Title : Acquisition of the Rights of Owners of Coking Coal Mines and Coke Oven Plants
State : Central
Year : 1972
(1) On the appointed day, the right, title and interest of the owners in relation to the coking coal mines specified in the First Schedule shall stand transferred to, and shall vest absolutely, in the Central Government, free from all incumbrances. 1[(2) * * *] 2[(3) 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 coking coal mine included in the First Schedule or the name and address of the owner of any such coking coal mine, it may, by notification, correct such error, omission or misdescription, and on the issue of such notification the relevant entries in the First Schedule shall be, and shall be deemed always to..... View Complete Act List Judgments citing this sectionTitle : Coking Coal Mines (Nationalisation) Act, 1972
State : Central
Year : 1972
Preamble1 - COKING COAL MINES (NATIONALISATION) ACT, 1972 Chapter I Section1 - Short title and commencement Section2 - Declaration as to the policy of the State Section3 - Definitions Chapter II Section4 - Acquisition of right in coking coal mines Section5 - Acquisition of rights of owners of coke oven plants Section6 - Central Government to be the lessee of the State Government Section7 - Power of Central Government to direct vesting rights in a Government company Section8 - Properties vesting in Central Government to be freed from mortgages, etc Section9 - Central Government not to be liable for prior liabilities Chapter III Section10 - Payment of amount to owners of coking coal mines Section11 - Payment of amount to owners of coke oven plants Section12 - Payment of further..... List Judgments citing this sectionTitle : Acquisition of Right in Coking Coal Mines
State : Central
Year : 1972
(1) On the appointed day, the right, title and interest of the owners in relation to the coking coal mines specified in the First Schedule shall stand transferred to, and shall vest absolutely, in the Central Government, free from all incumbrances. 1[(2) * * *] 2[(3) 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 coking coal mine included in the First Schedule or the name and address of the owner of any such coking coal mine, it may, by notification, correct such error, omission or misdescription, and on the issue of such notification the relevant entries in the First Schedule shall be, and shall be deemed always to..... View Complete Act List Judgments citing this sectionTitle : Duty of Persons in Charge of Management of Coking Coal Mines or Coke Oven Plants to Deliver All Assets, Etc
State : Central
Year : 1972
(1) On the vesting of the management of a coking coal mine or coke oven plant in a Government company or on the appointment of a Custodian, all persons in charge of the management of such coking coal mine or coke oven plant immediately before such vesting or appointment, shall be bound to deliver to the Government company or Custodian, as the case may be, all assets, books of account, registers or other documents in their custody relating to the coking coal mine or coke oven plant, and any contract, whether express or implied, providing for the management of the coking coal mine or coke oven plant made before the appionted day between such persons and the owners of such coking coal mine or coke oven plant, shall be deemed to have terminated on the date on which the management of the..... View Complete Act List Judgments citing this sectionTitle : Accounts and Audit
State : Central
Year : 1972
The Custodian of every coking coal mine or coke oven plant shall maintain the accounts of such mine or plant in such manner and under such conditions as may be prescribed. View Complete Act List Judgments citing this sectionTitle : Superannuation, Welfare and Other Funds
State : Central
Year : 1972
Where a superannuation, welfare or other fund has been established for the benefit of the employees whose services stand transferred to the Central Government or a Government company, the coking coal mine or coke oven plant, by which such employees were employed, shall distribute the amount due to each such employee as if the employee had superannuated, or his services with the coking coal mine or coke oven plant had terminated, on the day immediately preceding the specified date. View Complete Act List Judgments citing this sectionTitle : Disbursement of Money by the Commissioner
State : Central
Year : 1972
Where the total amount of the claim admitted by the Commissioner does not exceed the total amount of the money credited to the account of a coking coal mine or coke oven plant, every such admitted claim shall rank equally among themselves and be paid in full, and the balance, if any, shall be paid to the owner, but where such amount is insufficient to meet in full the total amount of the admitted claims, every such claim shall abate in equal proportions and be paid accordingly. View Complete Act List Judgments citing this sectionTitle : Undisbursed or Unclaimed Amounts to Be Deposited to the General Revenue Account
State : Central
Year : 1972
Any money paid to the Commissioner1[which remains undisbursed or unclaimed for a period of three years from the day on which the last order for disbursement was made] shall be transferred by the Commissioner to the general revenue account of the Central Government; but a claim to any money so transferred may be preferrd to the Central Government by the person entitled to such payment and shall be dealt with as if such transfer had not been made, the order, if any, for payment of the claim being treated as an order for the refund of revenue. ________________________ 1. Substituted and deemed to have been substituted w.r.e.f. 29-3-1976 for the words "which remains undisbursed or unclaimed after such payment for a period of three years" by the Coal Mines Nationalisation Laws (Amdt.)..... View Complete Act List Judgments citing this sectionTitle : Contracts Cease to Have Effect Unless Ratified by the Central Government
State : Central
Year : 1972
(1) Every contract entered into by the owner or occupier of any coking coal mine or coke oven plant for any service, sale or supply before the appointed day shall, on and from the expiry of one hundred and twenty days from the date of assent cease to have effect unless such contract is, before the expiry of that period, ratified, in writing, by the Central Government and in ratifying such contract the Central Government may make such alterations or modifications therein as it may think fit: Provided that the Central Government shall not omit to ratify a contract unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interests of the coking coal mine or coke oven plant. (2) The Central Government shall not omit to..... View Complete Act List Judgments citing this sectionTitle : Central Government to Be the Lessee of the State Government
State : Central
Year : 1972
(1) Where the rights of an owner under any mining lease granted, or deemed to have been granted, in relation to a coking coal mine, by a State Government or any other person, vest in the Central Government under section 4, the Central Government shall, on and from the date of such vesting, be deemed to have become the lessee of the State Government or such other person, as the case may be, in relation to such coking coal mine1[as if a fresh mining lease] in relation to such coking coal mine had been granted to the Central Government under the Mineral Concession Rules, the period of such lease2[shall be the maximum period] for which such lease could have been granted by the State Government or such other person under those Rules and, thereupon, all the rights under such mining lease,..... View Complete Act List Judgments citing this section