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Start Free TrialIndian Copper Corporation (Acquisition of Undertaking) Act, 1972 Chapter II
Title: Acquisition of the Undertaking of the Indian Copper Corporation Limited
State: Central
Year: 1972
.....cause to be taken, all necessary steps for securing possession of all properties which have vested in that Government or Hindustan Copper under this Act. Section 8 - Duty to furnish particulars The company shall, within one month from the appointed day or such further period as the Central Government may allow in this behalf, furnish, in respect of the undertaking of the company, as on the appointed day, a complete inventory of -- (i) all the properties and assets; (ii) all the liabilities and obligations; and (iii) all agreements entered into by the company and in force on that day (including agreements, whether express or implied, relating to leave, pension, gratuity and other terms of service of any officer or other employee of the company), under which, by virtue of this Act, the Central Government or Hindustan Copper has, or will have, or may have, liabilities or obligations. and for this purpose, the Central Government or Hindustan Copper shall afford the company all reasonable facilities. Section 9 - Transfer of service of existing employees (1) Every officer or other employee employed, immediately before the appointed day, in connection with the affairs of.....
View Complete Act List Judgments citing this sectionIndian Copper Corporation (Taking over of Management) Act, 1972 Preamble 1
Title: Indian Copper Corporation (Taking over of Management) Act, 1972
State: Central
Year: 1972
THE INDIAN COPPER CORPORATION (TAKING OVER OF MANAGEMENT) ACT, 1972 [Act, No. 11 of 1972] [20th April, 1972] PREAMBLE An Act to provide for the taking over, in the public interest, of the management of the undertaking of the Indian Copper Corporation Limited, pending acquisition of that undertaking. Whereas it is expedient in the public interest that the undertaking of the Indian Copper Corporation Limited should be acquired for the purpose of enabling the Central Government to conserve and exploit in a scientific and rational manner to the maximum advantage of the nation, the copper deposits in the Singhbhum belt in the State of Bihar and to utilise the deposits in such manner as to subserve the common good, in the context of the requirements of copper in the country; AND WHEREAS it is expedient, in the public interest, to take over the management of the undertaking of the Indian Copper Corporation Limited pending acquisition thereof; BE it enacted by Parliament in the Twenty-third Year of the Republic of India as follows:-
View Complete Act List Judgments citing this sectionIndian Copper Corporation (Acquisition of Undertaking) Act, 1972 Preamble 1
Title: Indian Copper Corporation (Acquisition of Undertaking) Act, 1972
State: Central
Year: 1972
THE INDIAN COPPER CORPORATION (ACQUISITION OF UNDERTAKING) ACT, 1972 [Act, No. 58 of 1972] [21st September, 1972] PREAMBLE An Act to provide for the acquisition of the undertaking of the Indian Copper Corporation Limited for the purpose of enabling the Central Government to conserve and exploit, hi a scientific and rational manner, to the maximum advantage of the nation, the copper deposits in the Singhbhum belt in the State of Bihar, to utilise the copper deposits in such manner as to subserve the common good, in the context of the requirements of copper in the country, and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Twenty-third Year of the Republic of India as follows :--
View Complete Act List Judgments citing this sectionIndian Copper Corporation (Acquisition of Undertaking) Act, 1972 Section 6
Title: Power of Central Government to Direct Vesting of the Undertaking in Hindustan Copper
State: Central
Year: 1972
.....to vest in the Central Government, vest in Hindustan Copper either on the date of publication of the direction or on such earlier or later date (not being a date earlier than the appointed day) as may be specified in that direction. (2) Where an order vesting the undertaking of the company in Hindustan Copper is made under sub-section (1), all the rights, liabilitlies and obligations of the Central Government in relation to the undertaking of the company shall, on and from the date of such vesting, be deemed to have become the rights, liabilities and obligations, respectively of Hindustan Copper. (3) Hindustan Copper shall, in the management and administration of the undertaking of the company, act in accordance with such directions, if any, as may be issued by the Central Government in this behalf. (4) Hindustan Copper may also apply to the Central Government at any time for instructions as to the manner in which the management of the undertaking of the company or in relation to any matter arising in the course of such management shall be conducted.
View Complete Act List Judgments citing this sectionIndian Copper Corporation (Acquisition of Undertaking) Act, 1972 Complete Act
Title: Indian Copper Corporation (Acquisition of Undertaking) Act, 1972
State: Central
Year: 1972
Preamble1 - INDIAN COPPER CORPORATION (ACQUISITION OF UNDERTAKING) ACT, 1972 Chapter I Section1 - Short title Section2 - Declaration as to the policy of the State Section3 - Definitions Chapter II Section4 - Undertaking of the company to vest in Central Government Section5 - General effect of vesting under section 4 Section6 - Power of Central Government to direct vesting of the undertaking in Hindustan Copper Section7 - Duty to deliver possession of property acquired and documents relating thereto Section8 - Duty to furnish particulars Section9 - Transfer of service of existing employees Section10 - Provident, superannuation, welfare and other funds Chapter III Section11 - Amount to be paid for transfer and vesting of the undertaking of the company Chapter IV Section12 - Penalties Section13 - Offences by companies Section14 - Receiver not to be appointed in relation to the business of the company Section15 - Act to have overriding effect Section16 - Protection of action taken in good faith Section17 - Contracts in bad faith may be cancelled or varied Section18 - Power to make rules Section19 - Repeal of Act 11 of 1972
List Judgments citing this sectionIndian Copper Corporation (Taking over of Management) Act, 1972 Chapter II
Title: Management of the Undertaking of the Indian Copper Corporation
State: Central
Year: 1972
.....5 - Payment of amount to the company (1) The company shall be given by the Central Government an amount, in cash, for vesting in it, under section 3, of the management of the undertaking of the company. (2) For every month during which the management of the undertaking remains vested in the Central Government, the amount referred to in sub-section (1) shall be a sum of seventy-five thousand rupees: Provided that the amount payable under this sub-section shall be apportioned between the company and the persons in charge of the management of the undertaking of the company immediately before the appointed day, by virtue of a contract or other arrangement with the company, in such proportion as may be agreed upon by or between the company and such persons, and, in the event of there being no such agreement, in such proportion as may be determined by the High Court within the local limits of whose jurisdiction the principal place of business of the company of India is situated.
