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Home Bare Acts Phrase: dissolvedIron and Steel Companies Amalgamation Act, 1952 [Repealed] Section 7
Title: Terms of Transfer as Respects Shareholders in the Dissolved Company
State: Central
Year: 1952
.....immediately before the appointed day shall be entitled, on presentation within the prescribed period of the allotment letter and the share certificate in respect of the shares held by him in the dissolved company, to receive in due course share certificates of the Iron and Steel Company in accordance with the provisions of this Act and the rules made thereunder. (6) Any rights specified in sub--section (5) shall, during the period beginning with the appointed day and ending with the day on which the Iron and Steel Company issues fresh share certificates to the shareholders of the dissolved company, be transferable in like manner as the shares in the Iron and Steel Company themselves are transferable, and the transferees of such rights shall be entitled, upon submission of the letter of allotment, the relative share certificate in the dissolved company and the document of transfer to share certificates in the same manner and to the same extent as the transferors would have been entitled.
View Complete Act List Judgments citing this sectionManipur Panchayati Raj Act, 1994 Section 82
Title: Powers of Government to Dissolve and Reconstitute Gram Panchayat and Zilla Parishad in Case of Alteration of Area
State: Central
Year: 1994
.....or Zilla Parishad in respect of civil and criminal proceedings, contracts, agreements and other matters or things arising in and relating to any part of the area subject to the authority of the Gram Panchayat or Zilla Parishad reconstituted or established shall vest in such Gram Panchayat or Zilla Parishad. (10) Any appointment, notification, notice, tax, order, scheme, licence, permission, rule, regulation or form made, issued, imposed or granted by the Cram Panchayat or Zilla Parishad which has been dissolved in respect of any part of the area subject to the authority of the Gram Panchayat or Zilla Parishad which has been reconstituted or established, shall be deemed to have been made, issued, imposed or granted by such Gram Panchayat or Zilla Parishad unless and until it is suspended by any appointment, notification, notice, form, order, scheme, licence, permission, rule and regulation made, issued, imposed or granted by such Gram Panchayat or Zilla Parishad.
View Complete Act List Judgments citing this sectionCost and Works Accountants Act, 1959 Section 31
Title: Transfer of Assets and Liabilities of the Dissolved Company to the Institute
State: Central
Year: 1959
.....existing of that company. (3) All contracts, debts, bonds, agreements and other instruments of whatever nature to which the dissolved company is a party, subsisting or having effect immediately before the commencement of this Act, shall be of as full force and effect against or in favour of the Institute, as the case may be, and may be enforced as fully and effectively as if instead of the dissolved company, the Institute had been a party thereto. (4) If, on the commencement of this Act, any suit, appeal or other legal proceeding of whatever nature by or against the dissolved company is pending, the same shall not abate, be discontinued or be in any way prejudicially affected by reason of the transfer to the Institute of the assets and liabilities of the dissolved company or of anything contained in this Act, but the suit, appeal or other proceeding may be continued, prosecuted and enforced by or against the Institute, in the same manner and to the same extent as it would or may be continued, prosecuted and enforced by or against the dissolved company if this Act had not been passed.
View Complete Act List Judgments citing this sectionCompany Secretaries Act 1980 Section 32
Title: Transfer of Assets and Liabilities of the Dissolved Company to the Institute
State: Central
Year: 1980
.....and the liabilities shall be deemed to include all debts, liabilities and obligations of whatever kind then existing of that company. (3) All contracts, debts, bonds, agreements and other instruments of whatever nature to which the dissolved company is a party, subsisting or having effect immediately before the commencement of this Act, shall be of as full force and effect against or in favor of the Institute, as the case may be, and may be enforced as fully and effectively as if instead of the dissolved company, the Institute had been a party thereto. (4) If, on the commencement of this Act, any suit, appeal or other legal proceeding of whatever nature by or against the dissolved company is pending, the same shall not abate, be discontinued or be in any way pew judicially affected by reason of the transfer to the Institute of the assets and liabilities of the dissolved company or of anything contained in this Act, but the suit, appeal or other proceeding may be continued, prosecuted and enforced by or against the Institute, in the same manner and to the same extent as it would or may be continued, prosecuted and enforced by or against the dissolved company if this Act had.....
View Complete Act List Judgments citing this sectionKarnataka Municipalities Act, 1964 Section 316
Title: Power of Government to Dissolve a Municipal Council in Certain Circumstances
State: Karnataka
Year: 1964
.....the municipal council to show cause why such order should not be made. 3 [Provisos x x x] (2) When the municipal council is 1 [dissolved] by an order under subsection (1) the following consequences shall ensue:-- (i) all the councillors of the municipal council shall, on such date as may be specified in the order vacate their office as such councillors without prejudice to their eligibility for election 1 [under sub-section (3)]; (ii) during the period of 1 [dissolution] of the municipal council, all powers and duties conferred and imposed on the municipal council by or under this Act or any other law shall be exercised and performed by such officer as the Government may from time to time appoint in that behalf; (iii) all property vested in the municipal council shall, until it is reconstituted, vest in the Government. 1 [(3) when a municipal council is dissolved it shall be reconstituted in the manner provided under this Act, before the end of six months from the date of such dissolution: Provided that where the remainder of the period for which the dissolved municipal council would have continued is less than six months, it shall not be necessary to hold any.....
