Title : Recovery of Excess Payments Made by Central Government or Custodian
State : Central
Year : 1973
1[25. Recovery of excess payments made by Central Government or Custodian.-- Any amount in excess of payments over receipts in the statement of accounts prepared under section 19 shall be deemed to be an amount advanced by the Central Government or the Custodian, as the case may be, for the management of a coal mine during the period in which the management of such coal mine remained vested in the Central Government and the Central Government may make a claim to the Commissioner for such excess payment and such claim shall have priority over the claims of all other unsecured creditors of the claim mine, including those referred to in sub-section (2) of section 22. Explanation.-- In this section "Custodian" means the Custodian appointed under the Coal Mines (Taking Over of..... View Complete Act List Judgments citing this sectionTitle : Undisbursed or Unclaimed Amounts to Be Deposited to the General Revenue Account
State : Central
Year : 1973
Any money paid to the Commissioner which remains undisbursed or unclaimed for a period of1[three years from the day on which the last order for disbursement was made,] shall be transferred by the Commissioner to the general revenue account of the Central Government; but a claim to any money so transferred may be preferred to the Central Government by the person entitled to such payment and shall be dealt with as if such transfer had not been made, the order, if any, for payment of the claim being treated as an order for the refund of revenue. ________________________ 1 . Substituted for the words "three years from the last day on which the disbursement was made" by the Coal Mines Nationalisation Laws (Amendment) Act (22 of 1978), Section. 18 (27-5-78). View Complete Act List Judgments citing this sectionTitle : Commissioner of Payments to Be Appointed
State : Central
Year : 1973
(1) For the purpose of disbursing the amounts payable to the owner of each coal mine or group of coal mines, the Central Government shall appoint such person as it may think fit to be the Commissioner of Payments. (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 execisable by him under this Act, and different persons may be authorised to exercise different powers. (3) 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. (4) The..... View Complete Act List Judgments citing this sectionTitle : Disbursement of Money by the Commissioner to Claimants
State : Central
Year : 1973
Where, after meeting the claims admitted by him, of secured creditors, and unsecured creditors having priority under sub-section (2) of section 22, the total amount of claims of other unsecured creditors admitted by the Commissioner does not exceed the total amount of the money credited to the account of a coal mine, every such admitted claim shall 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, all such claims shall abate in equal proportions and be paid accordingly. View Complete Act List Judgments citing this sectionTitle : Exclusive Privilege of Corporation and Acquiring Companies to Cease
State : Central
Year : 1972
1[24A. Exclusive privilege of Corporation and acquiring companies to cease Notwithstanding anything contained in this Act, the exclusive privilege of the Corporation and the acquiring companies of carrying on general insurance business in India shall cease on and from the commencement of the Insurance Regulatory and Development Authority Act, 1999 and the Corporation and the acquiring companies shall, thereafter, carry on general insurance business in India in accordance with the provisions of the Insurance Act, 1938 (4 of 1938) :] 2[ Provided that the Corporation shall, on and from the commencement of the General Insurance Business (Nationalisation) Amendment Act, 2002, cease to carry on general insurance business. ] _________________________ 1. Inserted by Act 41 of 1999,..... View Complete Act List Judgments citing this sectionTitle : Provident and Other Funds
State : Central
Year : 1973
(1) Where a coal mine has established a provident fund, superannuation, welfare, or other fund for the benefit of its employees, the monies relatable to the employees, whose services have become transferred by or under this Act to the Central Government or a Government company shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuation, welfare or other fund, stand transferred to, and vest in, the Central Government or the Government company, as the case may be. (2) The monies which stand transferred, under sub-section (1), to the Central Government or a Government company shall be, dealt with by that Government or company, as the case may be, in such manner as may be prescribed. View Complete Act List Judgments citing this sectionTitle : Power to Make Rules
State : Central
Year : 1973
(1) The Central Government may by notification, make rules to carry out the provisions of this Act. (2) In particular and without prejudice to the generality of the foregoing power such rules may provide for all or any of the following matters namely : (a) the manner in which the coal mine shall be managed by a Government company or a Custodian; (b) the manner in which monies in any provident or other fund referred to in section 15 shall be dealt with; (c) the form and manner in which the statement of accounts referred to in section 19 shall be prepared : (d) any other matter which is required to be or may be prescribed. (3) 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..... View Complete Act List Judgments citing this sectionTitle : Application of Sections 5 and 12 of the Limitation Act
State : Central
Year : 1973
1[23A. Application of sections 5 and 12 of the Limitation Act.-- The provisions of sections 5 and 12 of the Limitation Act, 1963, shall, so far as may be, apply to appeals under section 23.] ________________________ 1 . Inserted by Coal Mines Natioalisation Laws (Amendment) Act (22 of 1978), Section. 15 (27-5-78). View Complete Act List Judgments citing this sectionTitle : Power to Remove Difficulties
State : Central
Year : 1973
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 : Properties Vested in the Central Government to Be Freed from Mortgages Etc
State : Central
Year : 1973
(1) All property which vests in the Central Government or in a Government company under this Chapter shall, by force of such vesting, be freed and discharged from any trust, obligation, mortgage, charge, lien and all other incumbrances affecting it and any attachment, injunction or decree or order of any court restricting the use of such property in any manner shall be deemed to have been withdrawn. (2) Every mortgagee of any property which has vested under this Act in the Central Government or a Government company, and every person holding any charge, lien or other interest in or in relation to any such property shall give, within such time and in such manner as may be prescribed, an intimation to the Commissioner of such mortgage, charge, lien or other interest. (3) For the..... View Complete Act List Judgments citing this section