Bare Act Search Results

Co-operative Textile Mills (Acquisition and Transfer) Act, 1986 Preamble 1

Title: Karnataka Co-operative Textile Mills (Acquisition and Transfer) Act, 1986

State: Karnataka

Year: 1986

.....and in order to secure the proper management of the said Mills, so as to subserve the interest of the general public, by ensuring continued manufacture, production and distribution of yarn and cloth which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto. WHEREAS the owners of the Karnataka Co-operative Textile Mills M/s. The Karnataka Co-operative Textile Mills, Ltd., Dharwar had closed down the said Mills in the year 1969 and had subsequently with the permission of the State Government leased out the said Mills in 1970 to M/s. G.Mahadevappa & Sons, Hubli, a partnership firm and the lessee also closed down the Mills in 1979 as it was not able to manage the affairs of the said Mills properly; WHEREAS the closure of the said Mills was prejudicial to the Scheduled industry, namely the cotton textile industry the Government of India, under section 18AA of the Industries (Development and Regulation) Act, 1951, issued a Notification No. S.O.170(E)18AA/IDRA/79, dated Thirtieth day of March, 1979 and authorised the State Government to take over the management of the said Mills initially for a period not.....

Co-operative Textile Mills (Acquisition and Transfer) Act, 1986 Chapter II

Title: Acquisition and Transfer of the Karnataka Co-operative Textile Mills Ltd., Dharwar

State: Karnataka

Year: 1986

.....payable. (3) For the removal of doubts, it is hereby declared that,- (a) save as otherwise expressly provided in this section or in any other section of the Act, no liability, other than the liability specified in sub-section (2), of the lessor or lessee in relation to the mills in respect of any period prior to the appointed day shall be enforceable against the Government, or where the mills is directed under section 8 to vest in the Company, against the Company. (b) No award, decree or order of any court, tribunal or other authority in relation to the mills passed after the appointed day in respect of any matter, claim or dispute in relation to any matter not referred in sub-section (2), which arose before that day, shall be enforceable against the Government or where the mills is directed under section 8 to vest in the Company, against the Company. (c) No liability incurred by the lessor or lessee before the appointed day for the contravention of any provisions of law for the time being in force shall be enforceable against the Government or where the mills is directed under section 8 to vest in the Company, against the Company. Section 7 - Right of Government to.....

Co-operative Textile Mills (Acquisition and Transfer) Act, 1986 Complete Act

Title: Co-operative Textile Mills (Acquisition and Transfer) Act, 1986

State: Karnataka

Year: 1986

.....or rejection of claims Section 22 - Disbursement of the amount by the Commissioner to the claimants Section 23 - Undisbursed or unclaimed amount to be deposited to the General Revenue Account Chapter VI Section 24 - Transfer of service of officers or other employees of the mills Section 25 - Transfer of provident fund, welfare fund, etc. Chapter VII Section 26 - Act to have overriding effect Section 27 - Contract to cease to have effect unless ratified by Company Section 28 - Protection of action taken in good faith Section 29 - Penalties Section 30 - Offences by Companies Section 31 - Power to make rules Section 32 - Power to remove difficulties Section 33 - Repeal and savings Schedule 1 - SCHEDULE

Co-operative Textile Mills (Acquisition and Transfer) Act, 1986 Chapter I

Title: Preliminary

State: Karnataka

Year: 1986

.....or lessee and all other moveable or immoveable properties owned by the lessor; (f) "lessee" means the partnership firm known as M/s. Mahadevappa & Sons, Jayachamaraj Nagar, Hubli-20; (g) "lessor" means the Karnataka Co-operative Textile Mills Ltd., Dharwar, a Co-operative Society deemed to be registered under the Karnataka Co-operative Societies Act, 1959; (h) "present management" means the State Government authorised by the Central Government under clause (b) of sub-section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951 (Central Act 65 of 1951) as per Notification No.S.O.170(E)/18AA/IDRA/79, dated 30th March, 1979; (i) "Schedule" means the Schedule appended to this Act; (j) "specified date" means such date as the Government may for the purposes of any provision of this Act by notification, specify.

Co-operative Textile Mills (Acquisition and Transfer) Act, 1986 Section 2

Title: Definitions

State: Karnataka

Year: 1986

.....or lessee and all other moveable or immoveable properties owned by the lessor; (f) "lessee" means the partnership firm known as M/s. Mahadevappa & Sons, Jayachamaraj Nagar, Hubli-20; (g) "lessor" means the Karnataka Co-operative Textile Mills Ltd., Dharwar, a Co-operative Society deemed to be registered under the Karnataka Co-operative Societies Act, 1959; (h) "present management" means the State Government authorised by the Central Government under clause (b) of sub-section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951 (Central Act 65 of 1951) as per Notification No.S.O.170(E)/18AA/IDRA/79, dated 30th March, 1979; (i) "Schedule" means the Schedule appended to this Act; (j) "specified date" means such date as the Government may for the purposes of any provision of this Act by notification, specify.

