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Home Bare Acts Phrase: closed millCo-operative Textile Mills (Acquisition and Transfer) Act, 1986 Preamble 1
Title: Karnataka Co-operative Textile Mills (Acquisition and Transfer) Act, 1986
State: Karnataka
Year: 1986
.....and in order to secure the proper management of the said Mills, so as to subserve the interest of the general public, by ensuring continued manufacture, production and distribution of yarn and cloth which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto. WHEREAS the owners of the Karnataka Co-operative Textile Mills M/s. The Karnataka Co-operative Textile Mills, Ltd., Dharwar had closed down the said Mills in the year 1969 and had subsequently with the permission of the State Government leased out the said Mills in 1970 to M/s. G.Mahadevappa & Sons, Hubli, a partnership firm and the lessee also closed down the Mills in 1979 as it was not able to manage the affairs of the said Mills properly; WHEREAS the closure of the said Mills was prejudicial to the Scheduled industry, namely the cotton textile industry the Government of India, under section 18AA of the Industries (Development and Regulation) Act, 1951, issued a Notification No. S.O.170(E)18AA/IDRA/79, dated Thirtieth day of March, 1979 and authorised the State Government to take over the management of the said Mills initially for a period not.....
View Complete Act List Judgments citing this sectionLaxmirattan and Aterton West Cotton Mills (Taking over of Management) Act, 1976 Preamble 1
Title: Laxmirattan and Aterton West Cotton Mills (Taking over of Management) Act, 1976
State: Central
Year: 1976
THE LAXMIRATTAN AND ATERTON WEST COTTON MILLS (TAKING OVER OF MANAGEMENT) ACT, 1976 [Act, No. 98 of 1976] [5th September, 1976] PREAMBLE An Act to provide for the taking over, in the public interest, of the management of the undertaking of certain companies, pending nationalisation of such undertakings, with a view to ensuring the supply of certain varieties of cloth needed by the weaker sections of the community as also by the Defence Department and for matters connected therewith or incidental thereto. WHEREAS Laxmirattan Cotton Mills Company Limited were engaged in the production (besides coarse and medium varieties of cloth needed by the weaker sections of the community) of canvas and dosuti which is needed by the Defence Department; AND WHEREAS the closure of the Laxmirattan Cotton Mills Company Limited has prejudicially affected the supply of canvas and dosuti to the Defence Department; AND WHEREAS the Atherton West and Company Limited were mainly engaged in the production of coarse and medium varieties of cloth needed by the weaker sections of the community; AND WHEREAS as a result of mismanagement the Atherton West and Company Limited has suffered losses.....
View Complete Act List Judgments citing this sectionGanesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Chapter II
Title: Acquisition and Transfer of Ganesh Flour Mills
State: Central
Year: 1984
.....salaries and other dues become due and payable. (3) For the removal of doubts, it is hereby declared that,-- (a) save as otherwise expressly provided in this section or in any other section of this Act, no liability other than the liability specified in sub-section (2), of the Company in relation to the Ganesh Flour Mills, in respect of a period prior to the appointed day shall be enforceable against the Central Government or the Government company as the case may be. (b) no award, decree or order of any court, tribunal or other authority in relation to the Ganesh Flour Mills, passed after the appointed day, in respect of any matter claim or dispute in relation to any matter, not being a matter referred to in sub-section (2), which arose before that day shall be enforceable against the Central Government or the Government company as the case may be. (c) no liability incurred by the Company before the appointed day, for the contravention, in relation to the Ganesh Flour Mills of any provision of law for the time being in force shall be enforceable against the Central Government or the Government company as the case may be.
View Complete Act List Judgments citing this sectionCo-operative Textile Mills (Acquisition and Transfer) Act, 1986 Chapter II
Title: Acquisition and Transfer of the Karnataka Co-operative Textile Mills Ltd., Dharwar
State: Karnataka
Year: 1986
.....payable. (3) For the removal of doubts, it is hereby declared that,- (a) save as otherwise expressly provided in this section or in any other section of the Act, no liability, other than the liability specified in sub-section (2), of the lessor or lessee in relation to the mills in respect of any period prior to the appointed day shall be enforceable against the Government, or where the mills is directed under section 8 to vest in the Company, against the Company. (b) No award, decree or order of any court, tribunal or other authority in relation to the mills passed after the appointed day in respect of any matter, claim or dispute in relation to any matter not referred in sub-section (2), which arose before that day, shall be enforceable against the Government or where the mills is directed under section 8 to vest in the Company, against the Company. (c) No liability incurred by the lessor or lessee before the appointed day for the contravention of any provisions of law for the time being in force shall be enforceable against the Government or where the mills is directed under section 8 to vest in the Company, against the Company. Section 7 - Right of Government to.....
View Complete Act List Judgments citing this sectionGanesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Chapter IV
Title: Management, Etc., of Ganesh Flour Mills
State: Central
Year: 1984
.....to the Central Government or the Government company, as the case may be, and shall deliver them up to the Central Government or the Government company or to such person or body of persons as the Central Government or the Government company may specify in this behalf. (2) The Central Government may take or cause to be taken all necessary steps for securing possession of the Ganesh Flour Mills which has vested in it under section 3. Section 11 - Duty of the Company to furnish particulars The Company shall, within such period as the Central Government may allow in this behalf, furnish to that Government a complete inventory of all its properties and assets as on the appointed day, pertaining to the Ganesh Flour Mills which has vested in the Central Government under section 3, and for this purpose, the Central Government or the Government company shall afford the Company all reasonable facilities.
