Bare Act Search Results

Caltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited) Act, 1977 Complete Act

State: Central

Year: 1977

.....Government company to take all necessary steps for taking possession of all properties, which have been transferred to, and vested in, it under this Act. SECTION 15: CONTRACTS TO CONTINUE UNLESS TERMINATED BY CENTRAL GOVERNMENT - (1) Every contract entered into by Caltex (India) for any service, sale or supply in India, and in force immediately before the appointed day shall, unless terminated under sub-section (2) within a period of two years from the appointed day, continue to be of full force and effect against or in favour of the Central Government or, as the case may be. the successor Government company. (2) The Central Government may, if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or is detrimental to the interests of that Government or the successor Government company, as the case may be, by order in writing, cither terminate such contract or make such alterations or modifications therein as it may think fit: Provided that the Central Government shall not terminate any contract or make any alteration or modification therein except after giving to the parties to the contract, a reasonable.....

Caltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Chapter VI

Title: Miscellaneous

State: Central

Year: 1977

.....Government company to take all necessary steps for taking possession of all properties, which have been transferred to, and vested in, it under this Act. Section 15 - Contracts to continue unless terminated by Central Government (1) Every contract entered into by Caltex (India) for any service, sale or supply in India, and in force immediately before the appointed day, shall, unless terminated under sub-section (2), within a period of two years from the appointed day, continue to be of full force and effect against or in favour of the Central Government or, as the case may be, the successor Government company. (2) The Central Government may, if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or in detrimental to the interests of that Government or the successor Government company, as the case may be, by order in writing, either terminate such contract or make such alterations or modifications therein as it may think fit: Provided that the Central Government shall not terminate any contract or make any alteration or modification therein except after giving to the parties to the contract, a reasonable.....

Caltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 16

Title: Use of Designs, Trade Marks, Etc, Belonging of Caltex Petroleum or Caltex (India)

State: Central

Year: 1977

Nothing in this Act shall be construed to entitle Caltex Oil Refining or the Central Government or the successor Government company to use-- (a) any designs, trade marks, trade names (including the name Caltex or any part thereof), styles of labelling, belonging to Caltex Petroleum or Caltex (India), after the expiry of a period of twelve months from the appointed day; and (b) any station decor (including distinctive colour schemes) belonging to Caltex Petroleum or Caltex (India), after the expiry of a period of twenty-four months from the appointed day.

Sick Textile Undertakings (Taking over of Management) Act, 1972 Section 4

Title: Management of Sick Textile Undertakings to Vest in Central Government on the Appointed Day

State: Central

Year: 1972

.....in the First Schedule shall Vest in the Central Government. (2) If, after the commencement of this Act, any investigation is ordered, under section 15 or section 15A of the Industries (Development and Regulation) Act, 1951, 65 of 1965 in relation to any textile undertaking, and it is reported after such investigation that the management of such textile undertaking ought to be taken over under section 18A of that Act, the Central Government may, if it is satisfied after consideration of such report and other relevant matters that such undertaking ought to be declared to be a sick textile undertaking, make a declaration to that effect and further declare that the management of such textile undertaking ought to be taken over by it under this Act and on and from the date of such declaration, (i) the textile undertaking specified in such declaration shall be deemed to be a sick textile undertaking, (ii) the management of such textile undertaking shall be deemed, for the purposes of this Act, to vest in the Central Government,and (iii) the textile undertaking and the textile company owning itshall be deemed to be included in the First Schedule, and thereupon the.....

Companies Act, 1956 Section 74

Title: Manner of Reckoning Fifth, Eighth and Tenth Days in Sections 72 and 73

State: Central

Year: 1956

In reckoning for the purposes of sections 72 and 73 the fifth day,1[or the eighth day] after another day, any intervening day which is a public holiday under the Negotiable Instruments Act, 1881 (56 of 1981), shall be disregarded, and if the fifth1[or eighth day] (as so reckoned) is itself such a public holiday there shall for the said purposes be substituted the first day thereafter which is not such other day. _____________________ 1. Substituted by Act 31 of 1988, Section 11, for "the eighth day, or the tenth day" (w.e.f. 15-6-1988).

