (c) in the paragraph relating to the territories of the State of West Bengal, after the words, brackets and figures "the Bihar and West Bengal (Transfer of Territories) Act, 1956", the words, figures and brackets "and the territories referred to in Part III of the First Schedule to the Acquired Territories.....

Insurance Act, 1938 (4 of 1938) Section 52H

Title: Power of Central Government to Acquire Undertakings of Insurers in Certain Cases

State: Central

Year: 1938

.....such vesting be deemed to have been the rights and liabilities of such acquiring insurer. (6) Unless otherwise expressly provided by or under this section or sections 52-I to 52M, all contracts, deeds, bonds, agreements, powers-of-attorney, grants of legal representation and other instruments of whatever nature subsisting or having effect immediately before the appointed day and to which the acquired insurer is a party or which are in favour, of the acquired insurer shall be of as full force and effect against or in favour, of the Central Government or, as the case may be, the acquiring insurer, and may be enforced or acted upon as fully and effectually as if in the place of the acquired insurer the Central Government or the acquiring insurer had been a party thereto or as if they had been issued in favour of the Central Government or the acquiring insurer, as the case may be. (7) If, on the appointed day, any suit, appeal or other proceedings of whatever nature, is pending by or against the acquired insurer, the same shall not abate, be discontinued or be, in any way prejudicially affected by reason of the transfer of the undertaking of the acquired insurer or of anything.....

Banking Regulation Act, 1949 Section 36AE

Title: Power of Central Government to Acquire Undertakings of Banking Companies in Certain Cases

State: Central

Year: 1949

.....banking company has been given a reasonable opportunity of showing cause against the proposed action. Explanation.In this Part, (a) "notified order" means an order published in the Official Gazette; (b) "undertaking", in relation to a banking company incorporated outside India, means the undertaking of the company in India. (2) Subject to the other provisions contained in this Part, on the appointed day, the undertaking of the acquired bank and all the assets and liabilities of the acquired bank shall stand transferred to, and vest in, the Central Government. (3) The undertaking of the acquired bank and its assets and liabilities shall be deemed to include all rights, powers, authorities and privileges and all property, whether movable or immovable, including, in particular, cash balances, reserve funds, investments, deposits and all other interests and rights in, or arising out of, such property as may be in the possession of or held by, the acquired bank immediately before the appointed day and all books, accounts and documents relating thereto, and shall also be deemed to include all debts, liabilities and obligations, of whatever kind, then existing of the.....

General Insurance Business (Nationalisation) Act,1972 Chapter VI

Title: Functions of Corporation and Acquiring Companies and their Management

State: Central

Year: 1972

.....and where any directions have been issued by the1[ Central Government or the Insurance Regulatory and Development Authority established under sub-section (1) of section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999)] sh all be guided by such directions. ( 4 ) For the removal of doubts it is hereby declared that the Corp oration and any acquiring company may, sub ject to the rules, if any, made by the Central Government in this behalf, enter into such contracts of reinsurance or reinsurance treaties as it may think fit for the protection of its interests. _________________________ 1.Substituted by Act 40 of 2002, section 5, for "Corporation". Section 20 - Balance of profit how to be utilised (1) After making provision for bad and doubtful debts,depreciation in assets, provident, superannuation, welfare and otherfunds, debts due to Government and all other matters for which provision is necessary under anylaw or which are usually provided for by insurance companies, every acquiringcompany shall distribute the balance of profit as dividends. (2) Any profit made by the Corporationand any sums received by the Corporation by way of.....

Coal Bearing Areas (Acquisition and Development) Act, 1957 Section 13

Title: Compensation for Prospecting Licences Ceasing to Have Effect, Rights Under Mining Leases Being Acquired, Etc

State: Central

Year: 1957

.....of the amount so paid or tendered or as to the person to whom it is to be paid or tendered, he shall refer the dispute to the decision of the Tribunal. (7) No compensation under this section in relation to maps, charts and other documents shall be paid unless the person to whom it is payable has delivered to the prescribed authority all the maps, charts and other documents. ___________________________ 1. Substituted for "clauses (ii) and (iii)", by the Coal Bearing Areas (Acquisition and Development) Amendment Act, 1957 (Act 51 of 1957) w.r.e.f. 12.06.1957. 2. Inserted by the Coal Bearing Areas (Acquisition and Development) Amendment Act (Act 54 of 1971) w.e.f 11.12.1971.

Banking Regulation Act, 1949 Section 36AG

Title: Compensation to Be Given to Shareholders of the Acquired Bank

State: Central

Year: 1949

.....in consultation with the Reserve Bank, and shall be offered by it to all those to whom compensation is payable under sub-section (1) in full satisfaction thereof. (4) If the amount of compensation offered in terms of sub-section (3) is not acceptable to any person to whom the compensation is payable, such person may, before such date as may be notified by the Central Government in the Official Gazette, request the Central Government in writing, to have the matter referred to the Tribunal constituted under section 36AH. (5) If, before the date notified under sub-section (4), the Central Government receives requests, in terms of that sub-section, from not less than one-fourth in number of the shareholders holding not less than one-fourth in value of the paid-up share capital of the acquired bank, or, where the acquired bank is a banking company incorporated outside India, from the acquired bank, the Central Government shall have the matter referred to the Tribunal for decision. (6) If, before the date notified under sub-section (4), the Central Government does not receive requests as provided in that sub-section, the amount of compensation offered ' under sub-section (3),.....