View Complete Act List Judgments citing this sectionCo-operative Textile Mills (Acquisition and Transfer) Act, 1986 Chapter IV
Title: Management of the Mills
State: Karnataka
Year: 1986
.....in relation to the mills which has vested in the Government under section 4, shall, where a direction has been made by the Government under sub-section (1) of section 8, vest in the Company and thereupon the Company shall be entitled to exercise to the exclusion of all other persons, all such powers and do all such things as the Company is authorised to exercise and do in relation to the mills. Section 12 - Duties of persons in-charge of management of the mills (1) On the vesting of the management of the mills in the company all persons in charge of the management of the mills immediately before such vesting shall be bound to deliver to the company all assets, books of accounts, registers or other documents in their custody relating to the mills. (2) The Government may issue such directions as it may deem desirable in the circumstances of the case to the Company and the Company may also, if it is considered necessary to do, apply to the Government at any time for instructions as to the manner in which, the management of the mills shall be conducted or in relation to any other matter arising in the course of such management. Section 13 - Duty of persons to account for.....
View Complete Act List Judgments citing this sectionGanesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Preamble 1
Title: Ganesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984
State: Central
Year: 1984
.....and (c) of article 39 of the Constitution. WHEREAS the Ganesh Flour Mills Company Limited has through the Ganesh Flour Mills been engaged mainly in the manufacture and production of certain commodities, namely, vanaspati, refined edible oils, various types of nutritious foods and other consumer commodities which are essential to the needs of the community; AND WHEREAS the management of the Ganesh Flour Mills was taken over by the Central Government under the Industries (Development and Regulation) Act 1951; AND WHEREAS it is necessary to acquire the undertakings of the Ganesh Flour Mills Company Limited in relation to the Ganesh Flour Mills for sustaining and strengthering the nucleus of public owned or controlled units required for ensuring supply of wholesome vanaspati, refined edible oils, various types of nutritious foods and other consumer commodities to the pubic at reasonable prices; AND WHEREAS such acquisition is for giving effect to the policy of the State towards securing the principles specified in clauses (b) and (c) of article 39 of the Constitution; BE it enacted by Parliament in the Thirty-fifth Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionGanesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Section 8
Title: Management Etc., of Ganesh Flour Mills
State: Central
Year: 1984
.....the affairs and business of the Ganesh Flour Mills shall,-- (a) where a direction has been made by the Central Government under sub-section (1) of section 5, vest in the Government company specified in such direction; or (b) where no such direction has been made by the Central Government, vest in one or more Custodians appointed by the Central Government under sub-section (2), and thereupon the Government company so specified or the Custodian or Custodians so appointed, as the case may be, shall be entitled to exercise, to exclusion of all other persons, all such powers and do all such things as the Company is authorised to exercise and do in relation to the Ganesh Flour Mills. (2) The Central Government may appoint one or more individuals or a Government company as the Custodian or Custodians of the Ganesh Flour Mills in relation to which no direction has been made by it under sub-section (1) of S. 5. (3) The Custodian or Custodians so appointed shall receive, from the funds of the Ganesh Flour Mills such remuneration as the Central Government may fix and shall hold office during the pleasure of the Central Government. (4) The Custodian or Custodians of the Ganesh.....
View Complete Act List Judgments citing this sectionCo-operative Textile Mills (Acquisition and Transfer) Act, 1986 Complete Act
Title: Co-operative Textile Mills (Acquisition and Transfer) Act, 1986
State: Karnataka
Year: 1986
.....or rejection of claims Section 22 - Disbursement of the amount by the Commissioner to the claimants Section 23 - Undisbursed or unclaimed amount to be deposited to the General Revenue Account Chapter VI Section 24 - Transfer of service of officers or other employees of the mills Section 25 - Transfer of provident fund, welfare fund, etc. Chapter VII Section 26 - Act to have overriding effect Section 27 - Contract to cease to have effect unless ratified by Company Section 28 - Protection of action taken in good faith Section 29 - Penalties Section 30 - Offences by Companies Section 31 - Power to make rules Section 32 - Power to remove difficulties Section 33 - Repeal and savings Schedule 1 - SCHEDULE
List Judgments citing this sectionGanesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Section 5
Title: Power of Central Government to Direct Vesting of Ganesh Flour Mills in a Government Company
State: Central
Year: 1984
.....or has complied, with such terms and conditions as that Government may think fit to impose, direct, by notification, that the Ganesh Flour Mills and the right, title and interest of the Company in relation to the Ganesh Flour Mills which have vested in the Central Government under section 3, shall instead of continuing to vest in the Central Government, vest in that Government company either on the date of the notification or on such earlier or later date (not being a date earlier than the appointed day) as may be specified in the notification. (2) Where the right, title and interest in relation to the Ganesh Flour Mills vest in a Government company under sub-section (1), the Government company shall, on and from the date of such vesting, be deemed to have become the owner of the Ganesh Flour Mills and all the rights and liabilities of the Central Government-in relation to the Ganesh Flour Mills shall, on and from the date of such vesting, be deemed to have been the rights and liabilities, respectively of the Government company.
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