Title : 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 : 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 : Reinstatement
State : Central
Year : 1972
(1) In this section,-- (a) "former employee" means a qualified person who was released by an employer for employment in national service; (b) "former employer" means the employer by whom a former employee was employed in an establishment immediately before the enlistment of such employee for national service; (c) "former employment" means the employment in which the former employee was employed immediately before his enlistment for national service. (2) (a) A former employee may, on the termination of his national service, make an application in such manner and within such period as may be prescribed to his former employer for reinstatement in his former employment. (b) On receipt of an application referred to in clause (a), the former employer shall be under an obligation..... View Complete Act List Judgments citing this sectionTitle : Power to Make Regulations
State : Central
Year : 1972
The Central Government may make regulations not inconsistent with this Act, to provide for all or any of the following matters, namely:-- (a) enabling or requiring a qualified person to be transferred to any branch of the Armed Forces of the Union or to any other branch of national service; (b) examination of physical and mental fitness of qualified persons subject to registration under this Act; (c) determination of the categories in which qualified persons whose physical and mental fitness has been examined shall be placed by reference to their physical or mental conditions or both; (d) specification of the principles to be applied and the circumstances to be considered while hearing an application for the grant or renewal of a postponement certificate; (e) specification of..... View Complete Act List Judgments citing this sectionTitle : Power of Central Government to Direct Vesting of the Undertakings of the Two Companies in Two Government Company
State : Central
Year : 1980
(1) Notwithstanding anything contained in section 3 and 4, the Central Government may, subject to such terms and conditions as it may think fit to impose, direct, by notification, that each of the undertakings of the two companies and the right, title and interest of each of the two companies in relation to their respective undertakings which have vested in the Central Government under section 3, and such of the liabilities of each of the two companies as are specified in sub-section (2) of section 5, shall, instead of continuing to vest in the Central Government, vest in two Government companies 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..... View Complete Act List Judgments citing this sectionTitle : Management, Etc., of the Undertakings of the Two Companies
State : Central
Year : 1980
The general superintendence, direction, control and management of the affairs and business of the undertakings of each of the two companies, the right, title and interest in relation to which have vested in the Central Government under section 3, shall,- (a) Where a direction has been given by the Central Government under sub-section (1) of section 6, 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 the exclusion of all other persons, all such powers and do all..... View Complete Act List Judgments citing this section