Title : Power to Exempt from Provisions of Sections 6, 9, 10, 12 and 17 in Certain Cases
State : Central
Year : 1972
Where the Central Government is satisfied that having regard to-- (a) the short supply of any goods or class of goods, or (b) the use or intended use of any goods or class of goods and the persons by whom such goods or class of goods are used or intended to be used, or (c) the restrictions imposed upon the trade or commerce in any goods, or class of goods, or (d) any other circumstances in relation to any goods or class of goods, it is necessary or expedient in the public interest so to do. The Central Government may, by notification in the Official Gazette, direct that clause (b) of sub-section (2) of section 6, section 9, section 10, section 12 and section 17 or any of them shall not apply or shall apply with such modifications as may be specified in the notification, to..... View Complete Act List Judgments citing this sectionTitle : Act Not to Apply to Existing Agreements
State : Central
Year : 1972
This Act shall not apply in relation to any hire-purchase agreement made before the commencement of this Act. View Complete Act List Judgments citing this sectionTitle : General Effect of Vesting
State : Central
Year : 1982
The undertakings of each specified company shall be deemed to include all assets, rights, lease-holds, powers, authorities and privileges, and all property, movable and immovable, including lands, buildings, workshops, stores, instruments machinery, and equipment, cash balances, cash on hand cheques demand drafts, reserve funds, investments, book debts and all other rights and interests in or arising out of such property as were immediately before the appointed day in the ownership, possession power or control of the specified company, whether within or outside India, and all books of account registers, and all other documents of whatever nature relating thereto. (2) All properties as aforesaid which have vested in the Central Government under section 3 shall, by force of such..... View Complete Act List Judgments citing this sectionTitle : Payment of Amount
State : Central
Year : 1982
(1) For the transfer to, and vesting in, the Central Government, under section 3, of the right, title and interest of each of the two specified companies in relating to its undertakings, there shall be paid in chase by the Central Government, before the expiry of a period of three months from the appointed day,-- (i) to the Chaparmukh-Silghat Railway Company Limited, an aggregate amount of rupees ten lakhs and fifty thousand; and (ii) to the Katakhal-Lalabazar Railway Company Limited, an aggregate amount of rupees nine lakhs. (2) Notwithstanding anything contained in sub-section (1), out of the amount referred to in clause (i)of that sub-section, the Central Government shall deduct, in the first instance, any amount due from the Chaprmukh-Silghat Railway Company Limited to that..... View Complete Act List Judgments citing this sectionTitle : Interest
State : Central
Year : 1982
The amount referred to in clause (i) or clause (ii) of sub-section (1) of section 6 as reduced by the deduction under that section, shall, if not paid to the company concerned before the expiry of the period specified in the said sub-section, carry simple interest at the rate of four per cent per annum for the period commencing on the appointed day and ending on the date on which payment of such amount as so reduced is made by the Central Government to that company: Provided that if the amount as so reduced is tendered to the specified company but not accepted by it, no interest shall run from the date of such tender. View Complete Act List Judgments citing this sectionTitle : Duty of Persons to Account for Assets, Etc., in their Possession
State : Central
Year : 1982
(1) Any person who has, on the appointed day, in his possession or under his control any assets, books, documents or other papers relating to any undertaking owned by a specified company which have vested in the Central Government and which belong to the specified company, or would have so belonged, if the undertakings owned by the specified company had not vested in the Central Government, shall be liable to account for the said assets, books, documents and other papers to the Central Government and shall deliver them up to the Central Government or to such person or persons as the Central Government may specify in this behalf. (2) The Central Government may take or cause to be taken all necessary steps for securing possession of the undertakings of the two specified companies which..... View Complete Act List Judgments citing this sectionTitle : Protection of Action Taken in Good Faith
State : Central
Year : 1982
(1) No suit, prosecution or other legal proceeding shall lie against the Central Government or any officer or other employee of that Government or any officer or other person authorised by that Government for anything which is in good faith done or intended to be done under this Act. (2) No suit or other legal proceeding shall lie against the Central Government or any officer or other employee of that Government or any officer or other person authorised by that Government for any damage caused or likely to be caused by anything which is in good faith done or intended to be done under this Act. View Complete Act List Judgments citing this sectionTitle : Powers to Make Rules
State : Central
Year : 1982
(1) The Central Government may, by notification make rules for carrying out the provisions of this Act. (2) Every rule made by the Central Government under this Act shall be laid, as soon as may be after it is made, before each House of Parliament while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so however, that any such modification or annulment shall be without prejudice to..... View Complete Act List Judgments citing this sectionTitle : Power to Remove Difficulties
State : Central
Year : 1982
If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order not inconsistent with the provisions of this Act, remove the difficulty; Provided that no such order shall be made after the expiry of a period of two years from the appointed day. View Complete Act List Judgments citing this sectionTitle : Delivery of Goods to Be Made After Due Charges Are Paid
State : Central
Year : 2007
When a negotiable warehouse receipt has been issued in respect of any goods, the warehouseman shall not deliver the goods to the depositor or endorsee, until the due charges are paid to the custodian from the date of initial deposit till delivery is made and the warehouse receipt is surrendered for cancellation. View Complete Act List Judgments citing this section