Co-operative Textile Mills (Acquisition and Transfer) Act, 1986 Section 4

Title: Transfer and Vesting of the Mills in the Government

State: Karnataka

Year: 1986

On the appointed day, the Karnataka Co-operative Textile Mills (hereinafter referred to as the mills) and the rights, title and interest of the lessor and lessee in relation to the mills, shall, by virtue of this Act, stand transferred to, and shall vest absolutely in the Government.

Central India Spinning, Weaving & Manufacturing Company Limited, the Empress Mills, Nagpur (Acquisition & Transfer of Undertaking) Act, 1986 Complete Act

State: Maharashtra

Year: 1986

.....Weaving and Manufacturing Company Limited, being an existing company as defined in clause (ii) of sub-section (1) of section 3 of the Companies Act, 1956, had been engaged in the manufacture and production of yearn, cloth and paper manufacturing through its undertaking which was composite textile mill and paper manufacturing Company Limited, "The Empress Mills", Nagpur; AND WHEREAS, in Petition No. 183 of 1986 filed by the Company for voluntary winding up, the High Court of Bombay had made an order for appointment of the Provisional Liquidator and the proceedings for its liquidation were pending; AND WHEREAS, the company had declared lock-out throwing about more than 6,000 workers out of employment and the undertaking has not been functioning since 3rd May, 1986; AND WHREAS, it was expedient to acquire the undertaking of the said company to ensure that the interest of the general public and of the employees of the undertaking were served by the continuance, by the undertaking of the said company, of the manufacture, production and distribution of textile and paper products which are essential to the needs of the country and to provide for matters connected therewith or.....

The Bhaskar Textile Mills (Acquisition and Transfer) Act, 1986 Complete Act

State: Orissa

Year: 1986

..... 17. Claim to be made to the Commissioner. (Substituted by the Bhaskar Textile Mills (Acquisition and Transfer) Amendment and Validation Act, 1990 (Orissa Act 18 of 1990) S. 2, came into force, w.e.f. the 12th March 1983) [Every person having a claim against the owner of the textile undertaking shall prefer such claim before the Commissioner within thirty days from the date of publication of a notice issued by the Commissioner inviting such claims:] Provided that if the Commissioner is satisfied that the claimant was prevented by sufficient cause from preferring the claim within the said period of thirty days, he may entertain the claim within a further period of thirty days but not thereafter, 18. Priority of claims. The claims arising out of the matters specified in the Schedule shall have priorities in accordance with the following principles, namely:" (a) category I shall have precedence over all other categories and category II shall have precedence over category III and so on; (b) the claims specified in each category except category III shall rank equally and be paid in full,, but if the amount is insufficient to meet such claims in Kill, they shall.....

The Orissa Textile Mills Limited (Acquistion of Shares) Act, 1983 Complete Act

State: Orissa

Year: 1983

THE ORISSA TEXTILE MILLS LIMITED (ACQUISTION OF SHARES) ACT, 1983 THE ORISSA TEXTILE MILLS LIMITED (ACQUISTION OF SHARES) ACT, 1983 Orissa Act 27 of 1983 [Received the assent of the President on the 12th October 1983, fist published in an extraordinary issue of the Orissa Gazette, dated the 14th October 1983] An act to provide for the acquisition or shares of the Orissa Textile Mills Limited with a view to securing proper management of affairs of the company and the continuity and development of the product ion of goods which are vital to the needs of the country and for matters connected therewith or incidental thereof Be it enacted by the Legislature of the State of Orissa in the Thirty-fourth Year of the Republic of India, as follows;" CHAPTER I Preliminary 1. Short title and commencement. (1) This Act may be called the Orissa Textile Mills Limited (Acquisition of Shares) Act, 1983. (2) It shall be deemed to have come into force on the 27th day of August, 1983. 2. Definitions. In this Act, unless the context otherwise requires," (a) "appointed day" means the date of commencement of this Act; (b) "bank" means a banking company within the.....

Co-operative Textile Mills (Acquisition and Transfer) Act, 1986 Chapter VII

Title: Miscellaneous

State: Karnataka

Year: 1986

.....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 the validity of anything previously done under that rule. Section 32 - Power to remove difficulties If any difficulty arises in giving effect to the provisions of this Act, the Government may, by order, not inconsistent with the provisions of this Act, remove the difficulties: Provided that no such order shall be made after the expiry of a period of two years from the appointed day. Section 33 - Repeal and savings (1) The Karnataka Co-operative Textile Mills (Acquisition and Transfer) Ordinance, 1986 (Karnataka Ordinance 11 of 1986) is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under this Act.