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Start Free TrialAluminium 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.:--
View Complete Act List Judgments citing this sectionMaruti 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:--
View Complete Act List Judgments citing this sectionBanking 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
.....Act, 1959, the Deposit Insurance and Credit Guarantee Corporation Act, 1961, the Export-Import Bank of India Act, 1981 and the National Housing Bank Act, 1987. BE it enacted by Parliament in the Fifty-seventh Year of the Republic of India as follows:-- CHAPTER I PRELIMINARY 1. Short title and Commencement.-- (1) This Act may be called the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of this Act and any reference in such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. CHAPTER II AMENDMENTS TO THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 2. Amendment of section 3.-- In section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970(5 of 1970) (hereafter in this Chapter referred to as the Bank Nationalisation Act),-- (a) in sub-section (2B), for clause (c), the following shall.....
View Complete Act List Judgments citing this sectionBanking 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
.....Act, 1959, the Deposit Insurance and Credit Guarantee Corporation Act, 1961, the Export-Import Bank of India Act, 1981 and the National Housing Bank Act, 1987. BE it enacted by Parliament in the Fifty-seventh Year of the Republic of India as follows:-- CHAPTER I PRELIMINARY 1. Short title and Commencement.-- (1) This Act may be called the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of this Act and any reference in such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. CHAPTER II AMENDMENTS TO THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 2. Amendment of section 3.-- In section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970(5 of 1970) (hereafter in this Chapter referred to as the Bank Nationalisation Act),-- (a) in sub-section (2B), for clause (c), the following shall.....
View Complete Act List Judgments citing this sectionTransfer 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.....
List Judgments citing this sectionBanking 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
.....in excess of one per cent. of the total voting rights of all the shareholders holding preference share capital only.". Section 3 - Amendment of section 9 In section 9 of the Bank Nationalisation Act,-- (a) in sub-section (2), after clause (c), the following clause shall be inserted, namely:-- "(ca) the manner in which the excess number of directors shall retire under second proviso to clause (i) of sub-section (3);"; (b) in sub-section (3),-- (i) in clause (a), for the words "not more than two whole-time directors", the words "not more than four whole-time directors" shall be substituted; (ii) for clause (c), the following clause shall be substituted, namely:-- "(c) one director, possessing necessary expertise and experience in matters relating to regulation or supervision of commercial banks, to be nominated by the Central Government on the recommendation of the Reserve Bank;"; (iii) clause (d) shall be omitted; (iv) for clause (i), the following shall be substituted, namely:-- "(i) where the capital issued under clause (c) of sub-section (2B) of section 3 is -- (I) not more than sixteen per cent. of the total paid-up capital, one director; (II) more.....
View Complete Act List Judgments citing this sectionBanking 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
.....in excess of one per cent. of the total voting rights of all the shareholders holding preference share capital only.". Section 9 - Amendment of section 9 In section 9 of the Bank (Second) Nationalisation Act,-- (a) in sub-section (2), after clause (c), the following clause shall be inserted, namely:-- "(ca) the manner in which the excess number of directors shall retire under the second proviso to clause (i) of sub-section (3);"; (b) in sub-section (3),-- (i) in clause (a), for the words "not more than two whole-time directors", the words "not more than four whole-time directors" shall be substituted; (ii) for clause (c), the following clause shall be substituted, namely:-- "(c) one director, possessing necessary expertise arid experience in matters relating to regulation or supervision of commercial banks, to be nominated by the Central Government on the recommendation of the Reserve Bank;"; (iii) clause (d) shall be omitted; (iv) for clause (i), the following shall be substituted, namely:-- "(i) where the capital issued under clause (c) of sub-section (2B) of section 3 is -- (I) not more than sixteen per cent. of the total paid-up capital, one.....
View Complete Act List Judgments citing this sectionBengal 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.....
View Complete Act List Judgments citing this sectionRichardson 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
.....I - PRELIMINARY Section 1 - Short title This Act may be called The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972. Section 2 - Definitions (1) In this Act, unless the context otherwise requires,-- (a) "appointed day" means such date as the Central Government may, by notification, appoint; (b) "Custodian" means the person who is appointed, under section 10, as the Custodian of the old company; (c) "Nationalised Bank" means a corresponding new bank as defined in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970; (d) "new company" means the Government company, formed and registered under the Companies Act, 1956, in pursuance of the provisions of section 9; (e) "notification" means a notification published in the Official Gazette; (f) "old company" means the Richardson and Cruddas Limited, a company formed and registered under the Indian Companies Act, 1913 and having its registered office in the State of West Bengal; (g) "prescribed" means prescribed by rules made under this Act; (h) "scheduled bank" has the meaning assigned to it in the Reserve Bank of India Act, 1934, and includes a National.....
View Complete Act List Judgments citing this sectionBengal 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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