State : Central
Year : 1980
MARUTI LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1980 MARUTI LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1980 64 of 1980 27th December, 1980 An Act to provide for the acquisition and transfer of the undertakings of Maruti Limited with a view to securing the utilisation of the available infrastrucure, to modernise the automobile industry, to effect a more economical utilisation of scarce fuel and to ensure higher production of motor vehicles which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto. WHEREAS Maruti Limited had been engaged in the manufacture and production of articles mentioned in the First Schedule to the Industries (Development and Regulation) Act. 1951, namely,..... List Judgments citing this sectionState : Central
Year : 1972
RICHARDSON AND CRUDDAS LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1972 RICHARDSON AND CRUDDAS LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1972 78 of 1972 30th December, 1972 STATEMENT OF OBJECTS AND REASONS Messrs. Richardson and Cruddas Limited is an old engineering company engaged in the production of goods needed by the defence establishments railways, steel plants and power projects and has three workshops at Bombay Madras and Nagpur. The registered office of that company being at Calcutta, an application was made in December. 1957 to the Calcutta High Court by the Life Insurance Corporation of India alleging mismanagement. On that application, the Calcutta High Court appointed a Special Officer to manage the affairs of this company and lo..... List Judgments citing this sectionState : Central
Year : 1986
SWADESHI COTTON MILLS COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1986 SWADESHI COTTON MILLS COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1986 30 of 1986 30th May, 1986 An Act to provide for the acquisition and transfer of certain textile undertakings of the Swadeshi Cotton Mills Company Limited, with a view to securing the proper management of such undertakings so as to sub-serve the interests of the general public by ensuring the continued manufacture, production and distribution of different varieties of cloth and yam and thereby to give effect to the policy of the State towards securing the principles specified in clauses (b) and (c) of Article 39of the Constitution and for matters connected therewith or incidental thereto. Whereas..... List Judgments citing this sectionState : Central
Year : 1983
TRANSFORMER AND SWITCHGEAR LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1983 TRANSFORMER AND SWITCHGEAR LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1983 41 of 1983 25th December, 1983 STATEMENT OF OBJECTS AND REASONS The Transformer and Switch-gear Limited was established in 1956 for the manufacture of transformers, switch-gears and other allied electrical equipments. The Company commenced production in 1957 in technical collaboration with Dominic works GMbh, West Germany, It has been incurring losses for a number of years and the accumulated losses at the end of October. 1982 were of the order of Rs. 306 lakhs as against the paid-up capital of Rs. 12.5 lakhs. 2. Efforts for the revival of the Company in the past had failed. Many schemes pre- pared..... List Judgments citing this sectionState : Central
Year : 1982
ANDHRA SCIENTIFIC COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1982 ANDHRA SCIENTIFIC COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1982 71 of 1982 13th November, 1982 The Andhra Scientific Company Limited, Machilipatnam is engaged in the manufacture and production of various types of scientific instruments. From a small beginning, the Company had grown to be the largest private sector undertaking in the field of scientific instruments. Building up steadily, the Company attained a turnover of Rs. 45 lakhs by 1965-66. A downword trend started thereafter and in 1967-68, the Company incurred a loss of Rs. 1.91 lakhs which increased to Rs. 25.62 lakhs in 1971-72. In the light of the recommendations of certain Governmental Committees and in..... List Judgments citing this sectionState : Central
Year : 1984
BENGAL IMMUNITY COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1984 BENGAL IMMUNITY COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1984 57 of 1984 29th August, 1984 An Act to provide for the acquisition and transfer, in the public interest, of the undertakings of Messrs. Bengal Immunity Company Limited, and for matters connected therewith or incidental thereto. WHEREAS Messrs. Bengal Immunity Company Limited were engaged in the production and distribution of articles specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 namely, chemicals (other than fertilizers), drugs and pharmaceuticals which are essential to the needs of the general public; AND WHEREAS the Central Government, being of opinion, after an..... List Judgments citing this sectionState : Central
Year : 1978
BRITANNNIA ENGINEERING COMPANY LIMITED (MOKAMEH UNIT) AND THE ARTHUR BUTLER AND COMPANY (MUZAFFARPORE) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS ACT, 1978 BRITANNNIA ENGINEERING COMPANY LIMITED (MOKAMEH UNIT) AND THE ARTHUR BUTLER AND COMPANY (MUZAFFARPORE) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS ACT, 1978 41 of 1978 8th December,1978 Britannia engineering Company Limited was incorporated in 1917 with its registered office at Calcutta. It owned at Titagarh an engineering unit (where it manufactured road rollers, jute mills machinery and other industrial machinery) and a steel foundry. It also set up in 1960 at Mokameh, a unit to manufacture Railway Wagons, steel structurals, etc. The engineering unit at Titagarh closed down in October 1970 and on the 22nd..... List Judgments citing this sectionState : Central
Year : 1978
HINDUSTAN TRACTORS LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1978 HINDUSTAN TRACTORS LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1978 STATEMENT OF OBJECTS AND REASONS ACT 13 OF 1978 Hindustan Tractors Limited, Vadodara, was a private company wholly owned by its nominees. For various reasons including mismanagement the Company began to show steady decline in production and incurred heavy losses, facing imminent closure. After investigation into the affairs of this Company, the management of its undertakings was taken over by the Central Government on the 12th March, 1973, under the Industries (Development and Regulation) Act, 1951, and was entrusted to the Gujarat Agro-Industries Corporation being the Authorised Controller. The period of the management..... List Judgments citing this sectionState : Central
Year : 1977
SMITH, STANISTREET AND COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT SMITH, STANISTREET AND COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1977 41 of 1977 17th December 1977 STATEMENT OF OBJECTS AND REASONS Messrs. Smith, Stanistreet and Company Limited, Calcutta were engaged in the manufacture of drugs and pharmaceuticals which were essential to the needs of the country. The Company began to show steady decline in production from 1970 onwards and incurred considerable losses. The Company was also being mismanaged. After investigation into the affairs of the Company through an investigation Committee, the management of its undertakings was taken over on 4th May, 1972 by the Central Government acting under section 18A of the Industries..... List Judgments citing this sectionState : West Bengal
Year : 1983
EASTERN DISTILLERIES (PRIVATE) 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..... List Judgments citing this section