Bare Act Search Results

State Financial Corporations Act, 1951 Section 32A

Title: Power of Financial Corporation to Appoint Directors or Administrators of an Industrial Concern when Management is Taken over

State: Central

Year: 1951

.....concern on such terms and conditions as the Financial Corporation may think fit.] 2[(3) Nothing in the Companies Act, 1956 (1 of 1956) or in any other law for the time being in force or in any instrument relating to the industrial concern shall, insofar as it makes in relation to a director, any provision for the holding of any share qualification, age limit, restriction on the number of directorships, retirement by rotation or removal from office, apply to any director appointed by the Financial Corporation under this section.] ______________________ 1. Inserted by Act 56 of 1956, section 17 (w.e.f. 1-10-1956). 2. Inserted by Act 6 of 1962, section 16 (w.e.f.16-4-1962).

State Financial Corporations Act, 1951 Section 32F

Title: Restriction on Tiling of Suite for Dissolution, Etc., of an Industrial Concern Not Being a Company when Its Management is Taken over

State: Central

Year: 1951

1[32F. Restriction on tiling of suite for dissolution, etc., of an industrial concern not being a company when its management is taken over.-- (1) Where the management of an industrial concern not being a company as defined in the Companies Act, 1956 (1 of 1956) is taken over by the Financial Corporation, no suit or proceedings for dissolution or for partition shall, insofar as it relates to that industrial concern, lie in any court or before any tribunal or other authority except with the consent of the Financial Corporation. (2) No proceeding for the appointment of any official assignee or receiver in relation to any industrial concern the management of which has been taken over by the Financial Corporation shall lie in any court except with consent of the Financial Corporation.] ______________________ 1. Inserted by Act 56 of 1956, section 17 (w.e.f. 1-10-1956).

All India Services Act, 1951 Complete Act

State: Central

Year: 1951

.....Service, and (3) the Indian Medical and Health Service. The present Bill seeks to create the aforesaid services by amending the All India Services Act, 1951. Under section 3of the Act, the Central Government would be empowered to make rules for the regulation of recruitment, and conditions of service of persons appointed, to these services. - S.O.R. -Gaz. of Ind., 19-11-1962, Pt. II, S. 2, Ext., p. 1012. Act 23 of 1975.- In service matters occasions arise when it becomes an inescapable necessity to amend or make rules with retrospective effect. An instance in point is the implementation of the decisions of the Government on the recommendations of the Third Central Pay Commission. 2.Section 3of the All India Services Act, 1951 which empowers the Central Government to make rules for the regulation of recruitment and the conditions of service of persons appointed to an All India Service does not in terms permit the making of the rules with retrospective effect. In view of the opinion tendered by the Attorney-General in 1969 in connection with a po,int raised by the Public Accounts Committee regarding an exemption notification issued with retrospective effect under the Central.....

State Financial Corporations Act, 1951 Chapter III

Title: Powers and Duties of the Board

State: Central

Year: 1951

.....endorsement or in any other manner: Provided that such loan or advance or amount relates to any business which the Financial Corporation may transact under this Act.] ______________________ 1. Inserted by Act 43 of 1985, section 16 (w.e.f. 21-8-1985). Section 25B - Gifts, grants etc. 1[25B. Gifts, grants etc The Financial Corporation may receive gifts, grants, donations or benefactions from Government or any other source.] ______________________ 1. Inserted by Act, 39 of 2000, section 18 (w.e.f. 5-9-2000). Section 26 - Limit of accommodation 1[26. Limit of accommodation On and from the commencement of the State Financial Corporations (Amendment) Act, 2000, the Financial Corporation shall not enter into any arrangements under Clause (a), (d) or (h) of Sub-section (1) of Section 25 with any industrial concern so that the total amount outstanding against that concern in respect of all such arrangements together with the amount of the face value of the shares and stocks of that concern whether subscribed or agreed to be subscribed and the outstanding liabilities on account of underwriting agreements and the deferred payments guarantees is more than-- (i) five.....

Industries (Development and Regulation) Act, 1951 Complete Act

State: Central

Year: 1951

.....SECTION 09: IMPOSITION OF CESS ON SCHEDULED INDUSTRIES IN CERTAIN CASES (1) There may be levied and collected as a cess for the purposes of this Act on all goods manufactured or produced in any such scheduled industry as may be specified in this behalf by the Central Government by notified order a duty of excise at such rate as may be specified in the notified order, and different rates may be specified for different goods or different classes of goods: Provided that no such rate shall in any case exceed 13 paise per cent of the value of the goods. (2) The cess shall be payable at such intervals, within such time and in such manner as may be prescribed, and any rules made in this behalf may provide for the grant of a rebate for prompt payment of the cess. (3) The said cess may be recovered in the same manner as an arrear of land revenue. (4) The Central Government may hand over the proceeds of the cess collected under this section in respect of the goods manufactured or produced by any scheduled industry or group of scheduled industries to the Development Council established for that industry or group of industries, and where it does so, the Development Council shall utilise.....

