Bare Act Search Results

Coal Mines (Nationalisation) Act, 1973 Complete Act

State: Central

Year: 1973

.....the above two Acts. Some of the important amendments which the Ordinance proposed were as follows:- (a) the definition of "mine'' inthe Coking Coal Actandthe Coal Mines Actincluded all coal and coke belonging to the owner of the mine whether in stock or in transit and all coal under production in a mine on a day immediately prior to the date on which the coal mines were nationalised. Accordingly, the amounts specified in the Schedules to the two Acts included the value of the coke and coal in stock lying at the mines at the time of nationalisation. The Supreme Court, however, in a recent case, while agreeing with the contention that the coke and coal stocks lying at the mine vested in the Government as a result of nationalisation, took the view that the value of coke and coal stocks had to be taken into account for balancing the position of accounts as on the date immediately preceding the date of nationaliiation. This would have involved double payment of the amount in as much as the value of the coke and coal stocks had already been included in the amounts mentioned in the Schedules to the Acts against each coal mine. In order to make the intention clear sections 10and22 of.....

Coal Mines (Nationalisation) Act, 1973 Chapter II

Title: Acquisition of the Rights of Owners of Coal Mines

State: Central

Year: 1973

.....been omitted with effect from 1-6-1973 by the Coal Mines Nationalisation Laws (Amendment) Act (57 of 1986), Section. 11 (1)(a). The omission of sub-section (2) of section 3 of the Coal Mines Act by clause (a) of sub-section (1) of this section shall not affect the previous operation of the provisions of the said sub-section (2) or anything duly done or suffered under. 2. Inserted by the Coal Mines (Nationalisation) Amendment Act (67 of 1976), Section. 3 (w.r.e.f. 29-4-1976). 3. Sub-section (3) substituted by the Coal Mines(Nationalisation) Amendment Act,1993(47 of 1993) w.e.f. 09.06.1993.Prior to substitution it read as under: "(iii) a company engaged in the production of iron and steel, shall carry on coal mining operation, in India, in any form" 4. Words and figures, "notwithstanding anything contained in sub-section (2), or in the proviso to sub-section (2) of section 3 of the Coal Mines (Taking Over of Management) Act, 1973", omitted by the Coal Mines (Nationalisation) Amendment Act (67 of 1976), Section. 3 (w.r.e.f. 29-4-1976), Section. 11(1)(b) (w.r.e.f. 1-5-1973). 5. Inserted by the Coal Mines (Nationalisation) Amendment Act (67 of 1976), Section. 11(1)(c).....

Coal Mines (Nationalisation) Act, 1973 Section 6

Title: Properties Vested in the Central Government to Be Freed from Mortgages Etc

State: Central

Year: 1973

.....attachment, injunction or decree or order of any court restricting the use of such property in any manner shall be deemed to have been withdrawn. (2) Every mortgagee of any property which has vested under this Act in the Central Government or a Government company, and every person holding any charge, lien or other interest in or in relation to any such property shall give, within such time and in such manner as may be prescribed, an intimation to the Commissioner of such mortgage, charge, lien or other interest. (3) For the removal of doubts, it is hereby declared that the mortgagee of any property referred to in sub-section (1) or any other person holding any charge, lien or other interest in, or in relation to, any such property shall be entitled to claim, 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 relation to such property in the Schedule, but no such mortgage, charge, lien or other interest shall be enforceable against any property which has vested in the Central Government or the Government company.

North Eastern Hill University Act, 1973 Complete Act

State: Central

Year: 1973

.....taken upon the result of such inspection or inquiry. : (9) Where the Executive Council or the management does not, within a reasonable time, take action to the satisfaction of the Visitor, the Visitor may. after considering any explanation furnished or representation made by the Executive Council or management, issue such directions as he may think fit and the Executive Council or management, as the case may be, shall comply with such directions. (10) Without prejudice to the foregoing provisions of this section, the visitor may, by order in writing, annul any proceeding of the University which is not in conformity with this Act, the Statutes or Ordinances: Provided that before making any such order, he shall call upon the University to show cause why such an order should not be made, and if any cause is shown within a reasonable time, he shall consider the same. (11)The visitor shall have such other powers as may be prescribed by the Statutes. SECTION 09: CHIEF RECTOR -The Governor of the6[State of Meghalaya] shall be the Chief Rector of the University. SECTION 10: OFFICERS OF THE UNIVERSITY - The following shall be the officers of the University :- (1) The Chancellor; (2).....

North-eastern Hill University Act, 1973 Schedule I

Title: Schedule

State: Central

Year: 1973

.....have the right toadvise the Executive Council and the Academic Council on any academic matter. (3) On the date determined bythe Visitor under sub-section (3) of section 23, this Statute shall cease tohave effect. 17. Schools of Studies andDepartments (1) The University shall havesuch Schools of studies as may be specified by the Ordinances. (2) Every School shall have aSchool Board. The members of the first school Board shall be nominated by theExecutive Council and shall hold office for a period of three years. (3) The powers and functions ofa School Board shall be prescribed by the Ordinances. (4) The conduct of the meetingsof a School Board and the quorum required for such meetings shall be prescribedby the Ordinances. (5)(a) Each School shallconsist of such Departments as may be assigned to it by the Ordinances, (b) No Department shall beestablished or abolished except by these Statutes: Provided that the ExecutiveCouncil may, on the recommendation of the Academic Council, establish Centres ofStudies to which may be assigned such teachers of the University as theExecutive Council may consider necessary. (c) Each Department shallconsist of the following.....

