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Air Corporations Act, 1953 [Repealed] Chapter II

Title: Constitution and Functions of the Corporations

State: Central

Year: 1953

.....otherwise, as it may similarly determine. _________________________ 1. Word "members" in sub-section (1) and word "member" in the proviso to sub-section (1) and subsection (2), substituted by the Air Corporations (Amdt.) Act (49 of 1971). S. 3 (1-2-1972). 2. Substituted for the words "such remuneration by way of allowances", by the Air Corporations (Amdt.) Act (49 of 1971), S. 3(ii)(b) (7-2-1972). Section 6 - Vacancy in Corporation not to invalidate proceedings No act or proceeding of either of the Corporations shall be deemed to be invalid by reason merely of any vacancy in, or any defect in the Constitution of, the Corporation. Section 7 - Functions of the Corporation (1) Subject to the rules, if any, made by the Central Government in this behalf, it shall be the function of each of the Corporations to provide safe, efficient, adequate, economical and properly co-ordinated air transport services, whether internal or international or both, and the Corporations shall so exercise their powers as to secure that the air transport services are developed to the best advantage and, in particular, so exercise those powers as to secure that the services are provided at.....

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Air Corporations Act, 1953 [Repealed] Repealing Act 1

Title: Air Corporations (Transfer of Undertakings and Repeal) Act, 1994

State: Central

Year: 1953

.....of this Act, the Central Government may, by order published in the Official Gazette, 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 coming into force of this Act. (2) Every order made under sub-section (1) shall be laid before each House of Parliament. 11. Repeal of Act 27 of 1953 and cessation of corporations (1) On the appointed day, the Air Corporations Act, 1953 shall stand repealed. (2) The corporations shall, with the repeal of the Air Corporations Act, 1953, cease to exit. 12. Repeal and saving (1) The Air Corporations (Transfer of Undertakings and Repeal) Ordinance, 1994 (Ordinance 4 of 1994) is hereby repealed. (2) Notwithstanding such repeal of the Air Corporations (Transfer of Undertakings and Repeal) Ordinance, 1994 (Ordinance 4 of 1994), anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.

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Life Insurance Corporation Act, 1956 Chapter 4

Title: Transfer of Existing Life Insurance Business to the Corporation

State: Central

Year: 1956

.....before the appointed day. Section 9 - General effect of vesting of controlled business (1) Unless otherwise expressly provided by or under this Act, all contracts, agreements and other instruments of whatever nature subsisting or having effect immediately before the appointed day and to which an insurer whose controlled business has been transferred to and vested in the Corporation is a party or which are in favour of such insurer shall in so far as they relate to the controlled business of the insurer be of as full force and affect against or in favour of the Corporation, as the case may be, and may be enforced or acted upon as fully and effectually as if, instead of the insurer, the Corporation had been a party thereto or as if they had been entered into or issued in favour of the Corporation. (2) If on the appointed day any suit, appeal or other legal proceeding of whatever nature is pending by or against an insurer, then, in so far as it relates to his controlled business, it shall not abate, be discontinued or be in any way prejudicially affected by reason of the transfer to the Corporation of the business of the insurer or anything done under this Act, but the suit,.....

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Chapter III

Title: Amendments to the Deposit Insurance Corporation Act, 1961

State: Central

Year: 1978

..... (1) in the long title, after the words "insurance of deposits", the words "and guaranteeing of credit facilities" shall be inserted; (2) in section 1, in sub-section (1), for the words "the Deposit Insurance Corporation", the words "the Deposit Insurance and Credit Guarantee Corporation" shall be substituted; (3) in section 2,-- (i) in clause (e), for the words "the Deposit Insurance Corporation", the words "the Deposit Insurance and Credit Guarantee Corporation" shall be substituted; (ii) after clause (ee), the following clause shall be inserted, namely: -- '(eea) "credit institution" means all or any of the following, namely: -- (i) a banking company; (ii) a corresponding new bank; (iii) a Regional Rural Bank; (iv) a co-operative bank; (v) a financial institution;'; (iii) after clause (hh), the following clause shall be inserted, namely:-- '(hha) "financial institution" means any financial institution within the meaning of clause (c) of section 451 of the Reserve Bank of India Act, 1934 (2 of 1934); (4) in section 3, after sub-section (1), the following sub-section shall be inserted, namely: -- "(1A) Any reference in this Act to the Deposit.....

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 8

Title: Amendment of the Deposit Insurance Corporation Act, 1961

State: Central

Year: 1978

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State Financial Corporations Act, 1951 Chapter II

Title: Insorporation of State Financial Corporations, their Capital and Management

State: Central

Year: 1951

..... 4[* **] (f) determine which of the participating State Governments shall exercise the several functions of the State Government under this Act, and references in this Act to the State Government, in relation to the Joint Financial Corporation, shall, save as otherwise expressly provided, be construed accordingly; (g) provide for consultation among the participating States either generally or with reference to particular matters arising under this Act; (h) make such incidental and consequential provisions, not inconsistent with this Act, as may be deemed necessary or expedient for giving effect to the agreement. (3) The Joint Financial Corporation shall be a body corporate by the name notified under Sub-section (1), having perpetual succession and a common seal, with power, subject to the provisions of this Act, to acquire, hold and dispose of property and shall by the said name sue and be sued. (4) Any reference in this Act to "State" in relation to a Joint Financial Corporation established for two or more States, shall be construed as a reference to each such State.] ______________________ 1. Inserted by Act 56 of 1956, section 4 (w.e.f. 1-10-1956). 2......

