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Start Free TrialSick Industrial Companies (Special Provisions) Act, 1985 Complete Act
State: Central
Year: 1985
.....or more industrial undertakings; (f) "industrial undertakings" means any undertaking pertaining to a scheduled industry carried on in one or more factories by any company but does not include- (i) an ancillary industrial undertaking as defined in clause (aa) of section 3 of the Industries (Development and Regulation) Act, 1951 (65 of 1951)-; and (ii) a small scale industrial undertaking as defined in clause (j) of the aforesaid section 3-; (g) "Member" means a Member of the Board or, as the case may be, the Appellate Authority and includes the Chairman thereof; 3[(ga) "net worth" means the sum total of the paid-up capital and free reserves. Explanation: For the purposes of this clause, "free reserves" means all reserves credited out of the profits and share premium account but does not include reserves credited out of re-evaluation of assets, write back of depreciation provisions and amalgamation;] (h) "notification" means a notification published in the Official Gazette; 4[(i) "operating agency" means any public financial institution. State level institution, scheduled bank or any other person as may be specified by general or special order as its agency by the Board;] .....
List Judgments citing this sectionThe Punjab Land Improvement Schemes Act, 1963 Complete Act
State: Punjab
Year: 1963
.....and shall fix the date before which the landowner shall carry out the works. (4) If the landowner fails to carry out any of such works to the satisfaction of the Soil Conservation Officer, or expresses his inability to do so in writing, before the date fixed for completion of the works, the Soil Conservation Officer may himself cause the works to be carried out and recover the expense incurred for the purpose with interest thereon from the landowner in such manner as may be prescribed. 15. Power of State Government to carry out schemes-- Notwithstanding anything contained in section 14, the State Government may in the case of any scheme which has come into force section 11, direct that any work under the scheme may, in public interest, be carried out by the State Government and that the cost of such work with interest thereon shall be recovered in whole or in part from the landowners in proportion to the area owned by each landowner which has been included in the scheme. CHAPTER IV Maintenance repair and use of works carried out under Schemes. 16. Preparation of statement. " (1) The Soil Conservation Officer shall on the completion of a works under the scheme, prepare.....
List Judgments citing this sectionSick Industrial Companies (Special Provisions) Act, 1985 Chapter IV
Title: Proceedings in Case of Potentially Sick Industrial Companies, Misfeasance Proceedings, Appeals and Miscellaneous
State: Central
Year: 1985
.....company have resulted in erosion of fifty per cent. or more of its peak net worth during the immediately preceding four financial years, report the fact of such erosion to the Board. (2) If the Board has, upon information received or upon its own knowledge, reason to believe that the accumulated losses of any industrial company have resulted in erosion of fifty per cent. or more of its peak net worth during the immediately preceding four financial years, it may call for such information from the company as it may deem fit. (3) Where the Board is of the opinion that an industrial company referred to in sub-section (1) is not likely to make its net worth exceed its accumulated losses within a reasonable time while meeting all its financial obligations and that the company as a result thereof is not likely to become viable in future, it may require by order an operating agency to inquire into and make a report with respect to such matters as may be specified in the order. (4) After consideration of the report of the operating agency, the Board may publish or cause to be published a notice in such daily newspapers as the Board may consider necessary, for suggestions and.....
View Complete Act List Judgments citing this sectionBrahmaputra Board Act, 1980 Complete Act
State: Central
Year: 1980
.....and hydrological and other related data and such other information as the Board may require for the performance of its functions under this Act. SECTION 16: FORWARDING OF, AND CONSULTATION WITH RESPECT TO PLANS ETC PREPARED BY THE BOARD (1) The Board shall forward copies of the Master Plan, reports, estimates, standards and specifications prepared by it to the Central Government and the State. Governments concerned. (2) The Central Government and the State Government concerned may consult the Board with regard to any matters connected with, or arising out of, such plan reports, estimates or standards and specifications. (3) If, for any reason, a State Government considers it necessary to execute any project for the control of floods and bank erosion and drainage work in the Brahmaputra Valley and such project is not envisaged in the Master Plan or such project is intended to be executed by the State Government in a manner not in conformity with the Master Plan, the State Government may consult the Board with regard to the execution of the project and the Board may make such recommendations as it may deem fit: Provided that nothing contained in this sub-section shall.....
List Judgments citing this sectionThe Brahmaputra Board Act, 1980 Complete Act
State: Assam
Year: 1980
.....of the Board; f) "prescribed" means prescribed by rules made under this Act; g) "regulations" means regulations made by the Board under this Act; h) "rule" means rules made by the Central Government under this Act; i) "State Government", in relation to a Union Territory, means the administrator thereof appointed under article 239 of the Constitution. CHAPTER II ESTABLISHMENT OF THE BOARD Establishment and Incorporation of the Brahmaputra Board 4. (1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint in this behalf, there shall be established for the purposes of this Act a Board, to be called the Brahmaputra Board. (2) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable, and immovable and to contract and shall by the said name sue and be sued. (3) The Board shall consist of the following members, namely: (a) A Chairman and a Vice-Chairman to be appointed by the Central Government; (b) The General Manager of the Board and the Financial.....
