Bare Act Search Results

Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981 Complete Act

State: Central

Year: 1981

.....giving them any retrenchment benefits, the State Government of Haryana has been continuously urging the Government of India to take over this factory in view of the fact that a large number of employees will be thrown out of employment, if the factory is permanently closed down. The State Government of Haryana has indicated that owing to financial constraints and lack of technical expertise, the State Government is not in a position to take over this cement factory for restarting and running it. 3. The liability of the factory on its restart has been assesed and in the interest of restarting production of cement and also to provide employment to the workers, the Central Government had decided that it would be in the public interest to acquire the cement factory of this company and to transfer it to the Cement Corporation of India which is a public sector undertaking engaged in the manufacture and sale of cement. 4. The Bill seeks to give effect to the above object- Gaz. of Ind., 5-5-1981, Pt. II. S. 2 Ext., p. 361. An Act to provide for the acquisition and transfer of the undertakings of the Dalmia Dadri Cement Limited with a view to securing the proper management of such.....

Dalmia Dadri Cement Act 1981 Section 4

Title: General Effect of Vesting

State: Central

Year: 1981

.....in accordance with his rights and interests, payment of the mortgage money or other dues, in whole or in part,, out of the amount specified in section 7 and also out of the amount determined under section 8, but no such mortgage, charge, lien or other interest shall be enforceable against any property which has vested in the Central Government. (5) Any license or other instrument granted to the Company in relation to any undertaking which has vested in the Central Government under section 3, at any time before the appointed day and in force immediately before that day, shall continue to be in force on and after such day in accordance with its tenor in relation to, and for the purposes of, such undertaking and on from the day of vesting of such undertaking under section 6 in the Cement Corporation, that Corporation shall be deemed to be submitted in such license or other instrument as if such license or other instrument had been granted to the Cement Corporation and that Corporation shall hold it for the remainder of the period for which that Company would have held it under the terms thereof. (6) If, on the appointed day, any suit, appeal or other proceeding of wherever.....

Dalmia Dadri Cement Act 1981 Chapter II

Title: Acquisition and Transfer of the Undertakings of the Company

State: Central

Year: 1981

.....against that Corporation. (2) For the removal of doubts, it is hereby declared that,-- (a) save as otherwise expressly provided in this section or in any other provision of this Act, no liability of the Company in respect of any period prior to the appointed day, shall be enforceable against the Central Government, or where the undertakings of the Company are directed under section 6 to vest in the Cement Corporation, against that Corporation; (b) no award, decree or order of any court, tribunal or other authority in relation to the undertakings of the Company, passed after the appointed day, in respect of any matter, claim or dispute which arose before that day, shall be enforceable against the Central Government, or, where the undertakings of the Company as directed under section 6 to vest in the Cement Corporation, against that Corporation; (c) no liability incurred by the Company before the appointed day, for the contravention of a provision of any law for the time being in force, shall be enforceable against the Central Government, or, where the undertakings of the Company are directed under section 6 to vest in the Cement Corporation, against that.....

Hind Cycles Limited and Sen Raleigh Ltd. (Nationalisation) Rules, 1981 Complete Act

State: Central

Year: 1981

.....requires:" (a) "Act" means the Hind Cycles Limited and Sen-Raliegh Limited (Nationalisation) Act, 1980-. (b) 'Section' means a section of the Act. RULE 03: TIME LIMIT FOR INTIMATION Every mortgagee of any property which has vested under the Act in the Central Government or in a Government Company, as the case may be, and every person holding any charge, lien or other interest in, or in relation to, any such property shall give intimation of such mortgage, charge, lien, or other interest to the Commissioner within a period of thirty days from such date, as may be specified by the Central Government under Sec.18: Provided that if the Commissioner is satisfied that the mortgage of the person holding any charge, lien or other interest was prevented by sufficient cause from giving the intimation within the said period of thirty days, he may, after recording reasons in writing receive the intimation within a further period of thirty days and not thereafter. RULE 04: MANNER OF INTIMATION (1) Every intimation to be given to the Commissioner under rule 3-shall be in writing addressed to the Commissioner, and shall contain the following particulars, namely :" (a) Name, description.....

Export Import Bank of India Act, 1981 Complete Act

State: Central

Year: 1981

.....it enacted by Parliament in the Thirty-second Year of the Republic of India as follows:- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Export-Import Bank of India Act, 1981. (2) It extends to the whole of India. (3) It shall come into force on such date1as the Central Government may, by notification in the Office of this Act in the Official Gazette, appoint, and different dates may be appointed for different provisions SECTION 02: DEFINITIONS. In this Act, unless the context otherwise requires,- (a) "Board" means the Board of Directors of Exim Bank referred to in S. 6; (b) "Development Bank" means the Industrial Development Bank of India established under the Industrial Development Bank of India Act, 1964- (c) "Exim Bank" means the Export-Import Bank of India established under section 3-; (d) "export" and "import" mean, respectively, export from or import into India or any other country of goods or services, or both; (e) "goods" includes all materials, commodities and articles in a solid, liquid or gaseous state and all forms of energy; (f) "notification" means a notification published in the Official Gazette; (g) "prescribed" means.....

