Title : Preliminary
State : Central
Year : 1993
(1) This Act may be called the National Thermal Power Corporation Limited, the National Hydroelectric Power Corporation Limited and the North-Eastern Electic Power Corporation Limited (Acquisition and Transfer of Power Transmission Systems) Act, 1993. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) The provisions of sections 8 to 11 and sections 13 to 16 shall be deemed to have come into force on the 8th day of January, 1993 and the remaining provisions of this Act shall be deemed to have come into force on the 1st day of April, 1992 and any reference to the commencement of this Act in any provision of this Act shall be construed as a reference to the commencement of that provision. Section 2 - Definitions In this Act, unless the context otherwise..... View Complete Act List Judgments citing this sectionTitle : Repeal and Saving
State : Central
Year : 1984
(1) The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Ordinance, 1984, is hereby repealed. (2) Notwithstanding such repeal anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act. View Complete Act List Judgments citing this sectionTitle : Payment of Amounts
State : Central
Year : 1980
For the transfer to, and vesting in, the Central Government under section 3, of the undertakings of the Company and the right, title and interest of the Company in relation to its undertakings, there shall be given by the Central Government to the Company, in cash, and in the manner specified in Chapter VI, an amount of rupees five hundred and two lakhs and four thousand. Section 9 - Payment of further amount (1) For the deprivation of the Company of the management of its undertakings, there shall be given to the Company by the Central Government an amount calculated at the rate of two thousand rupees per month for the period commencing on the date on which the management of the undertakings of the Company was taken over by the person authorised by the Central Government under..... View Complete Act List Judgments citing this sectionTitle : Payment of Amounts
State : Central
Year : 1980
(1) For the transfer to, and vesting in, the Central Government, under section 3, of the undertakings of the Company, and the right, title and interest of the Company in relation to such undertakings, there shall be given be the Central Government to the Company in cash and in the manner specified in Chapter VI, an amount of rupees ten crores and four lakhs. (2) For the (sic)oval of doubts, it is hereby declared that the liabilities of the Company, in relation to its undertakings, shall be met, in accordance with the rights and interests of the creditors of the Company, from the amount due to the Company under sub-section (1). Section 9 - Payment of further amount (1) For the deprivation of the Company of the management of the undertakings owned by it, there shall be given, by the..... View Complete Act List Judgments citing this sectionTitle : Schedule I
State : Central
Year : 1980
SCHEDULE I [See sections 2 (g)] 1. Bisra Stone Lime Company Limited 2. Burrakur Coal Company Limited 3. Birds Trading and Investments Company Limited 4. Eastern Investments Limited 5. Garuda Investments Limited 6. Karanpura Development Company Limited Having Registered (including Funder's Shares) Office at 7. Kinnison Jute Mills Company Limited Chartered Bank 8. Kumardhubi Fireclay and Silica Works Limited Buildings Calcutta 9. Lawrence Investments and Property Company Limited 700001. 10. Ondal Investments Company Limited 11. Orissa Minerals Development Company Limited 12. Sendra Investments..... View Complete Act List Judgments citing this sectionTitle : Transfer To, and Vesting In, the Central Government of the Undertakings of the Jute Companies
State : Central
Year : 1980
On the appointed day, the undertakings of each of the jute companies, and the right, title and interest of each of the jute companies in relation to its undertakings, shall, by virtue of the Act,.stand transferred to, and shall vest in, the Central Government. View Complete Act List Judgments citing this sectionTitle : Jute Companies to Be Liable for Certain Prior Liabilities
State : Central
Year : 1980
(1) Every liability, other than the liability specified in sub-section (2), of a jute company in respect of any period prior to the appointed day, shall be the liability of that company and shall be enforceable against it and not against the Central Government, or, where the undertakings of the jute company vest in the Jute Manufactures Corporation, by or against that Corporation. (2) Any liability arising in respect of loans advanced by the Central Government or any State Government, or both, to a jute company (together with interest due thereon) after the management of its undertakings of the said jute company had been taken over by the Central Government, shall, on and from the appointed day, be the liability of the Central Government and shall be discharged by that Government or,..... View Complete Act List Judgments citing this sectionTitle : Payment of Further Amounts
State : Central
Year : 1980
(1) Every jute company shall be given by the Central Government, for the deprivation of the management of its undertakings, an amount of rupee ten thousand per annum for the period commencing on the date on which management of the undertaking of that company was taken over in pursuance of the orders made by the Central Government under the provisions of the Industries (Development and Regulation) Act, 1951(65 of 1951) and ending on the appointed day. (2) Every amount specified in the First Schedule or calculated in accordance with the provisions of sub-section (1) shall carry simple interest at the rate of four per cent per annum for the period commencing on the appointed day and ending on the date on which payment of such amounts is made by the Central Government to the Commissioner...... View Complete Act List Judgments citing this sectionTitle : Section 13
State : Central
Year : 1980
(1) Where a jute companies has established a provident fund, superannuation, welfare or other fund for the benefit of the persons employed in any of its undertakings, the moneys relatable to its employees whose services have become transferred by or under this Act to the Central Government or the Jute Manufactures Corporation shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuation, funds welfare funds or other fund, stand transferred to , and shall vest in, the Central Government or the Jute Manufactures Corporation, as the case may be. (2) The monies which stand transferred under sub-section (1) to the Central Government or the Jute Manufactures Corporation, as the case may be, shall be dealt with by that Government or Corporation..... View Complete Act List Judgments citing this sectionTitle : Priority of Claims
State : Central
Year : 1980
The claims made under section 17 shall have priorities in accordance with the following principles, namely :-- (a) Category I shall have precedence over all other categories and Category II shall have precedence over Category III, and so on; (b) the claims specified in each of the categories shall rank equally and be paid in full, but, if the amount paid to the Commissioner under the Act is insufficient to meet such claims in full, they shall abate in equal proportions and be paid accordingly; and (c) the question of discharging any liability with regard to a matter specified in a lower category shall arise only if a surplus is left after meeting all the liabilities specified in the immediately higher category. View Complete Act List Judgments citing this section