Bare Act Search Results

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Complete Act

Title: Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983

State: Central

Year: 1983

.....- Examination of claims Section20 - Admission or rejection of claims Section21 - Disbursement of money by the Commissioner to claimants Section22 - Disbursement of amounts to the Company Section23 - Undisbursed or unclaimed amount to be deposited to the general revenue account Chapter VII Section24 - Act to have overriding effect Section25 - Contracts to cease to have effect unless ratified by the Central Government or Andrew Yule Section26 - Protection of action taken in good faith Section27 - Delegation of powers Section28 - Penalties Section29 - Offences by companies Section30 - Power to make rules Section31 - Power to remove difficulties Section32 - Repeal and saving ScheduleI - THE SCHEDULE

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Preamble 1

Title: Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act, 1983

State: Central

Year: 1983

THE TRANSFORMER AND SWITCHGEAR LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1983 [Act No. 41 of 1983] [25th December, 1983] PREAMBLE An Act to provide for the acquisition and transfer of the undertakings of the Transformer and Switchgear Limited with a view to securing the better utilisation of the available infra-structure thereof and to modernise and augment the production of transformers, switchgears and other allied electrical equipments by the said undertakings so as to subserve the interests of the general public be ensuring the continued supply of the aforesaid articles which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto. WHEREAS the Transformer and Switchgear Limited are engaged in the production of certain articles mentioned in the First Schedule to the Industries (Development and Regulation) Act, 1951(65 of 1951), under the heading "ELECTRICAL EQUIPMENT"; AND WHEREAS the Company had been suffering heavy losses for a number of years with the result that a majority of the workers of the Company had been laid off and the affairs of the Company are being managed in a manner.....

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Chapter II

Title: Acquisition and Transfer of the Undertakings of the Company

State: Central

Year: 1983

.....Andrew Yule, against Andrew Yule. (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 Andrew Yule, against Andrew Yule; (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 are directed under section 6 to vest in Andrew Yule, against Andrew Yule; (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 Andrew Yule, against Andrew Yule. Section 6 - Power of the Central.....

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Section 3

Title: Transfer To, and Vesting In, the Central Government of the Undertakings of the Company

State: Central

Year: 1983

On the appointed day, the undertakings of the Company, and the right, title and interest of the Company in relation to its undertakings, shall, by virtue of this Act, stand transferred to, and vest in, the Central Government.

Eastern Distilleries (Private) Limited (Acquisition and Transfer of Undertakings) Act, 1983 Complete Act

State: West Bengal

Year: 1983

.....LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1983 EASTERN DISTILLERIES (PRIVATE) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1983 44 of 1983 23rd March, 1984 An Act to provide for the acquisition and transfer, in the public interest, of the undertakings of the Eastern Distilleries (Private) Limited, and for matters connected therewith or incidental thereto. WHEREAS the Eastern Distilleries (Private) Limited had been engaged in the manufacture and production of industrial alcohol and spirit which are essential to the needs of the general public; AND WHEREAS the management of the undertakings of the Eastern Distilleries (Private) Limited had been conducted in a manner highly detrimental to the public interest ; AND WHEREAS the management of the undertakings of the Eastern Distilleries (Private) Limited was taken over by the Central Government under section 18A of the Industries (Development and Regulation) Act, 1951; AND WHEREAS for the purpose of reconstructing and rehabilitating the undertakings of the Eastern Distilleries (Private) Limited so as to subserve the interests of the general public by the augmentation of production and distribution of.....

Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act, 1983 Complete Act

State: Central

Year: 1983

.....the expiry of that period, ratified, in writing, by the Central Government or Andrew Yule, in which such undertakings have been vested under this Act, and in ratifying such contract, the Central Government or Andrew Yule may make such alteration or modification therein as it may think fit: Provided that the Central Government or Andrew Yule shall not omit to ratify a contract and shall not make any alteration or modification in a contract (a) unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interests of the Central Government or Andrew Yule; and (b) except after giving to the parties to the contract a reasonable opportunity of being heard and except after recording in writing its reasons for refusal to ratify the contract or for making any alteration or modification therein. SECTION 26: PROTECTION OF ACTION TAKEN IN GOOD FAITH (1) No suit, prosecution or other legal proceeding shall lie against the Central Government or any officer or other employee of that Government or Andrew Yule or other person authorised by the Central Government or Andrew Yule for anything which is in good faith done or intended.....

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Chapter V

Title: Provisions Relating to the Employees of the Company

State: Central

Year: 1983

.....person employed in any undertaking of the Company to the Central Government or Andrew Yule shall not entitle such officer or other employee to any compensation under this Act or under any order law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority. Section 13 - Provident fund and other funds (1) Where the Company has established a provident fund, superannuation fund, welfare fund or any other fund for the benefit of the persons employed in any of the undertakings of the Company, the monies relatable to the officers or other employees, whose services have become transferred, by or under this Act, to the Central Government or Andrew Yule, shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuation fund, welfare fund or other fund, stand transferred to, and vest in, the Central Government or Andrew Yule, as the case may be. (2) The monies which stand transferred under sub-section (1) to the Central Government or Andrew Yule, as the case may be, shall be dealt with by that Government or that company in such manner as may be prescribed.

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Section 13

Title: Provident Fund and Other Funds

State: Central

Year: 1983

(1) Where the Company has established a provident fund, superannuation fund, welfare fund or any other fund for the benefit of the persons employed in any of the undertakings of the Company, the monies relatable to the officers or other employees, whose services have become transferred, by or under this Act, to the Central Government or Andrew Yule, shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuation fund, welfare fund or other fund, stand transferred to, and vest in, the Central Government or Andrew Yule, as the case may be. (2) The monies which stand transferred under sub-section (1) to the Central Government or Andrew Yule, as the case may be, shall be dealt with by that Government or that company in such manner as may be prescribed.

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Chapter VI

Title: Commissioner of Payments

State: Central

Year: 1983

.....meaning of sections 193 and 228 of the Indian Penal Code(45 of 1860) and the Commissioner shall be deemed to be a civil court for the purposes of section 195 and Chapter XXVI of the Code of Criminal Procedure, 1973(2 of 1974). (7) A claimant, who is dissatisfied with the decision of the Commissioner, may prefer an appeal against the decision to the principal civil court of original jurisdiction within the local limits of whose jurisdiction the registered office of the Company is situated: Provided that where a person who is a Judge of a High Court is appointed to by the Commissioner, such appeal shall lie to the High Court of Madras and such appeal shall be heard and disposed of by not less than two Judges of the High Court. Section 21 - Disbursement of money by the Commissioner to claimants After admitting a claim under this Act, the amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom such amount is due, and on such payment, the liability of the Company in respect of such claim shall stand discharged. Section 22 - Disbursement of amounts to the Company (1) If, out of the monies paid to him in relation to the.....

Transformer and Switchgear Limited Acquisition and Transfer of Undertakings Act, 1983 Section 23

Title: Undisbursed or Unclaimed Amount to Be Deposited to the General Revenue Account

State: Central

Year: 1983

Any money paid to the Commissioner which remains undisbursed or unclaimed on the date immediately preceding the date on which the office of the Commissioner is finally wound up, shall be transferred by the Commissioner, before his office is finally wound up, to the general revenue account of the Central Government; but a claim to any money so transferred may be preferred to the Central Government by the person entitled to such payment and shall be dealt with as if such transfer had not been made, and the order, if any, for payment of the claim, being treated as an order for the refund of revenue.