View Complete Act List Judgments citing this sectionIndian Copper Corporation (Taking over of Management) Act, 1972 Complete Act
Title: Indian Copper Corporation (Taking over of Management) Act, 1972
State: Central
Year: 1972
Preamble1 - INDIAN COPPER CORPORATION (TAKING OVER OF MANAGEMENT) ACT, 1972 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Management of the undertaking of the company to vest in Central Government Section4 - Appointment of Custodian to take over management of the undertaking of the company Section5 - Payment of amount to the company Chapter III Section6 - Penalties Section7 - Offences by companies Section8 - Certain proceedings before court to be barred Section9 - Exclusion of period of operation of Act Section10 - Act to have overriding effect Section11 - Protection of action taken in good faith Section12 - Contracts in bad faith may be cancelled or varied Section13 - Power to terminate contract of employment Section14 - Power to make rules Section15 - Repeal and savings
List Judgments citing this sectionCentral Excise Tariff Act, 1985 Chapter 74
Title: Copper and Articles Thereof
State: Central
Year: 1985
.....brass castings covered by ISRI code word 'Ivory'; new brass clippings covered by ISRI code word 'Label'; yellow brass primer covered by ISRI code word 'Lark'; brass pipe covered by ISRI code word 'Melon'; yellow brass rod turnings covered by ISRI code word 'Night'; new yellow brass rod ends covered by ISRI code word 'Noble'; yellow brass turnings covered by ISRI code word 'Normad'; mixed unsweated auto radiators covered by ISRI code word 'Ocean'; admiralty brass condenser tubes covered by ISRI code word 'Pales'; aluminium brass condenser tubes covered by ISRI code word 'Pallu'; manganese bronze solids covered by ISRI code word 'Parch' 7404 00 29 ---- Other kg. 16% 7405 00 00 MASTER ALLOYS OF COPPER kg. 16% 7406 COPPER POWDERS AND FLAKES 7406 10 00 - Powders of non-lamellar structure kg. 16% 7406 20 00 - Powders of lamellar structure;fiakes kg. 16% 7407 COPPER BARS, RODS AND.....
View Complete Act List Judgments citing this sectionCentral Excise Tariff (Amendment) Act, 2004 Chapter LXXIV
Title: Copper and Articles Thereof
State: Central
Year: 2004
.....one-tenth of the width. In the case of heading 7414, however, the term "wire" applies only to products, whether or not in coils, of any cross-sectional shape, of which no cross-sectional dimension exceeds 6 mm. (g) Plates, sheets, strip and foil Flat-surfaced products (other than the unwrought products of heading 7403), coiled or not, of solid rectangular (other than square) cross-section with or without rounded corners (including "modified rectangles" of which two opposite sides are convex arcs, the other two sides being straight, of equal length and parallel) of a uniform thickness, which are: (i) of a rectangular (including square) shape with a thickness not exceeding one-tenth of the width, (ii) of a shape other than rectangular or square, of any size, provided that they do not assume the character of articles or products of other headings. Headings 7409 and 7410 apply, inter alia, to plates, sheets, strip and foil with patterns (for example, grooves, ribs, chequers, tears, buttons, lozenges) and to such products which have been perforated, corrugated, polished or coated, provided that they do not thereby assume the character of articles or products of other.....
View Complete Act List Judgments citing this sectionCustoms Tariff Act 1975 Chapter 74
Title: Copper and Articles Thereof
State: Central
Year: 1975
..... 7401 20 00 - Cement copper (precipitated copper) kg. 12.5%3 -" 3. Substituted By The Third Schedule of Finance Act, 2006 w.e.f. 18.04.2006. 4. Omitted by The Finance Act, 2006, w.e.f. 1.1.2007. Prior to omission, it read as under:- "7403 23 -- Copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver): 7403 23 10 --- Copper-nickel-zinc base alloys (cupro-nickel) kg. 12.5%3 - 7403 23 20 --- Copper-nickel-zinc base alloys (nickel silver) kg. 12.5%3 -" 5. Omitted by The Finance Act, 2006, w.e.f. 1.1.2007. Prior to omission, it read as under:- "7407 22 -- Of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) : 7407 22 10 --- Hollow bars kg. 12.5%3 - 7407 22 20 --- Bars and rods kg. 12.5%3 -" 6. Omitted by The Finance Act, 2006, w.e.f. 1.1.2007. Prior to omission, it read as under:- "7414 Cloth (including endless bands), grill and netting, of copper wire; expanded metal of.....
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