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Aluminium Corporation of India Limited (Acquisition and Transfer of Aluminium Undertaking) Act, 1984 Preamble 1

Title: Aluminium Corporation of India Limited (Acquisition and Transfer of Aluminium Undertaking) Act, 1984

State: Central

Year: 1984

.....sectors; AND WHEREAS such investment is also necessary for securing the continued employment of the workmen employed in the said undertaking; AND WHEREAS it is necessary in the public interest to acquire the said undertaking to enable the Central Government to have such investment made and to ensure that the interests of the general public are served by the continuance of the said undertaking of the production of aluminium and aluminium fabricated products; AND WHEREAS such acquisition is for giving effect to the policy of the State towards securing the principles specified in clause (b) of article 39 of the Constitution; BE it enacted by Parliament in the Thirty-fifth Year of the Republic of India as follows.:--

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Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980 Preamble 1

Title: Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980

State: Central

Year: 1980

.....to modernise the automobile industry, to effect a more economical utilisation of scarce fuel and to ensure higher production of motor vehicles which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto. WHEREAS Maruti Limited had been engaged in the manufacture and production of articles mentioned in the First Schedule to the Industries (Development and Regulation) Act, 1951, namely, automobiles; AND WHEREAS an order has been made for the winding up of the Company and proceedings for its liquidation are pending in the High Court of Punjab and Haryana; AND WHEREAS the undertakings of the Company have not been functioning; AND WHEREAS it is necessary to utilise the production facilities and equipment of the undertakings of the Company so as to increase the production of motor vehicles and generate employment in the interest of the general public; BE it enacted by Parliament in the Thirty-first Year of the Republic of India as follows:--

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Amending Act 1

Title: Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006

State: Central

Year: 1970

.....thereafter until his successor shall have been duly elected" shall be omitted. 15. Amendment of section 21A.-- In section 21A of the State Bank Act, in sub-section (1), the words "and thereafter until his successor has been duly nominated" shall be omitted. CHAPTER V AMENDMENTS TO THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959 16. Amendment of section 26 of Act 38 of 1959.-- In section 26 of the State Bank of India (Subsidiary Banks) Act, 1959,-- (a) in sub-section (2), the words "and thereafter until his successor is duly elected" shall be omitted; (b) in sub-section (2A), for the words "and thereafter until his successor shall have been duly nominated or appointed", the words "and thereafter until his successor shall have been duly appointed" shall be substituted. CHAPTER VI AMENDMENTS TO CERTAIN OTHER ENACTMENTS 17. Amendment of section 6 of Act 47 of 1961.-- In section 6 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, in sub-section (2), in clause (ii), the words "and thereafter until his successor assumes office" shall be omitted. 18. Amendment of section 6 of Act 28 of 1981.-- In section 6 of the Export-Import Bank of.....

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Amending Act 1

Title: Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006

State: Central

Year: 1980

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Transfer of Property Act, 1882 Complete Act

Title: Transfer of Property Act, 1882

State: Central

Year: 1882

.....incidents, rights, liabilities, etc. Section3 - Interpretation-clause Section4 - Enactments relating to contracts to be taken as part of Contract Act and supplemental to the Registration Act. ChapterII - OF TRANSFERS OF PROPERTY BY ACT OF PARTIES Section5 - Transfer of property defined Section6 - What may be transferred Section7 - Persons competent to transfer Section8 - Operation of transfer Section9 - Oral transfer Section10 - Condition restraining alienation Section11 - Restriction repugnant to interest created Section12 - Condition making interest determinable on insolvency or attempted alienation Section13 - Transfer for benefit of unborn person Section14 - Rule against perpetuity Section15 - Transfer to class some of whom come under sections 13 and 14 Section16 - Transfer to take effect on failure of prior interest Section17 - Direction for accumulation Section18 - Transfer in perpetuity for benefit of public Section19 - Vested interest Section20 - When unborn person acquires vested interest on transfer for his benefit Section21 - Contingent interest Section22 - Transfer to members of a class who attain a particular age Section23 - Transfer.....

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Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Chapter II

Title: Amendments to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

State: Central

Year: 2006

.....of the corresponding new bank whose Board of Directors had been superseded, call annual general meeting in accordance with the provisions of this section.". Section 6 - Insertion of new section 10B After section 10A of the Bank Nationalisation Act, the following section shall be inserted, namely:-- '10B. Transfer of unpaid or unclaimed dividend to Unpaid Dividend Account.--(1) Where, after the commencement of the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, a dividend has been declared by a corresponding new bank but has not been paid or claimed within thirty days from the date of declaration, to, or by, any shareholder entitled to the payment of the dividend, the corresponding new bank shall, within seven days from the date of the expiry of such period of thirty days, transfer the total amount of dividend which remains unpaid or unclaimed within the said period of thirty days, to a special account to be called "Unpaid Dividend Account of ... (the name of the corresponding new bank).". Explanation.--In this sub-section, the expression "dividend which remains unpaid" means any dividend the warrant in.....