INDUSTRIAL DISPUTES ACT, 1947 Section 25FFA

Title: Sixty days' notice to be given of intention to close down any undertaking

State: Central

Year: 1947

.....on the closure of the registered office or the head office, as the case may be, of that establishment or that other establishment. (2) Notwithstanding anything contained in sub-section (1), the State Government may, if it is satisfied that owing to such exceptional circumstances as accident in the undertaking, or death of the employer or the like it is necessary so to do, by order, direct that provisions of sub-section (1) shall not apply in relation to such undertaking for such period as may be specified in the order." ________________________ 1. Inserted by Act 32 of 1972, section 2 (w.e.f. 14-6-1972). 2. Vide President's Act 8 of 1971, section 3 (w.e.f. 28-8-1971).

Kosangas Company Acquisition of Undertaking Act, 1979 Section 5

Title: Special Provision as to Certain Rights and Interests Held Before the Appointed Day

State: Central

Year: 1979

.....or Gocul Gas Private Limited would have been entitled to such right or interest if it had not surrendered or otherwise relinquished or created such right or interest and this Act had not been passed: Provided that nothing in this sub-section shall apply to any right or interest surrendered or otherwise relinquished or created by Kosangas company or Gocul Gas Private Limited before the appointed day for sufficient monetary consideration. (3) On the expiry of the term of any; lease, tenancy or arrangement referred to in sub-section (1) or sub-section 92), such lease or tenancy or arrangement shall, if so desired by the Central Government, be renewed or continued so far as may be on the same terms and conditions on which the lease or tenancy or arrangement was originally granted or entered into.

Bombay City (Inami and Special Tenures) Abolition and Maharashtra Land Revenue Code (Amendment) Act, 1969, (Maharashtra) Section 8

Title: Assessment of Lands Held on Inami or Special Tenure Before Appointed Day and Matters Incidental Thereto

State: Maharashtra

Year: 1969

.....thereof, the total income per annum from such plot, the purpose for which the plot is used, the extent to which payment of assessment may effect such use of land and adverse effects, if any, resulting there from and any other relevant factor, the State Government may reduce the assessment payable in respect of the plot; so however that the superior holder may be able to pay such reduced assessment from out of the net income of the plot. NOTES Land revenue does not cover non-agricultural land and not tenable after the amendment of 1975 of Maharashtra Increase in Land Revenue and Special Assessment Act, 1974.- The guarantee of 50 years enacted by the Bombay City (Inami and Special Tenure) Abolition Act could not force the amendment of 1975 of Maharashtra Increase in Land Revenue and Special Assessment Act enacted by a competent Legislature. When provisions of Maharashtra Act are unambiguous and clear it cannot be read down by section 8 of the Bombay City (Inami and Special Tenure) Abolition Act.- Life Insurance Corporation of India v. Deputy Collector and others. 2005 (4) Bom. C.R. 468.

Negotiable Instruments Act, 1881 Section 25

Title: When Day of Maturity is a Holiday

State: Central

Year: 1881

When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument sh all be deemed to be due on the next preceding business day. Explanation.-- The expression "Public holiday" includes Sundays1[* * *] and any other day declared by the2[Central Government], by notification in the Official Gazette, to be a public holiday. ____________________ 1. The words "New-Year's day, Christmas day : if either of such days falls on a Sunday, the next following Monday: Good-Friday;" omitted by Act 37 of 1955, sec. 3 (w .e.f. 1- 4- 1956). 2 . Substituted b y the A.O. 1937 , for "Local Government".

Coal Mines Taking over of Management Act 1973 Section 3

Title: Management of Coal Mines to Vest in the Central Government on the Appointed Day

State: Central

Year: 1973

.....the words "appointed day", wherever they occur, the words, brackets and figures "date of the declaration made by the Central Government under sub-section (2) of section 3" shall be substituted. (3) If any error or omission is notified in the Schedule in relation to the name or address of the owner of a coal mine, the owner of such mine shall, within thirty days from the date on which this Act receives the assent of the President, bring such error or omission to the notice of the Central Government. (4) If, after the appointed day, the Central Government is satisfied, whether from any information received by it or otherwise, that there has been any error, omission or misdescription in relation to the particulars of a coal mine included, or deemed to be included, in the Schedule or the name and address of the owner of any such coal mine, it may, by notified order, correct such error, omission or misdescription, and on the issue of such notified order the relevant entries in the Schedule shall stand corrected accordingly: Provided that no such correction in relation to ownership of a coal mine shall be made where such ownership is in dispute. (5) Every person in charge,.....