The Madras Hindu Religious and Charitable Endowments Act, 1951[1] Complete Act

State: Tamil Nadu

Year: 1951

THE MADRAS HINDU RELIGIOUS AND CHARITABLE ENDOWMENTS ACT, 1951[1] THE MADRAS HINDU RELIGIOUS AND CHARITABLE ENDOWMENTS ACT, 1951 [1] MADRAS ACT No. XIX OF 1951 An Act to provide for the btter administration and governance of Hindu Religious and Charitable Institutions and Endowments in the State of Madras Whereas it is expedient to amend and consolidate the law relating to the administration and governance of Hindu religious and Charitable Institutions and Endowments in the State of Madras; It is hereby enacted as follows:- CHAPTER I PRELIMINARY 1. Short title, extent, application and commencement.-(1) This Act may be called the Madras Hindu Religious and Charitable Endowments Act, 1951. (2) It extends to the whole of the State of Madras and applies to all Hindu public religious institutions and endowments, including the Tirumalai Tirupati Devasthanams and the endowments thereof. Explanation.-In this sub-section, Hindu public religious institutions and endowments do not include Jain religious institutions and endowments. (3) It shall come into force on such date as the Government may, by notification in the Fort St. George Gazette appoint. 2. Power to.....

Representation of the People Act, 1951 Section 8

Title: Disqualification on Conviction for Certain Offences

State: Central

Year: 1951

.....harmony) or section 171E (offence of bribery) or section 171F (offence of undue influence or personation at an election) or sub-section (1) or sub-section (2) of section 376 or section 376A or section 376B or section 376C or section 376D (offences relating to rape) or section 498A (offence of cruelty towards a woman by husband or relative of a husband) or sub-section (2) or sub-section (3) of section 505 (offence of making statement creating or promoting enmity, hatred or ill-will between classes or offence relating to such statement in any place of worship or in any assembly engaged in the performance of religious worship or religious ceremonies) or the Indian Penal Code (45 of 1860), or (b) the Protection of Civil Rights Act, 1955 (22 of 1955), which provides for punishment for the preaching and practice of "untouchability", and for the enforcement of any disability arising therefrom; or (c) section 11 (offence of importing or exporting prohibited goods) or the Customs Act, 1962 (52 of 1962); or (d) sections 10 to 12 (offence of being a member of an association declared unlawful, offence relating to dealing with funds of an unlawful association or offence relating to.....

The Orissa Hindu Religious Endowments Act, 1951 Complete Act

State: Orissa

Year: 1951

THE ORISSA HINDU RELIGIOUS ENDOWMENTS ACT, 1951 THE ORISSA HINDU RELIGIOUS ENDOWMENTS ACT, 1951 [Published vide Orissa Act 11 of 1952. For Statement of Objects and Reasons, see Orissa Gazette Ext./10-3-1951, p. 49; and for Report of Select Committee, see ibid, 17-9-1951, pp. 1-10, and for proceedings in the Assembly, see Proceedings of the Orissa Legislative Assembly, Vol. XIV, No. 23, pp. 8-11.] PREAMBLE An Act to provide for the better administration and governance of Hindu religious institutions and endowments in the State of Orissa Whereas it is expedient to amend and consolidate the law relating the administration and governance of Hindu religious institutions and endowments in the State of Orissa; It is hereby enacted as follows: Section 1 - Short title, extent, application and commencement (1) This Act may be called the Orissa Hindu Religious Endowments Act, 1951. (2) It extends to the whole of the State of Orissa and applies to all Hindu public religious institutions and endowments. Explanation I-In this sub-section Hindu public religious institutions and endowments do not include Jain or Buddhist public religious institutions and endowments but include Sikh.....

Industries (Development and Regulation) Act, 1951 Section 18FA

Title: Power of Central Government to Authorise, with the Permission of the High Court,persons to Take over Management or Control of Industrial Undertakings

State: Central

Year: 1951

.....to-- (a) the industrial undertaking, the management of which has been taken over by the authorised person under this section, or (b) the concerned part in relation to which any function of control is exercised by the authorised person under this section, shall, during the period of such management or control, remain stayed, and, in computing the period of limitation for the enforcement of any right, privilege, obligation or liability in relation to such undertaking or the concerned part, the period during which such proceedings remained stayed shall be excluded. ____________________________ 1. Substituted by Act 32 of 1974, Section 2. for the words "ten years" (w.e.f. 29th June, 1974).

State Financial Corporations Act, 1951 Section 25

Title: Business Which Financial Corporation May Transact

State: Central

Year: 1951

.....promissory notes and bills of exchange made, down, accepted or endorsed by industrial concerns or by any person selling capital goods manufactured by one industrial concern to another industrial concern; (j) undertaking research and surveys for evaluating or dealing with marketing or investments or undertaking and carrying on techno-economic studies or other activities in connection with the development of any industry; (k) providing technical and administrative assistance to any industrial concern or any person for the promotion, management or expansion of any industry; (l) planning and assisting in the promotion and development of industries; (m) providing consultancy and merchant banking services; (n) acting as the trustee for the holders of debentures or other securities; (o) leasing, sub-leasing or giving on hire or hire-purchase of industrial plant, equipment, machinery or any other asset; (p) factoring; (q) providing export related credit and services; (r) undertaking money market related activities; (s) setting up of mutual funds and undertaking asset management activity; (t) promoting, forming or conducting or assisting in the promotion,.....