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Start Free TrialSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Complete Act
Title: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
State: Central
Year: 2002
.....of securitisation, reconstruction and creation of security interest Section24 - Modification of security interest registered under this Act Section25 - Securitisation company or reconstruction company or secured creditor to report satisfaction of security interest Section26 - Right to inspect particulars of securitisation, reconstruction and security interest transactions Chapter V Section27 - Penalties Section28 - Penalties for non-compliance of direction of Reserve Bank Section29 - Offences Section30 - Cognizance of offence Chapter VI Section31 - Provisions of this Act not to apply in certain cases Section32 - Protection of action taken in good faith Section33 - Offences by companies Section34 - Civil court not to have jurisdiction Section35 - The provisions of this Act to override other laws Section36 - Limitation Section37 - Application of other laws not barred Section38 - Power of Central Government to make rules Section39 - Certain provisions of this Act to apply after Central Registry is set-up or cause to be set-up Section40 - Power to remove difficulties Section41 - Amendments of certain enactments Section42 - Repeal and saving Schedule1 -.....
List Judgments citing this sectionCompetition Act, 2002 Chapter 9
Title: Miscellaneous
State: Central
Year: 2002
..... 1. Effective from 19.06.2003 by Notification No. SO 715 (E) Dated 19.06.2003. 2. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] for the words "the Commission", w.e.f. 12.10.2007. Section 58 - Chairperson, Members, Director General, Secretary, officers and other employees etc., to be public servants 2[58. Chairperson, Members, Director General, Secretary, officers and other employees etc., to be public servants.-- The Chairperson and other Members and the Director General, Additional, Joint, Deputy or Assistant Directors General and Secretary and officers and other employees of the Commission and the Chairperson, Members, officers and other employees of the Appellate Tribunal shall be deemed, while acting or purporting to act in pursuance of any of the provisions of this Act, to be public servants within the meaning of section 21 of the Indian Penal Code.] _______________________ 1. Effective from 19.06.2003 by Notification No. SO 715 (E) Dated 19.06.2003. 2. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] w.e.f. 12.10.2007. Prior to substitution it read as: .....
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Section 54
Title: Securing Possession of Records, Etc.
State: Central
Year: 2002
.....are likely to be mis-appropriated; or (b) the board of a multi-State co-operative society is reconstituted at a general meeting of the society; or (c) a multi-State co-operative society is ordered to be wound up under section 86 and the outgoing members of the board refuse to handover charge of the records and property of the society to those having or entitled to receive such charge, the Chief Executive may apply to the magistrate within whose jurisdiction the multi-State co-operative society functions for securing the records and property of the society. (2) On receipt of an application under sub-section (1), the magistrate may, by a warrant, authorise any police officer not below the rank of a sub-inspector to enter and search any place where such records and property are kept or are believed to be kept and to seize such records and property; and the records and property so seized shall be handed over to the new board or the liquidator, as the case may be. (3) Every such search and seizure shall be made in accordance with the provisions of the Code of Criminal Procedure, 1973.
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Section 45
Title: Elections of Members of Board
State: Central
Year: 2002
.....of the elected members of the board shall be such, not exceeding five years from the date of elections, as may be specified in the bye-laws of a multi-State co-operative society: Provided that elected members shall continue to hold office till their successors are elected or nominated under the provisions of this Act or the rules or bye-laws and assume charge of their office. (6) Where the board fails to conduct election of the members of board, the Central Registrar shall hold the election within a period of ninety days from the date when such election became due. (7) No person shall be eligible to be elected as a member of the board of a multi-State co-operative society unless he is a member of the general body of that society. (8) The expenses for holding election by the Central Registrar shall be borne by the multi-State co-operative society. (9) The Central Government may make rules generally to provide for or to regulate matters in respect of election of members of the board.
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Chapter V
Title: Direction and Management of Multi-state Co-operative Societies
State: Central
Year: 2002
.....for the refusal or failure to convene the special general meeting. Section 41 - Board of directors (1) Subject to the provisions of this Act and rules, there shall be a board of directors for every multi-State co-operative society consisting of such number of members as specified in sub-section (3). (2) The members of a multi-State co-operative society, by a resolution in a general meeting, shall elect directors who shall be members of board. (3) The board shall consist of such number of directors as may be specified in the bye-laws: Provided that the maximum number of directors in no case shall exceed twenty-one: Provided further that the board may co-opt we directors in addition to twenty-one directors specified in the first proviso: Provided also that the functional directors in the national co-operative societies shall also be the members of the board and such members shall be excluded for the purpose of counting the total number of directors specified in the first proviso. Section 42 - Association of employees in management decision making process Every multi-State co-operative society shall devise such procedure, as may be specified in the bye-laws.....
