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 : Payment of Amount
State : Central
Year : 1972
1[(1)] The owner of every coking coal mine or group of coking coal mines specified in the second column of the First Schedule, shall be given by the Central Government, in cash and in the manner specified in section 21, for vesting in it, under section 4, the right, title and interest of the owner in relation to such coking coal mine or group of coking coal mines, an amount equal to the amount specified against it in the corresponding entry in the fifth column of the said Schedule. 1[(2) For the removal of doubts, it is hereby declared that the amount specified in the fifth column of the First Schedule against any coking coal mine or group of coking coal mines specified in the second column of the said Schedule and required to be given by the Central Government to its owner under..... 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 : Direct Taxes
State : Central
Year : 1980
Section 3 - Amendment Of Section 2 In section 2 of the Income-tax Act, in clause (24), after sub-clause (iv), the following sub-clause shall be inserted, namely :- '(iva) the value of any benefit or perquisite, whether convertible into money or not, obtained by any representative assessee mentioned in clause (iii) or clause (iv) of sub-section (1) of section 160 or by any person on whose behalf or for whose benefit any income is receivable by the representative assessee (such person being hereafter in this sub-clause referred to as the "beneficiary") and any sum paid by the representative assessee in respect of any obligation which, but for such payment, would have been payable by the beneficiary;'. Section 4 - Amendment Of Section 10 In section 10 of the Income-tax Act, after..... View Complete Act List Judgments citing this sectionTitle : Provisions Relating to the Employees of the Company
State : Central
Year : 1980
(1) Every person who has been, immediately before the appointed day, employed in any of the undertakings of the Company shall become,- (a) on and from the appointed day, an employee of the Central Government; and (b) where the undertakings of the Company are directed, under sub-section (1) of section 6, to vest in an existing Government company, or are transferred by virtue of the provisions of section 7, to a new Government company, an employee of such Government company on and from the date of such vesting or transfer, and shall hold officer or service under the Central Government or the existing, or new Government company, as the case may be, with the same rights and privileges as to pension, gratuity and other matters as would have been admissible to him if there had been no..... View Complete Act List Judgments citing this sectionTitle : Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980
State : Central
Year : 1980
THE MARUTI LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1980 [Act, No. 64 Of 1980] [27th December, 1980] PREAMBLE An Act to provide for the acquisition and transfer of the undertakings of Maruti Limited with a view to securing the utilisation of the available infrastrucure, 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..... View Complete Act List Judgments citing this sectionTitle : Miscellaneous
State : Central
Year : 1980
The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in any instrument having effect by virtue of any law, other than this Act, or in any decree or order of any Court, tribunal or other authority. Section 26 - Contracts to cease to have effect unless ratified by Central Government or Government company Every contract entered into by the Company in relation to its undertakings, which has vested in the Central Government under section 3, for any service, sale or supply and in force immediately before the appointed day, shall, on and from the expiry of one hundred and eighty days from the appointed day, cease to have effect unless such contract is, before the expiry of that period,..... View Complete Act List Judgments citing this sectionTitle : Schedule
State : Central
Year : 1980
THE SCHEDULE [See sections 19, 20, 21 and 23] ORDER OF PRIORITIES FOR THE DISCHARGE OF LIABILITIES OF THE COMPANY Category I-- (a) Employees' dues on account of unpaid salaries, wages, provident fund, Employees' State Insurance contribution or premium relating to the Life Insurance Corporation of India or any other amounts due to the employees; (b) Revenues, taxes, cesses, rates or other dues to the Central Government, State Government and local authorities or the State Electricity Board. Category II-- Amounts due to the Government of Haryana towards the cost of land. Category III-- Secured loans with interest. Category IV-- (a) Deposits received from the public or from the members of the Company; (b) Deposits towards dealership; (c) Any credit availed of for..... View Complete Act List Judgments citing this sectionTitle : Management, Etc., of Coal Mines
State : Central
Year : 1973
(1) The general superintendence, direction, control and management of the affairs and business of a coal mine, the right, title and interest of an owner in relation to which have vested in the Central Government under section 3, shall,-- (a) in the case of a coal mine in relation to which a direction has been made by the Central Government under sub-section (1) of section 5, vest in the Government company specified in such direction, or (b) in the case of a coal mine 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 so specified or the Custodian so appointed, as the case may be, shall be entitled to exercise all such powers..... View Complete Act List Judgments citing this sectionTitle : Payment of Amounts
State : Central
Year : 1995
The owner of every textile under taking shall be given by the Central Government, in cash and in the manner specified in Chapter VI, for the transfer to, and vesting in it, under sub-section (1) of section 3 of such textile undertaking and the right, title and interest of the owner in relation to such textile undertaking, an amount equal to the amount specified against it in the corresponding entry in columa (4) of the First Schedule. Section 9 - Payment of further amount (1) In consideration of the retrospective operation of the provisions of sections 3, 4 and 5, there shall be given, in cash, by the Central Government, to the owner of every textile undertaking, the management of which was taken over by the Central Government an amount equal to an amount calculated at the rate..... View Complete Act List Judgments citing this section