Bare Act Search Results

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Complete Act

Title: Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed]

State: Central

Year: 1979

Preamble1 - PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) ACT, 1979 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Management of the undertakings of the two companies to vest in Central Government Section4 - Appointment of Custodian to take over management of the undertakings of the two companies Section5 - Payment of amount Chapter III Section6 - Application of Act 1 of 1956 Section7 - Penalties Section8 - Offences by companies Section9 - Exclusion of period of operation of Act Section10 - Act to have over-riding effect Section11 - Protection of action taken in good faith Section12 - Contracts in bad faith, etc., to be terminated or modified Section13 - Avoidance of transfer or surrender after 29th December, 1977 Section14 - Power to terminate contract of employment Section15 - Power to remove difficulties Section16 - Power to make rules Repealing Act1 - PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) REPEAL ACT, 2005

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Repealing Act 1

Title: Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005

State: Central

Year: 1979

.....MANAGEMENT) REPEAL ACT, 2005 THE PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) REPEAL ACT, 2005 [Act, No.14 of 2005] [31st March, 2005] PREAMBLE An Act to repeal the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979. BE it enacted by Parliament in the Fifty-fifth Year of the Republic of India as follows:-- 1. Short Title This Act may be called the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Repeal Act, 2005. 2. Repeal and Saving (1) The Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979 is hereby repealed.; (2) On the repeal of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979, the management of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited shall be vested and deemed to have been vested in the respective board of directors of the said Companies to be appointed after such repeal and possession of the.....

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Preamble 1

Title: Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979

State: Central

Year: 1979

THE PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) ACT, 1979 [Act, No. 29 of 1979] [26th May, 1979] PREAMBLE An Act to provide for the taking over, in the public interest, of the management of the undertakings of the Parel Investments and Trading Private Limited and the Domestic Gas Private Limited, pending acquisition of those undertakings, with a view to maintaining a service essential to the life of the community, namely, the bottling, transporting, marketing and distribution of liquefied petroleum gas, and for matters connected therewith or incidental thereto. WHEREAS the undertakings in India of Caltex (India) Limited, a foreign company, had vested in Caltex Oil Refining (India) Limited, a Government company within the meaning of the Companies Act, 1956 (1 of 1956), under the Caltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited] Act, 1977 (17 of 1977); AND WHEREAS the agreement dated the 23rd November, 1970 entered into by Caltex (India) Limited with the East Coast Gas Company, a partnership firm which has since been taken over.....

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Chapter III

Title: Miscellaneous

State: Central

Year: 1979

.....MANAGEMENT) REPEAL ACT, 2005 THE PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) REPEAL ACT, 2005 [Act, No.14 of 2005] [31st March, 2005] PREAMBLE An Act to repeal the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979. BE it enacted by Parliament in the Fifty-fifth Year of the Republic of India as follows:-- 1. Short Title This Act may be called the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Repeal Act, 2005. 2. Repeal and Saving (1) The Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979 is hereby repealed.; (2) On the repeal of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979, the management of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited shall be vested and deemed to have been vested in the respective board of directors of the said Companies to be appointed after such repeal and possession of the.....

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 Complete Act

State: Central

Year: 1979

.....employee of the Custodian for any damage caused or likely to be caused by anything which is in good faith done or intended to be done under this Act. SECTION 12: CONTRACTS IN BAD FAITH, ETC., TO BE TERMINATED OR MODIFIED - If the Central Government is satisfied, after such inquiry as it may think fit, that any contract or agreement entered into at any time within twenty-four months immediately preceding the appointed day, between either of the two companies and any other person, in so far as such contract or agreement relates to the undertaking of either of the two companies, has been entered into in bad faith or is detrimental to the interest of the undertaking of the concerned company, it may make an order terminating or modifying (either unconditionally or subject to such conditions as it may think fit to impose) and thereafter the contract or agreement shall have effect accordingly : Provided that no contract or agreement shall be terminated or modified by the Central Government except after giving to the parties to the contract or agreement a reasonable opportunity of being heard and except after recording in writing its reasons for such termination or modification. .....

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Chapter I

Title: Preliminary

State: Central

Year: 1979

.....requires,-- (a) "appointed day" means the date on which this Act comes into force; (b) "Custodian" means the Government company appointed under section 4 to take over the management of the undertaking of each of the two companies; (c) "Government company" has the meaning assigned to it by section 617 of the Companies Act, 1956(1 of 1956); (d) "liquefied petroleum gas" has the same meaning as in sub-item (2) of item No.11A of the First Schedule to the Central Excises and Salt Act, 1944 (1 of 1944); (e) "notification" means a notification published in the Official Gazette; (f) "the two companies" means--- (i) Parel Investments and Trading Private Limited, a company within the meaning of the Companies Act, 1956 (1 of 1956), having its registered office at 53/57, Lakshmi Insurance Buildings, Sir Phirozshah Mehta Road, Bombay-1; (ii) Domestic Gas Private Limited, a company within the meaning of the Companies Act, 1956 (1 of 1956), having its registered office at 3464, Rashtrapathi Road, Secunderabad.

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Section 1

Title: Short Title and Commencement

State: Central

Year: 1979

(1) This Act may be called the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979. (2) It shall come into force at once.

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Section 2

Title: Definitions

State: Central

Year: 1979

In this Act, unless the context otherwise requires,-- (a) "appointed day" means the date on which this Act comes into force; (b) "Custodian" means the Government company appointed under section 4 to take over the management of the undertaking of each of the two companies; (c) "Government company" has the meaning assigned to it by section 617 of the Companies Act, 1956(1 of 1956); (d) "liquefied petroleum gas" has the same meaning as in sub-item (2) of item No.11A of the First Schedule to the Central Excises and Salt Act, 1944 (1 of 1944); (e) "notification" means a notification published in the Official Gazette; (f) "the two companies" means--- (i) Parel Investments and Trading Private Limited, a company within the meaning of the Companies Act, 1956 (1 of 1956), having its registered office at 53/57, Lakshmi Insurance Buildings, Sir Phirozshah Mehta Road, Bombay-1; (ii) Domestic Gas Private Limited, a company within the meaning of the Companies Act, 1956 (1 of 1956), having its registered office at 3464, Rashtrapathi Road, Secunderabad.

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Chapter II

Title: Taking over of Management of the Undertakings of the Two Companies

State: Central

Year: 1979

.....two companies (including the power to dispose of any properties or assets of the two companies) whether such powers are derived from the Companies Act, 1956, or from the memorandum and articles of association of either of the two companies or from any other source. (4) Any person having possession, custody or control of any property forming part of the undertaking of either of the two companies, shall, on demand, deliver forthwith such property to the Custodian or to any such person as may be authorised by the Custodian or the Central Government in this behalf. (5) If any person fails or refuses to comply with any demand made under sub-section (4) for the delivery of any property, the Custodian or any person authorised under the said sub-section may take possession of that property and may, for that purpose, use such reasonable force as may be necessary. (6) Any person who, on the appointed day, has in his possession or under his control any books, papers or other documents relating to the undertaking of either of the two companies, including the minutes books containing the resolutions of the persons in charge of the management thereof before the appointed day, the.....

Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Section 5

Title: Payment of Amount

State: Central

Year: 1979

(1) Each of the two companies shall be given by the Central Government an amount, in cash, for vesting in it, under section 3, of the management of the undertaking thereof. (2) For every; month during which the management so vests in the Central Government, the amount referred to in sub-section (1) shall be a sum of rupees seven hundred and fifty in the case of the Parel Investments and Trading Private Limited and rupees two hundred and fifty in the case of the Domestic Gas Private Limited.