Export-import Bank of India Act, 1981 Chapter 4

Title: Business of the Exim Bank

State: Central

Year: 1981

.....as agent of the Central Government, any State Government, the Reserve Bank, the Development Bank or any other person as the Central Government may authorise; (v) collecting, compiling and disseminating market and credit information in respect of international trade; (w) doing any other kind of business which the Central Government may authorise; (x) generally doing such other acts and things as may be incidental to, or consequential upon, the exercise of its powers or the discharge of its duties under this Act or any other law for the time being in force, including sale or transfer of any of its assets. (3) The Exim Bank may receive in consideration of any of the services mentioned in sub-sections (1) and (2) such commission, brokerage, interest, remuneration of fees as may be agreed upon. (4) The Exim Bank shall not grant any loan or advance or other financial accommodation on the security of its own bonds or debentures.

Export-import Bank of India Act, 1981 Section 10

Title: Business of Exim Bank

State: Central

Year: 1981

.....as agent of the Central Government, any State Government, the Reserve Bank, the Development Bank or any other person as the Central Government may authorise; (v) collecting, compiling and disseminating market and credit information in respect of international trade; (w) doing any other kind of business which the Central Government may authorise; (x) generally doing such other acts and things as may be incidental to, or consequential upon, the exercise of its powers or the discharge of its duties under this Act or any other law for the time being in force, including sale or transfer of any of its assets. (3) The Exim Bank may receive in consideration of any of the services mentioned in sub-sections (1) and (2) such commission, brokerage, interest, remuneration of fees as may be agreed upon. (4) The Exim Bank shall not grant any loan or advance or other financial accommodation on the security of its own bonds or debentures.

National Bank for Agriculture and Rural Development Act, 1981 Section 28

Title: Security for Credit

State: Central

Year: 1981

.....as to the repayment of principal and payment of interest: Provided that no such guarantee shall be required in cases in which security to the satisfaction of the Board is furnished by the borrowing institution. (2) No accommodation shall be granted by the National Bank under clause (a) or clause (c) of sub-section (1) of section 25 or section 32 to any scheduled bank unless security to the satisfaction of the Board is furnished by such scheduled bank 1[(3) Notwithstanding anything contained in sub-section (/) or sub-section (2), no guarantee or security referred to therein shall be required in cases in which the Board, for reasons to be recorded in writing, decides that no such security or guarantee is necessary in respect of a scheduled bank, a State co-operative bank or any person or class of persons, specifically approved by the Board or in respect Of any scheme or class of schemes, having regard to the nature and scope of the scheme or schemes for which accommodation is proposed to be granted by the National Bank.] ________________________ 1. Substituted by National Bank For Agriculture And Rural Development (Amendment) Act, 2000 (55 of 2000). Prior to substitution.....

National Bank for Agriculture and Rural Development Act, 1981 Section 29

Title: Amounts and Securities to Be Held in Trust

State: Central

Year: 1981

.....security or other document obtained by borrowing institution is a reference to the National Bank and accordingly, the National Bank shall be entitled to recover the balance sums due under such loans and advances from the constituents of borrowing institution and any discharge given by the National Bank to such constituent shall be a valid discharge and the liquidator shall, on demand made by the National Bank, deliver to it all such contracts, securities and other documents, for due enforcement thereof by the National Bank. Explanation. --For the purposes of this sub-section, the word "liquidator" shall include liquidator or a provisional liquidator or any person or authority entrusted with the duty of liquidating the borrowing institution.] ________________________ 1. Inserted by National Bank For Agriculture And Rural Development (Amendment) Act, 2000 (55 of 2000)

Burmah Oil Company (Acquisition of Shares of Oil India Limited and of the Understakings in India or Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited) Act, 1981 Complete Act

State: Central

Year: 1981

.....Government company to take all necessary steps for taking possession of all properties, which have been transferred to. and vested in it under this Act. SECTION 15: CONTRACTS TO CONTINUE UNLESS TERMINATED BY CENTRAL GOVERNMENT - (1) Every contract, other than an Agreement referred to in sub-section (6) of section. entered into by a specified company for any service, sale or supply in India and into force immediately before the appointed day. shall, unless terminated under sub-section (2). within a period of two years from the appointed day. continue to be of full force .and effect against or in favour of the Central Government or. as the case may be. the successor Government company (2) The Central Government may. if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or is detrimental to the interests of that Government or the successor Government company as the case may, be. by order in writing; either terminate such contract or make such alterations or modifications therein as it may think in . Provided that the Central Government shall not terminate any contract or make any alteration or modification.....