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Warehousing Corporations Act, 1962 Chapter II

Title: The Central Warehousing Corporation

State: Central

Year: 1962

..... 1["(ea) inter into, with the previous approval of the Central Government, joint ventures with any corporation established by or under any Central Act or any State Act or with any company formed and registered under the Companies Act, 1956 (1 of 1956) including foreign company or through its subsidiary companies, for carrying out the purposes of this Act. Explanation. - For the purpose of this clause, the expression "foreign company" shall have the meaning assigned to it under the clause (23A) of section 2 of the Income-tax Act, 1961(43 of 1961); (eb) establish subsidiary companies; and"] (f) carry out such other functions as may be prescribed. ________________________ 1. Inserted By The Warehousing Corporation (Amendment) Act, 2001 w.e.f. 01.11.2001. 2 . The word "and" omitted by The Warehousing Corporation (Amendment) Act, 2001 w.e.f. 01.11.2001. Section 12 - Executive Committee (1) There shall be an ExecutiveCommittee of the Central Warehousing Corporation which shall consist of-- (a) the Chairman 1 [ ****] of the board of directors; (b) the managing director; and (c) two other directors chosen by the Corporation in theprescribed manner. 2 (2) The.....

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Warehousing Corporations Act, 1962 Chapter III

Title: State Warehousing Corporations

State: Central

Year: 1962

.....under sub-section (1) where, under clause (g)of sub-section (2) of section 43-, a Corporation is deemed to be established for that State under this Act. Section 19 - Share capital and shareholders (1) The authorised capital of a State Warehousing Corporation shall be such sum not exceeding two crores of rupees as may be prescribed, divided into shares of the face value of one hundred rupees each, of which such number as may be determined by the Corporation in consultation with the State Government shall be issued in the first instance and the remaining shares may be issued, from time to time, as and when the Corporation may deem fit after consultation with the Central Warehousing Corporation and with the sanction of the State Government: 1[Provided that in respect of any State Warehousing Corporation the Central Government may, after consultation with the State Government concerned, from time to time and by order notified in the Official Gazette, increase the maximum limit of the authorised capital aforesaid to such extent and in such manner as the Central Government may determine.] (2) Of the share capital issued in the first instance and of any subsequent issue of such.....

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Faridabad Development Corporation Act, 1956 Chapter III

Title: Powers and Functions of the Corporation

State: Central

Year: 1956

.....of the Corporation. (2) All suits or other legal proceedings instituted or which might but for the issue of the notification under sub-section (1) of section 3 have been instituted by or against the Central Government may be continued or instituted by or against the Corporation. Section 20 - Fund of the Corporation (1) The Corporation shall have its own Fund and all receipts of the Corporation shall be carried thereto and all payments by the Corporation shall be made therefrom. (2) All moneys belonging to the Fund shall be deposited in such bank or invested in such manner as may be decided by the Corporation. Section 21 - Provision for depreciation and reserve and other funds (1) The Corporation shall make such provision for depreciation and for reserve and other funds as the Central Government may from time to time direct. (2) The management of these funds, the sums to be carried from time to time to the credit thereof and the application of the moneys comprised therein shall be determined in accordance with such directions as the Central Government may from time to time issue. Section 22 - Power of the Corporation to spend The Corporation shall.....

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Prasar Bharati (Broadcasting Corporation of India) Act, 1990 Chapter II

Title: Prasar Bharati (Broadcasting Corporation of India)

State: Central

Year: 1990

..... (4) The recommendations made by the committee constituted under sub-section (1) shall be binding for the purposes of appointment under this section. Section 5 - Powers and functions of Executive Member TheExecutive Member shall be the Chief Executive of the Corporation and shall,subject to the control and supervision of the Board, exercise such powers anddischarge such functions of the Board as it may delegate to him. Section 6 - Term of office, conditions of service, etc., of Chairman and other Members 1[(1) The Chairman shall be Part-time Member and shall hold office for a term of three years from the date on which he enters upon his office or until he attains the age of seventy years, whichever is earlier: Provided that any person holding office as a Chairman immediately before the commencement of the Prasar Bharati (Broadcasting Corporation of India) Amendment Act, 2008 shall, in so far as his appointment is inconsistent with the provisions of this sub-section, cease to hold office on such commencement as such Chairman and shall not be entitled to any compensation because of his ceasing to hold such office.] (2) The Executive Member, the Member.....

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