Title : Continuance of Employees
State : Central
Year : 1987
(1) Every person who has been, immediately before the appointed day, employed in any undertakings of the Company shall become,- (a) on and from the appointed day, an employee of the Central Government, and (b) where the undertakings of the company are directed under sub-section (1) of section 6 to vest in Andrew Yule, an employee of Andrew Yule on and from the date of such vesting; and shall hold office or service under the Central Government of Andrew Yule, as the case may be, with the rights and privileges as to pension, gratuity and other matters admissible to him immediately before the appointed day, as modified by the Memoranda of Settlement signed by the representatives of the management and the employees of the Company on the 28th day of January, 1986 and the 30th day of..... View Complete Act List Judgments citing this sectionState : Central
Year : 1987
BRENTFORD ELECTRIC (INDIA) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT 1987 BRENTFORD ELECTRIC (INDIA) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT 1987 36 of 1987 15th September, 1987 STATEMENT OF OBJECTS AND REASONS The Brentford Electric (India) Limited, Calcutta, (BEIL), established in 1964, has been in existence for about 23 years and has been engaged in the manufacture of regulators of up to 5000 KVA, rectifiers, special transformers, distribution transformers, etc. The products of the company are of high quality and are required for defence establishments, State Electricity Boards and atomic energy establishments. The company is at present employing about 200 persons. 2. BEIL started incurring losses from 1975 and ran into serious Financial..... List Judgments citing this sectionTitle : Brentford Electric (India) Limited (Acquisition and Transfer of Undertakings) Act, 1987
State : Central
Year : 1987
Preamble1 - BRENTFORD ELECTRIC (INDIA) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1987 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Transfer to, and vesting in, the Central Government of the undertakings of the Company Section4 - General effect of vesting Section5 - Company to be liable for certain prior liabilities Section6 - Power of Central Government to direct vesting of the undertakings of the Company in Andrew ule Chapter III Section7 - Payment of amount Section8 - Payment of further amounts Chapter IV Section9 - Management, etc., of the undertakings of the Company Section10 - Duty of persons incharge of management of the undertakings of the Company to deliver all assets, etc. Section11 - Duty of persons to..... List Judgments citing this sectionTitle : Short Title and Commencement
State : Central
Year : 1987
(1) This Act may be called the Brentford Electric (India) Limited (Acquisition and Transfer of Undertakings) Act, 1987. (2) The provisions of sections 26 and 27 shall come into force at once and the remaining provisions of this Act shall be deemed to have come into force on the 1st day of April, 1986. View Complete Act List Judgments citing this sectionTitle : Duty of Persons Incharge of Management of the Undertakings of the Company to Deliver All Assets, Etc.
State : Central
Year : 1987
(1) On the vesting of the management of the undertaking of the Company in Andrew Yule, all persons in charge of the management of the undertakings of the Company immediately before such vesting shall be bound to deliver to Andrew Yule all assets, books of account, registers or other documents in their custody relating to the undertakings of the company. (2) The Central Government may issue such directions as it may deem desirable in the circumstances of the case to Andrew Yule as to its powers and duties and Andrew Yule may also, if it so desires, apply to the Central Government at any time for instructions as to the manner in which the management of the undertakings of the Company shall be conducted by it or in relation to any other matter arising in the course of such management. ..... View Complete Act List Judgments citing this sectionTitle : Transfer To, and Vesting In, the Central Government of the Undertakings of the Company
State : Central
Year : 1987
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. View Complete Act List Judgments citing this sectionTitle : Undisbursed or Unclaimed Amount to Be Deposited to the General Revenue Account
State : Central
Year : 1987
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. View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 1987
In this Act, unless the context otherwise requires,- (a) "Andrew Yule" means the Andrew Yule and Company Limited, Calcutta, a company formed and registered under the Companies Act, 1956 (1 of 1956); (b) "appointed day" means the 1st day of April, 1986; (c) "Commissioner" means the Commissioner of Payments appointed under section 14; (d) "Company" means the Brentford Electric (India) Limited, a company within the meaning of the Companies Act, 1956 and having its registered office at 8, Clive Row, Calcutta, in the State of West Bengal; (e) "notification" means a notification published in the Official Gazette; (f) "prescribed" means prescribed by rules made under this Act; (g) "specified date", in relation to any provision of this Act, means such date as the Central..... View Complete Act List Judgments citing this sectionTitle : Payment of Amount
State : Central
Year : 1987
For the transfer to, and vesting, in the Central Government, under section 3, of the undertakings of the Company, and the right, title and interest of the Company in relation to its undertakings, there shall be paid by the Central Government to the Company in cash, and in the manner specified in Chapter VI, an amount of rupees thirty-seven lakhs and fifty thousand. View Complete Act List Judgments citing this sectionTitle : Claims to Be Made to the Commissioner
State : Central
Year : 1987
Every person having a claim against the Company with regard to any of the matters specified in the Schedule, pertaining to any of its undertakings, shall prefer such claim before the Commissioner within thirty days from the specified date: Provided that if the Commissioner is satisfied that the claimant was prevented by sufficient cause from preferring the claim within the said period of thirty days, he may entertain the claim within a further period of thirty days, but not thereafter. View Complete Act List Judgments citing this section