Title : Interest on Admitted Claims
State : Central
Year : 1972
1[24A. Interest on admitted claims.-- Notwithstanding any award, decree or order of any court, tribunal or other authority, passed before the appointed day, in relation to any coking coal mine or coke oven plant, where any amount is payable in respect of a claim admitted under this Act, the interest payable on such amount for any period after the appointed day shall be at such rate not exceeding the rate of interest accruing on any amount deposited by the Commissioner under section 21.] ________________________ 1. Inserted and deemed to have been inserted w.r.e.f. 1-5-72 by the Coal Mines Nationalisation Laws (Amdt.) Act (22 of 1978), S. 7. View Complete Act List Judgments citing this sectionTitle : Recovery of Excess Payments Made by Central Government or Custodian
State : Central
Year : 1972
1[25. Recovery of excess payments made by Central Government or Custodian.-- Any amount in excess of payments over receipts in the statement of accounts prepared under section 22 shall be deemed to be an amount advanced by the Central Government or the Custodian, as the case may be, for the management of a coking coal mine or a coke oven plant during the period in which the management of such mine of plant remained vested in the Central Government and the Central Government may make a claim to the Commissioner for such excess payment and such claim shall have priority over the claims of all other unsecured creditors of the coking coal mine or coke oven plant. Explanation.-- In this section, "Custodian" means the Custodian appointed under the Coking Coal Mines (Emergency Provisions)..... View Complete Act List Judgments citing this sectionTitle : Insurance Laws (Transfer of Business and Emergency Provisions) Repeal Act, 2001
State : Central
Year : 1971
THE INSURANCE LAWS (TRANSFER OF BUSINESS AND EMERGENCY PROVISION) REPEAL ACT, 2001 [Act, No. 11 of 2001] [9th May, 2001] PREAMBLE An Act to repeal the Allianz Und Stuttgarter Life Insurance Bank (Transfer) Act, 1950, the Life Insurance (Emergency Provisions) Act, 1956 and the General Insurance (Emergency Provisions) Act, 1971. be it enacted by Parliament in the Fifty-second Year of the Republic of India as follows: -- 1. Short title This Act may be called the Insurance Laws (Transfer of Business and Emergency Provisions) Repeal Act, 2001. 2. Repeal of Act 62 of 1950 The Allianz Und Stuttgarter Life Insurance Bank (Transfer) Act, 1950 is hereby repealed. 3. Repeal of Act 9 of 1956 The Life Insurance (Emergency Provisions) Act, 1956 is hereby repealed. 4. Repeal of..... View Complete Act List Judgments citing this sectionTitle : General Insurance (Emergency Provisions) Act, 1971 [Repealed]
State : Central
Year : 1971
Preamble1 - GENERAL INSURANCE (EMERGENCY PROVISIONS) ACT, 1971 Section1 - Short title and commencement Section2 - Definitions Section3 - Management of undertakings to vest in Government on commencement of this Act Section4 - Power of Central Government to appoint Custodian to take over the management of the undertaking of the insurer Section4A - Application of Act 1 of 1956 Section4B - Custodian or other person to be in charge of the management of the undertaking of the insurer Section5 - Power of Custodian to institute proceedings, etc. Section6 - Payment of compensation Section7 - Compensation how to be paid Section8 - Penalties Section9 - Insurer not to be wound up by Court Section10 - Exclusion of time of Act for computing period of limitation Section11 - Effect of Act on..... List Judgments citing this sectionTitle : Declaration as to the Policy of the State
State : Central
Year : 1972
It is hereby declared that this Act is for giving effect to the policy of the State towards securing the principles specified in clause (b) of article 39 of the Constitution. Explanation.-- In this section, "State" has the same meaning as in article 12 of the Constitution. View Complete Act List Judgments citing this sectionTitle : Power of Central Government to Direct Vesting Rights in a Government Company
State : Central
Year : 1972
(1) Notwithstanding anything contained in sections 4 to 6 (both inclusive), the Central Government may, if it is satisfied that a Government company is willing to comply, or has complied with such terms and conditions as that Government may think fit to impose, direct, by an order in writing, that the right, title and interest of an owner in relation to a coking coal mine or coke oven plant referred to, respectively, in section 4 or section 5 shall, instead of continuing to vest in the Central Government, vest in the Government company either on the date of publication of the direction or on such earlier or later date (not being a date earlier than the appointed day), as may be specified in the direction. (2) Where the right, title and interest of an owner in relation to a coking coal..... View Complete Act List Judgments citing this sectionTitle : Properties Vesting in Central Government to Be Freed from Mortgages, Etc
State : Central
Year : 1972
(1) All property which vests in the Central Government or in a Government company under this Cahpter shall, by force of such vesting, be freed and discharged from any trust, obligation, mortgage, charge, Hen and all other incumbrances affecting it and any attachment, injunction or decree or order of any Court restricting the use of such property in any manner shall be deemed to have been withdrawn. (2) Every mortgagee of any property which has vested under this Act in the Central Government or,in a Government company, and every person holding any charge, lien or other interest in or in relation to any such property shall give, within such time and in such manner as may be prescribed, an intimation to the Commissioner of such mortgage, charge lien or other interest. (3) For the..... View Complete Act List Judgments citing this sectionTitle : Management, Etc., of Coking Coal Mines and Coke Oven Plants
State : Central
Year : 1972
(1) The general superintendence, direction, control and management of the affairs and business of a coking coal mine or coke oven plant, the right, title and interest of an owner in relation to which have vested in the Central Government under section 4 or section 5, as the case may be, shall-- (a) in the case of a coking coal mine or coke oven plant, in relation to which a direction has been made by the Central Government under sub-section (1) of section 7, vest in the Government company specified in such direction, or (b) in the case of a coking coal mine or coke oven plant, in relation to which no such direction has been made by the Central Government vest in one or more Custodians appointed by the Central Government, under sub-section (2), and thereupon the Government company..... View Complete Act List Judgments citing this sectionTitle : Provident Fund
State : Central
Year : 1972
(1) Where a coking coal mine or coke oven plant has established a provident fund for the benefit of its employees, the monies relatable to the employees, whose services have become transferred, by or under this Act, to the Central Government or a Government company, shall, out of the monies standing, on the appointed day, to the credit of such provident fund, stand transferred to, and vest in, the Central Government or the Government company, as the case may be. (2) The monies which stand transferred under sub-section (1), to the Central Government or a Government company shall be dealt with by that Government or company, as the case may be, in such manner as may be prescribed. View Complete Act List Judgments citing this sectionTitle : Validation of Certain Collections
State : Central
Year : 1972
1[22A. Validation of Certain collection.-- (1) Notwithstanding anything contained in section 3, as amended by section 2 of the Coal Mines Nationalisation Laws (Amendment) Act, 1978, any money collected by the Central Government or the Government company during the period commencing on the appointed day and ending with the date specified under sub-section (3) of section 22 shall be deemed to have been validly collected by the Central Government or the Government company, as the case may be, and any such money shall be applied in accordance with the provisions of section 22. (2) Any money collected as aforesaid shall not be called in question in any court of law.] ________________________ 1. Inserted by the Coal Mines Nationalisation Laws (Amdt.) Act (22 of 1978), S. 4 (27-5-1978). ..... View Complete Act List Judgments citing this section