View Complete Act List Judgments citing this sectionSalaries and Allowances of Officers of Parliament (Second Amendment) Act, 2002 Section 2
Title: Insertion of New Section 7a
State: Central
Year: 2002
..... Provided that the spouse of such Speaker shall not be entitled to receive pension available to the spouse of any member of Parliament who dies during his term of office as such member for a period of five years from the date of death of the member under sub-section (1A) of section 8A of the Salary, Allowances and Pension of Members of Parliament Act, 1954 (30 of 1954). (2) Without prejudice to the provisions of clause (a) of sub-section (2) of section 4 and subject to any rules made in this behalf under section 11, such spouse shall be entitled to the use of unfurnished residence 'without payment of licence fee for the remainder of her life. (3) Subject to any rules made in this behalf under section 11,-- (a) such spouse, for the remainder of her life; and (b) the minor children of such Speaker, shall be entitled to medical attendance and treatment, free of charge,".
View Complete Act List Judgments citing this sectionCompetition Act, 2002 Section 63
Title: Power to Make Rules
State: Central
Year: 2002
.....(E) Dated 31.03.2003 2. Effective from 19.06.2003 by Notification No. SO 715(E) Dated 19.06.2003. 3. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] w.e.f. 12.10.2007. Prior to substitution it read as: "1 (a) the manner in which the Chairperson and other Members shall be selected under section 9;" 4. Omitted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. Prior to omission it read as: " 2 (c) the financial and administrative powers which may be vested in the Member Administration under section 13;" 5. Inserted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] w.e.f. 12.10.2007. 6. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] for the words "such other advisers, consultants or officers", w.e.f. 12.10.2007. 7. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] for the word "Registrar", w.e.f. 12.10.2007. 8. Clauses (h), (i) and (J) omitted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] w.e.f. 12.10.2007. Prior to omission it read as: "2 (h) for securing any case or matter which requires to be decided by a Bench composed of more than two Members.....
View Complete Act List Judgments citing this sectionCompetition Act, 2002 Section 54
Title: Power to Exempt
State: Central
Year: 2002
2[154. Power to exempt. The Central Government may, by notification, exempt from the application of this Act, or any provision thereof, and for such period as it may specify in such notification-- (a) any class of enterprises if such exemption is necessary in the interest of security of the State or public interest; (b) any practice or agreement arising out of and in accordance with any obligation assumed by India under any treaty, agreement or convention with any other country or countries; (c) any enterprise which performs a sovereign function on behalf of the Central Government or a State Government: Provided that in case an enterprise is engaged in any activity including the activity relatable to the sovereign functions of the Government, the Central Government may grant exemption only in respect of activity relatable to the sovereign functions.] _______________________ 1. Effective from 19.06.2003 by Notification No. SO 715 (E) Dated 19.06.2003. 2. Effective date:20th May 2009- notified vide Ministry of Corporate Affairs Notification No S.O.1241(E) dated 15.05.2009.
View Complete Act List Judgments citing this sectionCompetition Act, 2002 Section 53K
Title: Removal and Suspension of Chairperson and Members of Appellate Tribunal
State: Central
Year: 2002
.....his continuance in office prejudicial to the public interest. (2) Notwithstanding anything contained in sub-section (1), no Chairperson or a Member of the Appellate Tribunal shall be removed from his office on the ground specified in clause (e) or clause (f) of sub-section (1) except by an order made by the Central Government after an inquiry made in this behalf by a Judge of the Supreme Court in which such Chairperson or Member had been informed of the charges against him and given a reasonable opportunity of being heard in respect of those charges.] _________________________________ 1. Inserted by the Competition (Amendment) Act, 2007 [Act No 39 of 2007] w.e.f. 20.12.2007.
View Complete Act List Judgments citing this sectionMulti-state Co-operative Societies Act, 2002 Section 55
Title: Charge and Set-off in Respect of Share or Contribution or Interest of Member
State: Central
Year: 2002
A multi-State co-operative society shall have a charge on the share or contribution or interest in the capital and on the deposits of a member or past or deceased member and on any dividend, bonus or profits payable to a member or past member or the estate of a deceased member in respect of any debt due from such member or past member or the estate of such deceased member to the society, and may set-off any sum credited or payable to a member or past member or the estate of deceased member in or towards payment of any such debt.
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