Foreign Exchange Regulation Act, 1973 [Repealed] Repealing Act 1

Title: Foreign Exchange Management Act, 1999

State: Central

Year: 1973

.....of section 10 to deal in foreign exchange or foreign securities; (d) "Bench" means a Bench of the Appellate Tribunal; (e) "capital account transaction" means a transaction which alters the assets or liabilities, including contingent liabilities, outside India of persons resident in India or assets or liabilities in India of persons resident outside India, and includes transactions referred to in sub-section (3) of section 6; (f) "Chairperson" means the Chairperson of the Appellate Tribunal; (g) "chartered accountant" shall have the meaning assigned to it in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949); (h) "currency" includes all currency notes, postal notes, postal orders, money orders, cheques, drafts, travellers cheques, letter of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank; (i) "currency notes" means and includes cash in the form of coins and bank notes; (j) "current account transaction" means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction.....

Coal Mines (Nationalisation) Act, 1973 Chapter III

Title: Payment of Amount

State: Central

Year: 1973

.....as sub-section (1) thereof, and after sub-sec. (1) so renumbered sub-section (2) inserted by the Coal Mines Nationalisation Laws (Amendment) Act (5 of 1986), Section. 13 (w.r.e.f. 1-5-1973). Section 9 - Payment of further amount (1) In consideration of the retrospective operation of the provisions of sections 3, 4 and 5, there shall be given by the Central Government, in cash, to the owner of every coal mine or group of coal mines specified in the Schedule, an amount equal to the amount which would have been, but for the provisions of the said sections 3, 4 and 5, payable to such owner under the coal Mines (Taking Over of Management) Act, 1973, for the period commencing on the 1st day of May, 1973, and ending on the date on which this Act receives the assent of the President. (2) In addition to the amount referred to in sub-section (1), there shall be given by the Central Government, in cash, to the owner of every coal mine or group of coal mines specified in the Schedule, simple interest at the rate of four per cent per annum on the amount specified against such owner in the corresponding entry in the fifth column of the Schedule for the period commencing on the.....

Coal Mines (Nationalisation) Act, 1973 Section 10

Title: Income Derived by the Owners of Coal Mines After the Appointed Day to Be Refunded to the Central Government

State: Central

Year: 1973

.....referred to in sub-section (1), any income is found to. have been derived by the owner from the coal mine during the period referred to in that sub-section, such income shall be recoverable by the Central Government from the amount payable under Section 8 to the owner of such coal mine, and the debt due to the Central Government on this account shall rank as an unsecured debt. (3) If no account is rendered by the owner of a coal mine within the period referred to in sub-section (1) or if the Central Government or the Government company has any reason to believe that the account rendered by such owner is incorrect or false in material particulars, the Central Government company may refer the matter to the Commissioner and thereupon the Commissioner shall determine the income derived by the owner from the coal mine during the period referred to in sub-section (1), and take steps to recover the said income from the amount payable to the owner of the coal mine under Section 8, as if the debt due to the Central Government on this account were an unsecured debt. (4) No mortgage, charge, lien or other incumbrance in relation to a coal mine or any asset thereof shall be binding on.....

Coal Mines Taking over of Management Act 1973 Chapter II

Title: Management of Coal Mines

State: Central

Year: 1973

.....the words "appointed day", wherever they occur, the words, brackets and figures "date of the declaration made by the Central Government under sub-section (2) of section 3" shall be substituted. (3) If any error or omission is notified in the Schedule in relation to the name or address of the owner of a coal mine, the owner of such mine shall, within thirty days from the date on which this Act receives the assent of the President, bring such error or omission to the notice of the Central Government. (4) If, after the appointed day, the Central Government is satisfied, whether from any information received by it or otherwise, that there has been any error, omission or misdescription in relation to the particulars of a coal mine included, or deemed to be included, in the Schedule or the name and address of the owner of any such coal mine, it may, by notified order, correct such error, omission or misdescription, and on the issue of such notified order the relevant entries in the Schedule shall stand corrected accordingly: Provided that no such correction in relation to ownership of a coal mine shall be made where such ownership is in dispute. (5) Every person in charge,.....

Coal Mines Taking over of Management Act 1973 Section 5

Title: Management of Coal Mines Pending the Appointment of Custodian

State: Central

Year: 1973

..... (c) all registers or other books containing particulars relating to the investment of any monies pertaining to the coal mine including investments on mortgaged properties and all loans granted or advances made. (6) Without prejudice to the generality of the powers confefrerd by sub-section (1) and the provisions contained in sub-section (2), (4) and (5), any directions issued under sub-section (1) may require the persons in charge of the management of a coal mine under this Act to furnish to the Central Government or to the the authorised person such returns, statements and other information relating to the coal mine as may be mentioned in the direction. (7) The persons in charge of the management of the coal mine under this Act shall be entitled to such remuneration, whether by way of allowance or salary or perquisites as the Central Government may fix; and any such person may, by giving one month's notice in writing to the Central Government of his intention so to do, relinquish charge of the management of the coal mine.