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Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Chapter III

Title: Amendments to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

State: Central

Year: 2006

.....of the corresponding new bank whose Board of Directors had been superseded, call annual general meeting in accordance with the provisions of this section.". Section 12 - Insertion of new section 10B After section 10A of the Bank (Second) Nationalisation Act, the following section shall be inserted, namely:-- '10B. Transfer of unpaid or unclaimed dividend to Unpaid Dividend Account.--(1) Where, after the commencement of the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, a dividend has been declared by a corresponding new bank but has not been paid or claimed within thirty days from the date of declaration, to, or by, any shareholder entitled to the payment of the dividend, the corresponding new bank shall, within seven days from the date of the expiry of such period of thirty days, transfer the total amount of dividend which remains unpaid or unclaimed within the said period of thirty days, to a special account to be called "Unpaid Dividend Account of ... (the name of the corresponding new bank)". Explanation.--In this sub-section, the expression "dividend which remains unpaid" means any dividend the.....

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Bengal Immunity Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Chapter II

Title: Acquisition and Transfer of the Undertakings of the Company

State: Central

Year: 1984

.....all assets, rights, leaseholds, powers, authorities and privileges, and all property, movable and immovable, including lands, buildings, offices, factories, workshops, stores, instruments, plants, machinery and equipment, installations, laboratories, office furniture, stationery and equipment, vehicles, patents, trade marks, cash balances, cash on hand, reserve funds, investments, book debts and all other rights and interests in, or arising out of, such property as were immediately before the appointed day in the ownership, possession, power or control of the Company, whether within or outside India, and all books of account, registers and all other documents of whatever nature relating thereto. (2) All properties and assets as aforesaid which have vested in the Central Government under section 3 shall, by force of such vesting, be freed and discharged from any trust, obligation, mortgage, charge, lien and all other incumbrances affecting them, and any attachment, injunction, decree or order of any Court, tribunal or other authority restricting the use of such properties or assets in any manner or appointing any receiver in respect of the whole or any part of such properties.....

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Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Part I

Title: Acquisition and Transfer of the Undertaking of Richardson and Cruddas Limitred

State: Central

Year: 1972

..... Section 11 - Custodian to be public servant The Custodian shall be a public servant within the meaning of section 21 of the Indian Penal Code. Section 12 - Vacation of office by directors, etc., of the old company (1) On the appointment of a Custodian, every person holding office; immediately before such appointment, as director or manager of the old company shall, notwithstanding anything contained in any other law for the time being in force or in any decree or order of any Court or Triburial, Vacate such office. (2) The Custodian shall receive the sum referred to in section 8 and shall deal with the said sum for meeting any liability which is incurred by the old company after the appointed day and the balance, if any, left after meeting the said liability, in accordance with the wishes of the members of the old company, expressed in a general meeting convened by the Custodian, and the provisions of the Companies Act, 1956, shall, so far as may be, apply to such meeting. (3) The Custodian may, if the members of the old company so desire, distribute the balance referred to in sub-section (2) amongst such members in accordance with their rights and interests.....

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Bengal Chemical and Pharmaceutical Works Limited (Acquisition and Transfer of Undertakings) Act, 1980 Chapter II

Title: Acquisition and Transfer of the Undertakings of the Company

State: Central

Year: 1980

.....all assets, rights, lease-holds, powers, authorities and privileges, and all property, movable and immovable, including lands, buildings, offices, factories, workshops, stores, instruments, plants, machinery and equipment, installations, laboratories, office furniture, stationary and equipment, vehicles, patents, trade marks, cash balances, cash on hand, reserve funds, investments, book debts and all other rights and interests in, or arising out of such property as were immediately before the appointed day in the ownership, possession, power or control of the Company, whether within or outside India, and all books of account, registers and all other documents of whatever nature relating thereto. (2) All properties and assets as aforesaid which have vested in the Central Government under section 3 shall, by force of such vesting, be freed and discharged from any trust, obligation, mortgage, charge, lien and all other incumbrances affecting them, and any attachment, injunction, decree or order of any court or other authority restricting the use of such properties or assets in any manner or appointing any receiver in respect of the whole or any part of such properties or assets.....

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