Bare Act Search Results

Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1986 Chapter VI

Title: Commissioner of Payments

State: Central

Year: 1986

.....S.O. 265(E), dated the 13th April, 1978, issued under clause (a) of sub-section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951. Section 18 - Claims to be made to the Commissioner Every person having a claim against the Company in relation to the textile undertakings with regard to any of the matters specified in the Schedule shall prefer such claim before the Commissioner within thirty days from the specified date : 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. Section 19 - Priorities of claims The claims arising out of 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 of the categories, shall rank equally and be paid in full, but, if the amount is insufficient to meet such claims in full, they shall abate in equal.....

Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1986 Section 21

Title: Admission or Rejection of Claims

State: Central

Year: 1986

.....as evidence; (c) the reception of evidence on affidavit; (d) the issuing of any commission for the examination of witnesses. (6) Any investigation before the Commissioner shall be deemed to be a judicial proceeding within the meaning of sections 192 and 228 of the Indian Penal Code, and the Commissioner shall be deemed to be a civil court for the purposes of section 195 and Chapter XXVI of the Code of Criminal Procedure, 1973. (7) A claimant who is dissatisfied with the decision of the Commissioner, may prefer an appeal against the decision to the principal civil court of original jurisdiction within the local limits of whose jurisdiction the registered office of the Company is situated : Provided that where a person who is a Judge of a High Court is appointed to be the Commissioner, such appeal shall lie to the High Court of Allahabad and such appeal shall be heard and disposed of by not less than two Judges of that High Court.

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

Title: Commissioner of Payments

State: Karnataka

Year: 1986

.....within the meaning of sections 193 and 228 of the Indian Penal Code and the Commissioner shall be deemed to be a Civil Court for the purposes of section 195 and Chapter XXVI of the Code of Criminal Procedure, 1973. (7) A claimant who is dissatisfied with the decision of the Commissioner may prefer an appeal against the decision to the District Court within the local limits of whose jurisdiction the Mills is situated. Section 22 - Disbursement of the amount by the Commissioner to the claimants (1) After admitting a claim under this Act the amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom such amount is due and on such payment the liability of the mills in respect of such claims shall stand discharged. Section 23 - Undisbursed or unclaimed amount to be deposited to the General Revenue Account Any amount paid to the Commissioner which remains undisbursed or unclaimed on the date immediately preceding the date on which the office of the Commissioner is finally wound up, shall be transferred by the Commissioner to the General Revenue Account of the Government, but a claim to any amount so transferred may be preferred.....

Co-operative Textile Mills (Acquisition and Transfer) Act, 1986 Section 21

Title: Admission or Rejection of Claims

State: Karnataka

Year: 1986

.....of the following matters, namely:- (a) summoning and enforcing the attendance of any witness and examining him on oath; (b) the discovery and production of any document; (c) the reception of evidence on affidavits; (d) the issuing of any commission for the examination of witness. (6) Any investigation before the Commissioner shall be deemed to be a judicial proceeding within the meaning of sections 193 and 228 of the Indian Penal Code and the Commissioner shall be deemed to be a Civil Court for the purposes of section 195 and Chapter XXVI of the Code of Criminal Procedure, 1973. (7) A claimant who is dissatisfied with the decision of the Commissioner may prefer an appeal against the decision to the District Court within the local limits of whose jurisdiction the Mills is situated.

Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1986 Complete Act

State: Central

Year: 1986

.....for which the National Textile Corporation would have held such licence or other instrument. (3) Save as otherwise expressly provided in this Act, references in this Act to the National Textile Corporation shall, in respect of any textile undertaking or part thereof which is transferred to a Subsidiary Textile Corporation, be construed as references to the Subsidiary Textile Corporation. SECTION 07: SHARES TO BE ISSUED BY NATIONAL TEXTILE CORPORATION FOR THE VALUE OF ASSETS TRANSFERRED TO IT BY THE CENTRAL GOVERNMENT -An amount equal to the value of the assets of the textile undertakings transferred to, and vested in the National Textile Corporation under sub-section (2) of Section 3-shall be deemed to be the contribution made by the Central Government to the equity capital of the National Textile Corporation; and for the contribution so made, the National Textile Corporation shall issue (if necessary after amending its memorandum and articles of association) to the Central Government paid up shares, in its equity capital having a face value equal to the amount specified in Section 8- CHAPTER 03 PAYMENT OF AMOUNTS SECTION 08: PAYMENT OF AMOUNT -For the transfer.....

