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Mines and Minerals (Development and Regulation) Act, 1957 Chapter I

Title : Preliminary

State : Central

Year : 1957

(1) This Act may be called the Mines and Minerals1[(Development and Regulation)] Act, 1957. (2) It extends to the whole of India. (3) It shall come into force on such date2as the Central Government may, by notification in the Official Gazette, appoint. ________________________ 1 . Substituted by Act 38 of 1999, section. 3, for "(Regulation and Development)" w.e.f. 18-12-1999. 2 . Came into force on 1-6-1958, vide G.S.R. 432, dated 29th May, 1958, published in the Gazette of India, Extra, Pt. II, Section.3(i), p. 225. Section 2 - Declaration as to the expediency of Union control It is hereby declared that it is expedient in the public interest that the Union should take under its control the regulation of mines and the development of minerals to the extent hereinafter..... View Complete Act      List Judgments citing this section

Oil Industry (Development) Act, 1974 Complete Act

State : Central

Year : 1974

OIL INDUSTRY (DEVELOPMENT) ACT, 1974 OIL INDUSTRY (DEVELOPMENT) ACT, 1974 STATEMENT OF OBJECTS AND REASONS Following successive and steep increases in the international prices of crude oil and petroleum products since early 1973, the need for progressive self-reliance in petroleum based industrial raw materials has assumed great importance. It is essential that the programme for securing such self-reliance should be rapidly stepped up and also that the necessary resources for the execution of such programmes must be assured. It is, therefore, proposed to levy by way of access duties of excise on crude, oil and natural gas so as to create oil Industry Development Fund. This Fund would be used exclusively to provide financial assistance to the organisations engaged in..... List Judgments citing this section

Oil Industry Development Act 1974 Chapter II

Title : The Oil Industry Development Board

State : Central

Year : 1974

(1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint in this behalf, there shall be established for the purposes of this Act, a Board to be called the Oil Industry Development Board. (2) The Board shall be a body corporate by the name aforesaid having perpetual succession and a common seal, with power to acquire, hold and dispose of property, both movable and immovable, and to contract, and shall by the said name sue and be sued. (3) The Board shall consist of the following members, namely :-- (a) not more than three members to be appointed by the Central Government to represent the Ministry or Ministries of the Central Government dealing with petroleum and Chemicals; (b) two members to be appointed by the Central..... View Complete Act      List Judgments citing this section

Oil Industry Development Act 1974 Chapter III

Title : Finance, Accounts and Audit

State : Central

Year : 1974

(1) There shall be levied and collected, as a cess for the purposes of this Act, on every item specified in column 2 of the Schedule, which is produced in India (including the continental shelf thereof) and-- (a) removed to a refinery or factory; or (b) transferred by the person by whom such item is produced to another person, a dpty of excise at such rate not exceeding the rate set forth in the corresponding entry in column 3 of the Schedule, as the Central Government may, by notification in the Official Gazette, specify : Provided that until the Central Government specifies by such notification the rate of the duty of excise in respect of crude oil (being an item specified in the Schedule) the duty of excise on crude oil under this sub-section shall be levied and collected at..... View Complete Act      List Judgments citing this section

Oil Industry Development Act 1974 Complete Act

Title : Oil Industry Development Act 1974

State : Central

Year : 1974

Preamble1 - OIL INDUSTRY DEVELOPMENT ACT 1974 Chapter I Section1 - Short title and extent Section2 - Definitions Chapter II Section3 - Establishment and constitution of the Board Section4 - Conditions of service of members Section5 - Secretary, officers, consultants and employees of the Board Section6 - Functions of the Board Section7 - Principles and conditions of assistance Section8 - Power to call for repayment before agreed period Section9 - Special provisions for enforcement of claims by the Board Section10 - Power of Board to appoint Directors of oil industrial concern Section11 - Effect of notified order appointing Director Section12 - Powers and duties of the Directors Section13 - No right to compensation for loss of office Section14 - Application of Act 1 of 1956 ..... List Judgments citing this section

Oil Industry Development Act 1974 Preamble 1

Title : Oil Industry Development Act 1974

State : Central

Year : 1974

Preamble 1 - OIL INDUSTRY DEVELOPMENT ACT 1974 THE OIL INDUSTRY (DEVELOPMENT) ACT, 1974 [Act, No. 47 of 1974] [26th September 1974] PREAMBLE An Act to provide for the establishment of a Board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith. BE it enacted by Parliament in the Twenty-fifth Year of the Republic of India as follows :-- OIL INDUSTRY DEVELOPMENT ACT 1974Preamble 1 - OIL INDUSTRY DEVELOPMENT ACT 1974 THE OIL INDUSTRY (DEVELOPMENT) ACT, 1974 [Act, No. 47 of 1974] [26th September 1974] PREAMBLE An Act to provide for the establishment of a Board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas..... View Complete Act      List Judgments citing this section

Oil Industry Development Act 1974 Chapter IV

Title : Control by the Central Government

State : Central

Year : 1974

The Central Government may, by order notified in the Official Gazette require all persons engaged in oil industry or any class of such persons-- (a) to maintain such books, accounts and records relating to their business as may be specified in the order; (b) to produce such books, accounts and records for inspection and to furnish such information relating thereto to such officer or authority and at such times or in such circumstances as may be specified in the order. Section 21 - Power to require persons engaged in oil industry to maintain and produce books, accounts and records relating to business and inspection thereof The Central Government may, by order notified in the Official Gazette require all persons engaged in oil industry or any class of such persons-- (a) to..... View Complete Act      List Judgments citing this section

Oil Industry Development Act 1974 Section 1

Title : Short Title and Extent

State : Central

Year : 1974

Section 1 - Short title and extent (1) This Act may be called The Oil Industry (Development) Act, 1974. (2) It extends to the whole of India. OIL INDUSTRY DEVELOPMENT ACT 1974 Section 1 - Short title and extent (1) This Act may be called The Oil Industry (Development) Act, 1974. (2) It extends to the whole of India. View Complete Act      List Judgments citing this section

Oil Industry Development Act 1974 Chapter V

Title : Miscellaneous

State : Central

Year : 1974

Any person who,-- (a) being required under this Act to produce any books, accounts or records or furnish any information, fails to produce such books, accounts or records or fails to furnish such information or furnishes information which is false, and which he either knows or believes to be false, or does not believe to be true; or (b) obstructs any member or any officer or other employee of the Board or any person authorized in this behalf by the Central Government or by the Board in the exercise of any power conferred or in the discharge of any duty imposed on him by or under this Act, shall be punishable with imprisonment which may extend to one year, or with fine which may extend to one thousand rupees, or with both. Section 23 - Penalties Any person who,-- (a) being..... View Complete Act      List Judgments citing this section



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