Bare Act Search Results

Coal Mines Taking over of Management Act 1973 Chapter I

Title: Preliminary

State: Central

Year: 1973

.....to the owner of the mine, and in, adjacent to or situated on the surface of, the mine where the washing of coal obtained from the mine or manufacture, therefrom, of coke is carried on; (xi) all lands and buildings [other than those referred to in sub-clause (x)] wherever situated and solely used for the location of the management, sale or liaison offices, or for the residence of officers and staff, of the mine; (xii) all other assets, movable and immovable, belonging to the owner of a mine, wherever situated, including cash balances, reserve funds and investments in so far as they relate to the mine and also any money lawfully due to him in relation to the mine in respect of any period prior to the appointed day; (h) "mining company" means a company owning a coal mine, and in relation to a foreign company within the meaning of section 591 of the Companies Act, 1956, the undertaking of that company in India. (i) "notified order" means an order notified in the Official Gazette; (j) words and expressions used herein and not defined but defined in the Coal Mines (Conservation, Safety and Development) Act, 1952, have the meanings, respectively, assigned to them in.....

Coal Mines Taking over of Management Act 1973 Section 2

Title: Definitions

State: Central

Year: 1973

.....to the owner of the mine, and in, adjacent to or situated on the surface of, the mine where the washing of coal obtained from the mine or manufacture, therefrom, of coke is carried on; (xi) all lands and buildings [other than those referred to in sub-clause (x)] wherever situated and solely used for the location of the management, sale or liaison offices, or for the residence of officers and staff, of the mine; (xii) all other assets, movable and immovable, belonging to the owner of a mine, wherever situated, including cash balances, reserve funds and investments in so far as they relate to the mine and also any money lawfully due to him in relation to the mine in respect of any period prior to the appointed day; (h) "mining company" means a company owning a coal mine, and in relation to a foreign company within the meaning of section 591 of the Companies Act, 1956, the undertaking of that company in India. (i) "notified order" means an order notified in the Official Gazette; (j) words and expressions used herein and not defined but defined in the Coal Mines (Conservation, Safety and Development) Act, 1952, have the meanings, respectively, assigned to them in.....

Coal Mines (Nationalisation) Act, 1973 Chapter I

Title: Preliminary

State: Central

Year: 1973

.....under its control the regulation and development of coal mines to the extent hereinafter provided in sub-sections (3) and (4) of section 3 and sub-section (2) of section 30. (2) The declaration contained in sub-section (1) is in addition to, and not in derogation of, the declaration contained in section 2 of the Mines and Minerals (Regulation and Development) Act, 1957.] ________________________ 1. Inserted by the Coal Mines (Nationalisation) Amendment Act (67 of 1976), Section. 2 (w.r.e.f. 29-4-76). Section 2 - Definitions In this Act, unless the context otherwise requires, (a) "appointed day" means the 1st day of May, 1973; (b) "coal mine" means a mine in which there exists one or more seams of coal; (c) "company" means a company as defined in section 3 of the Companies Act, 1956 and includes a foreign company within the meaning of section 591 of that Act; (d) "Commissioner" means the Commissioner of Payments appointed under section 17; (e) "Custodian" means the Custodian appointed under sub-section (2) of section 11, to take over, or carry on, the management of a coal mine; (f) "Government company" has the meaning assigned to it by section 617 of the.....

Coal Mines (Nationalisation) Act, 1973 Section 2

Title: Definitions

State: Central

Year: 1973

.....to the owners of the mine, and in, adjacent to or situated on the surface of, the mine where the washing of coal obtained from the mine or manufacture, therefrom, of coke is carried on; (xi) all lands and buildings [other than those referred to in sub-clause (x)], wherever situated, if solely used for the location of the management, sale or liaison offices, or for the residence of officers and staff, of the mine; 1 [(xii) all other fixed assets, movable and immovable, belonging to the owner of a mine, wherever situate and current assets, belonging to a mine, whether within its premises or outside. Explanation.--The expression "current assets" does not include,-- (a) dues representing the sale of coal and coal products effected at any time before the appointed day and outstanding immediately before the said day; (b) dues from the Coal Board, established under section 4 of the Coal Mines (Conserva­tion, Safety and Development) Act, 1952, prior to the repeal of the said Act, with respect to any period before the appointed day; (c) dues from sundry debtors, loans and advances to other parties and investments, not being investments in the coal mines; (d).....

Coal Mines (Nationalisation) Act, 1973 Complete Act

State: Central

Year: 1973

.....the above two Acts. Some of the important amendments which the Ordinance proposed were as follows:- (a) the definition of "mine'' inthe Coking Coal Actandthe Coal Mines Actincluded all coal and coke belonging to the owner of the mine whether in stock or in transit and all coal under production in a mine on a day immediately prior to the date on which the coal mines were nationalised. Accordingly, the amounts specified in the Schedules to the two Acts included the value of the coke and coal in stock lying at the mines at the time of nationalisation. The Supreme Court, however, in a recent case, while agreeing with the contention that the coke and coal stocks lying at the mine vested in the Government as a result of nationalisation, took the view that the value of coke and coal stocks had to be taken into account for balancing the position of accounts as on the date immediately preceding the date of nationaliiation. This would have involved double payment of the amount in as much as the value of the coke and coal stocks had already been included in the amounts mentioned in the Schedules to the Acts against each coal mine. In order to make the intention clear sections 10and22 of.....

Coal Mines (Taking over of Management) Act, 1973 Complete Act

State: Central

Year: 1973

.....take over, or carry on. the management of the coal mine: (e) "Government company "has the mean ing assigned to it bysection 617 of the Companies Act, 1956-: (f) "managing contractor" means inc person, or body of persons, who. with the previous consent in writing of the State Government, has entered into an arrangement, contract or understanding, with the owner of the coal mine under which the operations of the mine are substantially controlled by such person or body of persons: (g) "mine" means any excavation where any operation for the purpose of searching for or obtaining minerals has been or is being carried on. and includes- (i) all borings and bore holes: (ii) all shafts, whether in the course of being sunk or not: (iii) all levels and inclined planes in the course of being driven: (iv) all open cast workings: (v) all conveyors or aerial ropeways provided for the bringing into or removal from a mine of minerals of other articles or lor the removal of refuse therefrom: (vi) all lands, buildings, works, adits, levels, planes, machinery and equipments, instruments, stores, vehicles, railways, tramways and sidings in, or adjacent to, a mine and used for the purposes.....