Title : Superannuation, Welfare and Other Funds
State : Central
Year : 1972
Where a superannuation, welfare or other fund has been established for the benefit of the employees whose services stand transferred to the Central Government or a Government company, the coking coal mine or coke oven plant, by which such employees were employed, shall distribute the amount due to each such employee as if the employee had superannuated, or his services with the coking coal mine or coke oven plant had terminated, on the day immediately preceding the specified date. View Complete Act List Judgments citing this sectionTitle : Notice to Owners of Coking Coal Mines or Coke Oven Plants and Managing Contractors, Etc
State : Central
Year : 1972
1[25A. Notice to owners of coking coal mines or coke oven plants and managing contractors, etc.-- (1) After meeting the liabilities of persons whose claims have been admitted under this Act, the Commissioner shall notify, in such manner as he may think fit, the amount of money available with him and specify in such notification a date within which the owners of the coking coal mines or coke oven plants, the managing contractors and the owners of any machinery, equipment's or other property which has vested in the Central Government or a Government company under this Act and which does not belong to the owners of the coking mines or coke oven plants may apply to him for payment. (2) Where any application is made under sub-section (1), the Commissioner shall, after satisfying himself..... View Complete Act List Judgments citing this sectionTitle : Contracts Cease to Have Effect Unless Ratified by the Central Government
State : Central
Year : 1972
(1) Every contract entered into by the owner or occupier of any coking coal mine or coke oven plant for any service, sale or supply before the appointed day shall, on and from the expiry of one hundred and twenty days from the date of assent cease to have effect unless such contract is, before the expiry of that period, ratified, in writing, by the Central Government and in ratifying such contract the Central Government may make such alterations or modifications therein as it may think fit: Provided that the Central Government shall not omit to ratify a contract unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interests of the coking coal mine or coke oven plant. (2) The Central Government shall not omit to..... View Complete Act List Judgments citing this sectionTitle : Acquisition of Rights of Owners of Coke Oven Plants
State : Central
Year : 1972
5. 1[(1)] Acquisition of rights of owners of coke oven plants.-- On the appointed day, the right, title and interest of the owners of each of the coke oven plants specified in the Second Schedule, being the coke oven plants which are situated in or about the coking coal mines specified in.the First Schedule, shall stand transferred to, and shall vest absolutely in, the Central Government, free from all incumbrances. 1[2) If after the appointed day, the Central Government is satisfied, whether from any information received by it or otherwise, that there has been any error, omission or misdescription in relation to the particulars of a coke oven plant included in the Second Schedule or the name and address of the owner of any such coke oven plant, it may, by notification, correct such..... View Complete Act List Judgments citing this sectionTitle : Payment of Further Amount
State : Central
Year : 1972
(1) In consideration of the retrospective operation of the provisions of section 4 and section 5, there shall be given by the Central Government, in cash, to the owner of every coking coal mine specified in the First Schedule or the owner of every coke oven plant specified in the Second Schedule, an amount equal to the amount which would have been, but for the provisions of the said section 4 or section 5, as the case may be, payable to such owner under the Coking Coal Mines (Emergency Provisions) Act, 1971, for the period commencing on the 1st day of May, 1972, and ending on the date of assent. (2) In addition to the amount specified in sub-section (1), there shall be given by the Central Government, in cash to the owner of every coking coal mine specified in the First Schedule and..... View Complete Act List Judgments citing this sectionTitle : Accounts and Audit
State : Central
Year : 1972
The Custodian of every coking coal mine or coke oven plant shall maintain the accounts of such mine or plant in such manner and under such conditions as may be prescribed. View Complete Act List Judgments citing this sectionTitle : Payment of Amount to Owners of Coke Oven Plants
State : Central
Year : 1972
1[(1)] The owner of every coke oven plant specified in the second column of the Second Schedule shall be given by the Central Government, in cash and in the manner specified in section 21, for vesting in it, under section 5, the right, title and interest of the owner in relation to such coke oven plant, an amount equal to the amount specified against it in the corresponding entry in the fifth column of the said Schedule. 1[(2) For the removal of doubts, it is hereby declared that the amount specified in the fifth column of the Second Schedule against any coke oven plant specified in the second column of the said Schedule and required to be given by the Central Government to its owner under subsection (1) shall be deemed to include, and deemed always to have been included, the..... View Complete Act List Judgments citing this sectionTitle : Disbursement of Money by the Commissioner
State : Central
Year : 1972
Where the total amount of the claim admitted by the Commissioner does not exceed the total amount of the money credited to the account of a coking coal mine or coke oven plant, every such admitted claim shall rank equally among themselves and be paid in full, and the balance, if any, shall be paid to the owner, but where such amount is insufficient to meet in full the total amount of the admitted claims, every such claim shall abate in equal proportions and be paid accordingly. View Complete Act List Judgments citing this sectionTitle : Mining Companies Not to Be Wound Up by Court
State : Central
Year : 1972
No proceeding for the winding up of a mining company, the right, title and interest in relation to the coking coal mine or coke oven plant owned by which have vested in the Central Government or in a government company under this Act or for the appointment of a receiver in respect of such business, shall lie in any court except with the consent of the Central Government. View Complete Act List Judgments citing this sectionTitle : Commissioner of Payments to Be Appointed
State : Central
Year : 1972
(1) For the purpose of disbursing the amount payable to the owner of each coking coal mine or coke oven plant, the Central Government shall appoint such person as it may think fit to be the Commissioner of Payments. 1[(2) The Central Government may appoint such other persons as it may think fit to assist the Commissioner and thereupon the Commissioner may authorise one or more of such persons to also exercise all or any of the powers exercisable by him under this Act, and different persons may be authorised to exercise different powers. (2A) Any person authorised by the Commissioner to exercise any powers may exercise those powers in the same manner and with the same effect as if they have been conferred on that person directly by this Act and not by way of authorisation.] (3) The..... View Complete Act List Judgments citing this section