Title : Short Title and Commencement
State : Central
Year : 1973
(1) This Act may be called the coal Mines (Nationalisation) Act, 1973. (2) The provisions of sections 30 and 31 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 May, 1973. 1[1A. Declaration as to expediency of Union control.-(1) It is hereby declared that it is expedient in the public interest that the Union should take under its control the regulation and development of coal mines to the extent hereinafter provided in sub-sections (3) and (4) of section 3 and sub-section (2) of section 30. (2) The declaration contained in sub-section (1) is in addition to, and not in derogation of, the declaration contained in section 2 of the Mines and Minerals (Regulation and Development) Act, 1957.] ..... View Complete Act List Judgments citing this sectionState : Central
Year : 1973
COAL MINES (NATIONALISATION) ACT, 1973 COAL MINES (NATIONALISATION) ACT, 1973 26 of 1973 30th May 1973 STATEMENT OF OBJECTS AND REASONS Act 67 of 1976.- After the nationalisation of coal mines a number of persons holding coal mining leases unauthorisedly started mining of coat in the most reckless and unscientific manner without regard to considerations of conservation, safety and welfare of workers. Not only were they resorting to slaughter mining by superficial working of outcrops and thereby destroying a valuable national asset and creating problems of water-logging, fires, etc., for the future development of the deeper deposits, their unsafe working also caused serious and fatal accidents. They were making larger profits by paying very low wages, and by not providing..... List Judgments citing this sectionTitle : Coal Mines (Nationalisation) Act, 1973
State : Central
Year : 1973
Preamble1 - COAL MINES (NATIONALISATION) ACT, 1973 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Acquisition of rights of owners in respect of coal mines Section4 - Central Government to be the lessee of the State Government Section5 - Power of Central Government to direct vesting of rights in a Government company Section6 - Properties vested in the Central Government to be freed from mortgages etc Section7 - Central Government or Government company not to be liable for prior liabilities Chapter III Section8 - Payment of amount to owners of coal mines Section9 - Payment of further amount Section10 - Income derived by the owners of coal mines after the appointed day to be refunded to the Central Government Chapter IV Section11 -..... List Judgments citing this sectionTitle : Preliminary
State : Central
Year : 1973
(1) This Act may be called the coal Mines (Nationalisation) Act, 1973. (2) The provisions of sections 30 and 31 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 May, 1973. 1[1A. Declaration as to expediency of Union control.-(1) It is hereby declared that it is expedient in the public interest that the Union should take under its control the regulation and development of coal mines to the extent hereinafter provided in sub-sections (3) and (4) of section 3 and sub-section (2) of section 30. (2) The declaration contained in sub-section (1) is in addition to, and not in derogation of, the declaration contained in section 2 of the Mines and Minerals (Regulation and Development) Act, 1957.] ..... View Complete Act List Judgments citing this sectionTitle : Coal Mines (Nationalisation) Act, 1973
State : Central
Year : 1973
THE COAL MINES (NATIONALISATION) ACT, 1973 [Act, No. 26 Of 1973] [30th May, 1973] PREAMBLE An Act to provide for the acquisition and transfer of the right, title and interest of the owners in respect of the coal mines specified in the schedule with a view to re-organising and reconstructing such coal mines so as to ensure the rational, co-ordinated and scientific development and utilisation of coal resources consistent with the growing requirements of the country, in order that the ownership and control of such resources are vested in the State and thereby so distributed as best to subserve the common good and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Twenty-fourth Year of the Republic of India as follows:-- View Complete Act List Judgments citing this sectionTitle : Schedule
State : Central
Year : 1973
THE SCHEDULE [Sections 3, 8 and 18] Sl. No. Name of the mine Location of the mine Name and address of owners of the mine Amount (in rupees) 1 2 3 4 5 ASSAM Jeypore Coal field 1. Bimalpore ... Post Office Sibsagar Bimalpore Collieries Limited, Post Office, Sibsagar. 4,000 2. Dilli . ... Post Office Banhat, Sibasagar Dilli Collieries Association Limited, Post Office Tinsukia. 4,000 3. Jeypore ... Post Office Namrup Jeypore Collieries (Private) Limited, Post Office Namrup. 75,000 Makum Coalfield, Lakhimpur 4. ..... View Complete Act List Judgments citing this sectionTitle : Acquisition of Rights of Owners in Respect of Coal Mines
State : Central
Year : 1973
(1) On the appointed day, the right, title and interest of the owners in relation to the coal mines specified in the schedule shall stand transferred to, and shall vest absolutely in the Central Government free from all incumbrances. 1[(2) x x x] 2[(3) On and from the commencement of the Coal Mines (Nationalisation) Amendment Act, 1976,-- (a) no person, other than-- (i) the Central Government or a Government company or a corporation owned, managed or controlled by the Central Government, or (ii) a person to whom a sub-lease, referred to in the proviso to clause (c), has been granted by such Government, company or corporation, or 3[(iii) a company engaged in-- (1) the production of iron and steel, (2) generation of power, (3) washing of coal obtained from a mine, or ..... View Complete Act List Judgments citing this sectionTitle : Duty of Persons in Charge of Management of Coal Mines to Deliver All Assets, Etc
State : Central
Year : 1973
(1) On the vesting of the management of a coal mine in a Government company or on appointment of a Custodian, all persons incharge of the management of such coal mine immediately before such vesting or appointment, shall be bound to deliver to the Government company or the Custodian, as the case may be, all assets, books of account, registers or other documents in their custody relating to the coal mine. (2) The Central Government may issue such directions as it may deem desirable in the circumstances of the case to the Government company or Custodian as to its or his powers and duties and the Government company or Custodian may also, if it or he so desires, apply to the Central Government at any time for instructions as to the manner in which the management of the coal mine shall be..... View Complete Act List Judgments citing this sectionTitle : Statement of Accounts in Respect of the Period of Management by the Central Government, Etc
State : Central
Year : 1973
(1) The Central Government or the Government company, as the case may be, shall cause the books in relation to each coal mine, the management of which has vested in it under the Coal Mines (Taking Over of Management) Act, 1973, to be closed and balanced as on the date immediately before the appointed day, and shall cause a statement of accounts, as on that day, to be prepared, within such time, in such form and in such manner as may be prescribed, in relation to such mine in respect of the transactions effected by it during the period for which the management of such coal mine remained vested in it : Provided that where two or more coal mines were owned, before the commencement of this Act, by the same owner, a consolidated statement of accounts may be prepared for all the local mines..... View Complete Act List Judgments citing this sectionTitle : Disbursement of Amounts to the Owners of Coal Mines
State : Central
Year : 1973
(1) If out of the monies paid to him in relation to a coal mine or group of coal mines specified in the second column of the Schedule, there is a balance left after meeting the liabilities of all the secured and unsecured creditors the Commissioner shall disburse such balance to the owner of such coal mine or group of coal mines. (2) Before making any payment to the owner of any coal mine or group of coal mines under sub-section (1), the Commissioner shall satisfy himself as to the right of such person to receive the whole or any part of such amount, and in the event of there being a doubt or dispute as to the right of the person to receive the whole or any part of the amount, referred to in sections 8 and 9, the Commissioner shall refer the matter to the Court and make the..... View Complete Act List Judgments citing this section