List Judgments citing this sectionSick Industrial Companies (Special Provisions) Act, 1985 Section 23
Title: Loss of Fifty Per Cent, Net Worth by Industrial Companies
State: Central
Year: 1985
.....as to such erosion and the causes for such erosion; (c) the company may, by ordinary resolution passed at the meeting held under clause (a) remove a director (being a director appointed by the members of the company) and fill the vacancy created by such removal, so far as may be, in accordance with the procedure provided in sub-sections (2) to (6) of section 284 of the Companies Act, 1956 (1 of 1956). (2) A director removed under sub-section (1) shall not be entitled to any compensation or damages for termination of his appointment as director or of any appointment terminating with that as director. (3) If default is made in complying with the provisions of this section, every director or other officer of the company who is in default shall be punishable with imprisonment which shall not be less than six months but which may extend to two years and with fine. _______________________ 1. Substituted by Act 12 of 1994, sec. 14, for "preceding five financial years" (w.e.f. 1-2-1994).
View Complete Act List Judgments citing this sectionThe Kerala Land Development Act, 1964 [1] Complete Act
State: Kerala
Year: 1964
.....is real, he may revise the statement with a view to rectify such error. Whenever the statement is revised as aforesaid, notice shall be given of the fact of such revision in the prescribed manner. 21. Obligation of owners of lands to maintain and repair of works .-(1) Every person shown in the statement prepared under section 20 as liable to maintain and repair any work shall to the satisfaction of the Collector, maintain and repair the work in his own land and in any other land in respect of which he is shown as liable in the said statement.. (2) If any such person fails to maintain or repair the work, the Collector shall issue notice to him to maintain or repair it within a period to be specified and, on his failure to comply with such direction within the time fixed by the Collector, the Collector shall cause the work to be maintained or repaired and the expenses incurred thereby, shall be recovered from the owner and such other persons, if any, liable to contribute. (3) Any dispute as to the amount to be recovered under sub-section (2) shall be decided by the Collector and his decision shall be final. 22. Notification of areas and control over them -Whenever it appears that.....
List Judgments citing this sectionThe Punjab Land Improvement Scheme Act, 1963 Complete Act
State: Punjab
Year: 1963
.....shall fix the date before which the landowner shall carry out the works. (4) If the landowners fails to carry out any of such works to the satisfaction of the Soil Conservation Officer, or expresses his inability to do so in writing, before the date fixed for completion of the works, the Soil Conservation Officer may himself cause the works to be carried out and recover the ANNEXURE-2 expenses incurred for the purpose with interest thereon from the landowner in such manner as may be prescribed. 15 Power to State Government to carry out schemes- Not withstanding anything contained in section 14, the State Government may, in the case of any under the scheme may, in public interest, be carried out by the State Government and that the cost of such work with interest thereon shall be recovered in whole or in party from the landowners in proportion to he area owned by each landowner which has been included in the scheme. CHAPTER IV Maintenance, repair and use of works carried out under schemes. 16 Preparation of statement.- (1) The Soil Conservation Officer shall on the completion of the works under a scheme, prepare a statement in the prescribed form giving the.....
List Judgments citing this sectionBrahmaputra Board Act 1980 Chapter III
Title: Function and Powers of the Board
State: Central
Year: 1980
.....and hydrological and other related date and such other information as the Board may require for the performance of its functions under this Act. Section 16 - Forwarding of, and consultation with respect to, plans , etc., prepared by the Board (1) The Board shall forward copies of the Master Plan, reports, estimates, standards and specification prepared by it to the Central Government and the State Government concerned. (2) The Central Government and the State Government concerned may consult the Board with regard to any matters connected with, or arising our of, such plan, reports, estimates or standards and specifications. (3) If, for any reason, a State Government considers it necessary to execute any project for the control of floods and bank erosion and drainage work in the Brahmaputra Valley and such project is not envisaged in the Master Plan or such project is intended to be executed by the State Government in a manner not in conformity with regard to the execution of the project and the Board may make such recommendations as it may deem fit: Provided that nothing contained in this sub-section shall be construed as imposing any requirement on any State.....
View Complete Act List Judgments citing this sectionRiver Conservancy Act, 1884 Complete Act
State: Kerala
Year: 1884
.....pay money into Court. Easements Act not affected. Nothing contained in this Act shall be deemed to affect to provisions of the Indian Easements Act (Act V of 1882) GOVERNMENT OF MADRAS LEGAL DEPARTMENT G.O.No. 184, 21 st September, 1942. Acts- the Madras River Conservancy (Amendment) Act 1942- Publication ordered as Madras (Act XXI of 1942) *** Order No. 184, Legal dated. 21st September, 1942. The Madras Rivers Conservancy (Amendment) Act 1942, will be published in the Fort St. George Gazette in English and in the Tamil, Telugu, Malayalam, Kannada and Hindustani Languages as Madras Act. XXI of 1942. (BY ORDER OF HIS EXCELLENCY THE GOVERNOR) To The Superintendent, Government press. The Senior Translator to Government The Education and Public Health Department. The Public Works Department. The Secretary, Madras Legislature. The Private Secretary to His Excellency the Governor. APPENDIX The following Act received the assent of his Excellency the Governor on the 14th September 1842 is hereby published for general information. Act No.XXI o 1942. An Act further to amend the Madras Rivers Conservancy act, 1884. Where as it is expedient.....
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