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 24
Title: Transfer of Documents Relating to the Dissolved Company
State: Central
Year: 1978
(1) The Registrar of Companies with whom the dissolved company is registered shall, as soon as may be after the appointed day, transfer all documents relating to the dissolved company to the Registrar to companies, New Delhi. (2) The Registrar of Companies, New Delhi, on receipt of the documents relating to the dissolved company shall add those documents to the file maintained by him in relation tot he steel authority of India, and shall consolidate the files relating to the dissolved company and the steel Authority of India and the documents filed by the dissolved company shall, for the purposes of the companies act, be deemed to a have been filed by the steel authority of India in relation to the business of the undertakings of the dissolved company which had transferred to and vested in the steel authority of India by virtue of section 6.
View Complete Act List Judgments citing this sectionKarnataka Municipal Corporations Act, 1976 Section 99
Title: Power of Government to Dissolve Corporation
State: Karnataka
Year: 1976
.....opportunity shall be given to the corporation to show cause why such order should not be made. (2) When the corporation is 1 [dissolved] by an order under sub-section (1), the following consequences shall ensue,- (a) all the councillors of the corporation shall, on such date as may be specified in the order, cease to hold office as such councillors without prejudice to their eligibility for election under sub-section (8); (b) during the period of 1 [dissolution] of the corporation, all powers and duties conferred and imposed upon the corporation and the standing committees of the corporation by or under this Act or any other law shall be exercised and performed by an Administrator appointed by Government in that behalf; (c) all property vested in the corporation shall, until it is reconstituted, vest in Government. (3) Government may direct that the Administrator shall be a whole-time officer and when such a direction is issued, he shall be paid out of the corporation funds such monthly salary and allowances as Government may from time to time, by order, determine and the corporation shall make such contribution towards the leave allowances, pension and provident.....
View Complete Act List Judgments citing this sectionAgricultural Income-tax Act, 1957 Section 26
Title: Assessment in Case of Discontinued Company, Firm or Association or Dissolved Firm
State: Karnataka
Year: 1957
.....thereof, or on the recipient, as the case may be, a notice containing all or any of the requirements which may be included in a notice under sub-section (2) of section 18 and the provisions of the Act shall, so far as may be, apply accordingly, as if the notice were a notice issued under that sub-section.] (6) Where such an order has not been passed in respect of a company, firm or association hitherto assessed as the business not discontinued or in respect of a firm or 42 association hitherto assessed as not dissolved, such firm or association shall not be deemed to have been dissolved or the business of such company, firm or association shall not be deemed to have been discontinued, for the purpose of this Act. (7) Notwithstanding anything contained in sections 32A, 34, 35, 36, 37 or 55, in cases where before the discontinuance of business or dissolution of the firm or association, hitherto assessed as firm or association or on such company the crop is harvested and disposed of but full payment has not been received for such crop, or the crop is harvested and not disposed of proceedings to assess or reassess the income from such crop or to revise any assessment, or.....
View Complete Act List Judgments citing this sectionIron and Steel Companies Amalgamation Act, 1952 [Repealed] Section 10
Title: Payment of Interim Dividends to Shareholders in the Dissolved Company
State: Central
Year: 1952
If the profits of the dissolved company warrant such a course, the directors of the dissolved company may, at any time before the appointed day, declare the following dividends as being payable-- (a) to the holders of preference shares immediately before the appointed day, a dividend at the rate of five per cent.per annum on the amount paid up without deduction of Indian income--tax payable by the dissolved company for the period commencing on the 1st day of June, 1952, and ending with the 31st day of December, 1952; (b) to the holders of ordinary shares whose names appear on the register of the company on the date of such payment, an interim dividend not exceeding two and half per cent.on the amount paid up or credited as having been fully paid up thereon without deduction of Indian income--tax payable by the dissolved company for the period commencing on the 1st day of January, 1952, and ending with the 31st day of December, 1952.
View Complete Act List Judgments citing this sectionCost and Works Accountants Act, 1959 Section 32
Title: Provisions Respecting Employees of the Dissolved Company
State: Central
Year: 1959
(1) Every person employed in the dissolved company prior to the 1st day of September, 1958, and still in its employment immediately before the commencement of this Act shall, as from such commencement, become an employee of the Institute, shall hold his office or service therein by the same tenure and upon the same terms and conditions and with the same rights and privileges as to pension and gratuity as he would have held the same under the dissolved company if this Act had not been passed, and shall continue to do so unless and until his employment in the Institute is terminated or until his remuneration, terms and conditions of employment are duly altered by the Institute. (2) Notwithstanding anything contained in the Industrial Disputes Act, 1947, or in any other law for the time being in force the transfer of the services of any employee of the dissolved company to the Institute shall not entitle any such employee to any compensation under that Act or other law, and no such claim shall be entertained by any Court, Tribunal or other authority.
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