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 Madras Race Club (Acquisition and Transfer of Undertaking) Act 1986 Complete Act

State: Tamil Nadu

Year: 1986

THE MADRAS RACE CLUB (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT 1986 THE MADRAS RACE CLUB (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT 1986 ACT NO.26 OF 1986 An Act to provide for the acquisition, for a public purpose, and transfer of the undertaking of the Madras Race Club and for matters connected therewith or incidental thereto. WHEREAS the Madras Race Club, which is a company within the meaning of the Companies Act, 1956 (Central Act 1 of 1956), is engaged in the business of running of horse races at Madras and at Uthagamandalam including the business of inter-venue betting; AND WHEREAS it has been brought to the notice of the Government that the Committee of management of the Madras Race Club is ridden with factions and that the affairs of the said Club are not conducted properly and in particular in the interests of the race going public; AND WHEREAS instances of irregularities and malpractices in the conduct of the horse races have been brought to the notice of the Government: AND WHEREAS it has been brought to the notice of the Government that the book-makers keep huge amounts of bet from records causing substantial loss of revenue to the.....

Dr. Paul Lohmann (India) Limited (Acquisition and Transfer of Undertakings) Act, 1986 Complete Act

State: West Bengal

Year: 1986

.....LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1986 DR. PAUL LOHMANN (INDIA) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1986 30 of 1986 7th August, 1987 An Act to provide for the acquisition and transfer, in the public interest, of the undertakings of the Dr. Paul Lohmann (India) Limited, and for matters connected therewith or incidental thereto. WHEREAS the Dr. Paul Lohmann (India) Limited had been engaged in the manufacture of fine chemicals for drugs and Pharmaceuticals; AND WHEREAS the management of the undertakings of the Dr. Paul Lohmann (India) Limited had been conducted in a manner highly detrimental to the public interest; AND WHEREAS the management of the undertakings of the Dr. Paul Lohmann (India) Limited was taken over by the Central Government under section 18FA of the Industries (Development and Regulation) Act, 1951; AND WHEREAS for the purpose of reconstructing and rehabilitating the undertakings of the Dr. Paul Lohmann (India) Limited so as to subserve the interests of the general public by the augmentation of production and distribution of the aforesaid articles which are essential to the needs of the general public, it is.....

Engel India Machines and Tools Limited (Acquisition and Transfer of Undertakings) Act, 1986 Complete Act

State: West Bengal

Year: 1986

.....LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1986 ENGEL INDIA MACHINES AND TOOLS LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1986 32 of 1986 7th August, 1987 An Act to provide for the acquisition and transfer, in the public interest, of the undertakings of the Engel India Machines and Tools Limited, and for matters connected therewith or incidental thereto. WHEREAS the Engel India Machines and Tools Limited had been engaged in the manufacture of plastic moulding machines, extruders and other machines; AND WHEREAS the management of the undertakings of the Engel India Machines and Tools Limited had been conducted in a manner highly detrimental to the public interest; AND WHEREAS the management of the undertakings of the Engel India Machines and Tools Limited was taken over by the Central Government under section 18FA of the Industries (Development and Regulation) Act, 1951; AND WHEREAS for the purpose of reconstructing and rehabilitating the undertakings of the Engel India Machines and Tools Limited so as to subserve the interests of the general public by the augmentation of production and distribution of the aforesaid articles which are essential to.....