Title : Provident Fund and Other Funds
State : Central
Year : 1980
(1) Where either of the two companies has established a provident fund, superannuation, welfare or other fund for the benefit of the persons employed in any of its undertakings, the moneys relatable to the officers or other employees whose services have become transferred by or under this Act to the Central Government or an existing, or a new, Government company shall, out of the moneys standing, on the appointed day, to the credit of such provident fund, superannuation, welfare or other fund, stand transferred to , and shall vest in, the Central Government or the concerned Government company, as the case may be. (2) The moneys which stand transferred under sub-section (1) to the Central Government or the Government company, as the case may be, shall be dealt with by that Government..... View Complete Act List Judgments citing this sectionTitle : Examination of Claims
State : Central
Year : 1980
(1) On receipt of the claims made under section 18, the Commissioner shall arrange the claims in the order of priorities specified in the Second Schedule and examine the same in accordance with such order. (2) If, on examination of the claims, the Commissioner is of opinion that the amount paid to him under this Act is not sufficient to meet the liabilities specified in any lower category, he shall not be required to examine the claims in respect of such lower category. View Complete Act List Judgments citing this sectionTitle : Contracts to Cease to Have Effect Unless Ratified by the Central Government or Government Companies
State : Central
Year : 1980
Every contract entered into by either of the two companies in relation to any of its undertaking which has vested in the Central Government under section 3 for any service, sale or supply, and in force immediately before the appointed day, shall, on and from the expiry of a period of thirty day from the appointed day, cease to have effect unless such contract is, before the expiry of that period, ratified, in writing, by the Central Government or the Government company concerned in which such undertakings has been vested under this Act and in ratifying such contract, the Central Government or such Government company may make such alteration or modification therein as it may think fit: Provided that the Central Government or the such Government company shall not omit to ratify a..... View Complete Act List Judgments citing this sectionTitle : Protection of Action Taken in Good Faith
State : Central
Year : 1980
(1) No suit, prosecution or other legal proceeding shall lie against the Central Government or any officer of that Government or the Custodian or the Government companies 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 of its officers or other employee of the Custodian or the Government companies or any officer or other person authorised by those Companies 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 : Power to Remove Difficulties
State : Central
Year : 1980
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 : Duty to Deliver Possession of Property Acquired and Documents Relating Thereto
State : Central
Year : 1972
(1) Where any property has vested in the Central Government under section 3, every person in whose possession or custody or under when control the property may be, shall deliver the property to the Central Government forthwith. (2) Any person who, on the appointed day, has in his possession or under his control any books, documents or other papers relating to the undertaking which has vested in the Central Goverment under this Act and which belong to the old company, or, would have so belonged if the undertaking of the old company had not vested in the Central Government, shall be liable to account for the said books, documents or other papers to the Central Government and, on the transfer of such undertaking to the new company, to that company, and shall deliver them up to the..... View Complete Act List Judgments citing this sectionTitle : Vacation of Office by Directors, Etc., of the Old Company
State : Central
Year : 1972
(1) On the appointment of a Custodian, every person holding office; immediately before such appointment, as director or manager of the old company shall, notwithstanding anything contained in any other law for the time being in force or in any decree or order of any Court or Triburial, Vacate such office. (2) The Custodian shall receive the sum referred to in section 8 and shall deal with the said sum for meeting any liability which is incurred by the old company after the appointed day and the balance, if any, left after meeting the said liability, in accordance with the wishes of the members of the old company, expressed in a general meeting convened by the Custodian, and the provisions of the Companies Act, 1956, shall, so far as may be, apply to such meeting. (3) The Custodian..... View Complete Act List Judgments citing this sectionTitle : Suits and Legal Proceedings, Not to Be Commenced or Proceeded with
State : Central
Year : 1972
(1) On and from the date on which the Tribunal is constituted, no suit or other legal proceeding shall be commenced, or if pending at the date of such constitution, shall be proceeded with, against the old company except, with the leave of the Tribunal and subject to such terms as the Tribunal may impose. (2) Save as otherwise provided in this Act, the Tribunal shall have, and no Court or other Tribunal shall have, jurisdiction to entertain or dispose of-- (a) any suit or proceeding by, or on behalf of, or against, the old company; (b) any claim made by, or on behalf of, or against, the old company; (c) any question of priorities and any other question whatsoever, whether of law or of fact, which may relate to, or arise in relation to, the genuineness or otherwise of, any share..... View Complete Act List Judgments citing this sectionTitle : Power to Remove Difficulty
State : Central
Year : 1972
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 commencement of this Act. View Complete Act List Judgments citing this sectionTitle : Definitions
State : Central
Year : 1972
In this Act, unless the context otherwise requires. (a) "article" means an article of the Constitution; (b) "associate member" means a member nominated under section 5; (c) "Commission" means the Delimitation Commission constituted under section 3; (d) "Legislative Assembly" Includes the Metropolitan Council of Delhi; (e) "latest census figures" means the census Figures as ascertained at the census held in 1971: (f) "member" means a member of the Commission and includes the Chairman; (g) "Stale" includes a Union territory having a Legislative Assembly but docs not include the State of Jammu and Kashmir. View Complete Act List Judgments citing this section