Bare Act Search Results

Motor Vehicles Act, 1988 Complete Act

State: Central

Year: 1988

..... (6) "conductor's licence" means the licence issued by a competent authority under Chapter III authorising the person specified therein to act as a conductor; (7) "contract carriage" means a motor vehicle which carries a passenger or passengers for hire or reward and is engaged under a contract, whether expressed or implied, for the use of such vehicle as a whole for the carriage of passengers mentioned therein and entered into by a person with a holder of a permit in relation to such vehicle or any person authorised by him in this behalf on a fixed or an agreed rate or sum- (a) on a time basis, whether or not with reference to any route or distance; or (b) from one point to another, and in either case, without stopping to pick up or set down passengers not included in the contract anywhere during the journey, and includes- (i) a maxicab; and (ii) a motorcab notwithstanding the separate fares are charged for its passengers; (8) "dealer" includes a person who is engaged- (a) 1 [ x x x] (b) in building bodies for attachment to chassis; or (c) in the repair of motor vehicles; or (d) in the business of hypothecation, leasing or hire-purchase of motor vehicle; (9).....

Small Industries Developement Bank of India Act, 1989 Section 38

Title: Rights of Small Industries Bank in Case of Default

State: Central

Year: 1989

.....transfer had been made by the owner of the property. (3) The Small Industries Bank shall have the same rights and powers with respect to goods manufactured or produced wholly or partly from goods forming part of the security held by it as it had with respect to the original goods. (4) Where any action has been taken against an industrial concern in the small-scale sector under the provisions of sub-section (1), all costs, charges and expenses which in the opinion of the Small Industries Bank have been properly incurred by it as incidental thereto shall be recoverable from the industrial concern in the small-scale sector and the money which is received by it shall, in the absence of any contract to the contrary, be held by it in trust to be applied firstly, in payment of such costs, charges and expenses and, secondly, in discharge of the debt due to the Small Industries Bank, and the residue of the money so received shall be paid to the person entitled thereto in accordance with his rights and interests. (5) Where the Small Industries Bank takes over the management or possession of an industrial concern in the small-scale sector under the provisions of sub-section (1), the.....

Small Industries Developement Bank of India Act, 1989 Section 41

Title: Special Provisions for Enforcement of Claims by Small Industries Bank

State: Central

Year: 1989

.....advance under section 40 and such industrial concern fails to make such repayment, then, without prejudice to the provisions of section 38 of this Act and section 69 of the Transfer of Property Act, 1882 (4 of 1882), any officer of that Bank, generally or specially authorised by that Bank in this behalf, may apply to the court for one or more of the following reliefs, namely:-- (a) for an order for the sale of the property assigned, charged, hypothecated, mortgaged or pledged to that Bank as security for the loan or advance; or (b) for enforcing the liability of any surety; or (c) for an ad interim injunction restraining the industrial concern in the small-scale sector from transferring or removing its machinery, plant or equipment from the premises of such industrial concern without the permission of the Small Industries Bank, where such transfer or removal is apprehended. (2) An application under sub-section (1) shall state the nature and extent of the liability of the industrial concern in the small-scale sector to the Small Industries Bank, the ground on which it is made and such other particulars as may be necessary for obtaining the relief prayed for. (3) Where.....

Industrial Disputes Act, 1947 Section 25P

Title: Special Provision as to Restarting Undertakings Closed Down Before Commencement of the Industrial Disputes (Amendment) Act, 1976

State: Central

Year: 1947

.....Notwithstanding anything contained in sub-section (1) the appropriate Government may, either on its own motion or on the application made by the employer and after giving the employer and the workmen an opportunity of being heard, review its order under sub-section (1) or refer the matter to a Tribunal for adjudication: Provided that where a reference has been made to a Tribunal under this subsection, it shall pass an award within a period of sixty days from the date of such reference and, pending such award, the undertaking shall not be closed down." ________________________ 1. Vide Rajasthan Act 8 of 1984, sections 7 and 8 (w.e.f. 14-4-1984). 2. Vide West Bengal Act 33 of 1989, section 6 (w.e.f. 8-12-1989).

Small Industries Developement Bank of India Act, 1989 Section 33

Title: Staff of Small Industries Bank

State: Central

Year: 1989

.....before the expiration of a period of eighteen months from the appointed day, take back such member of the staff and he shall be deemed to have been on deputation to the Small Industries Bank during the period he was a member of the staff of the Small Industries Bank. (3) Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947) or in any other law for the time being in force, the absorption or any member of the staff by the Small Industries Bank in its regular service under this section shall not entitled such employee to any compensation under that Act or other law and no such claim shall be entertained by any court, tribunal or other authority. Explanation.--For the purposes of this section, "appointed day" means the date of establishment of the Small Industries Bank under section 3.

Small Industries Developement Bank of India Act, 1989 Section 47

Title: Arrangement with Small Industries Bank on Appointment of Directors to Prevail

State: Central

Year: 1989

.....valid and effective notwithstanding anything to the contrary contained in the Companies Act, 1956, (1 of 1956) or in any other law for the time being in force or in the memorandum, articles of association or any other instrument relating to that industrial concern, and any provision regarding share qualification, age-limit, number of directorships, removal from office of Directors and such like conditions contained in any such law or instrument aforesaid, shall not apply to any Director appointed by the Small Industries Bank in pursuance of the arrangement as aforesaid. (2) Any Director appointed as aforesaid shall-- (a) hold office during the pleasure of the Small Industries Bank and may be removed or substituted by any person by order in writing of the Small Industries Bank; (b) not incur any obligation or liability by reason only of his being a Director or for anything done or omitted to be done in good faith in the discharge of his duties as a Director or anything in relation thereto; (c) not be liable to retirement by rotation and shall not be taken into account for computing the number of Directors liable to such retirement.

Oil Industry Development Act 1974 Preamble 1

Title: Oil Industry Development Act 1974

State: Central

Year: 1974

Preamble 1 - OIL INDUSTRY DEVELOPMENT ACT 1974 THE OIL INDUSTRY (DEVELOPMENT) ACT, 1974 [Act, No. 47 of 1974] [26th September 1974] PREAMBLE An Act to provide for the establishment of a Board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith. BE it enacted by Parliament in the Twenty-fifth Year of the Republic of India as follows :-- OIL INDUSTRY DEVELOPMENT ACT 1974Preamble 1 - OIL INDUSTRY DEVELOPMENT ACT 1974 THE OIL INDUSTRY (DEVELOPMENT) ACT, 1974 [Act, No. 47 of 1974] [26th September 1974] PREAMBLE An Act to provide for the establishment of a Board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith. BE it enacted by Parliament in the Twenty-fifth Year of the Republic of India as follows :--

Sick Industrial Companies (Special Provisions) Act, 1985 Section 20

Title: Winding Up of Sick Industrial Company

State: Central

Year: 1985

1[(1) Where the Board, after making inquiry under section 16 and after consideration of all the relevant facts and circumstances and after giving an opportunity of being heard to all concerned parties, is of opinion that the sick industrial company is not likely to make its net worth exceed the accumulated losses within a reasonable time while meeting all its financial obligations and that the company as a result thereof is not likely to become viable in future and that it is just and equitable that the company should be wound up, it may record and forward its opinion to the concerned High Court.] (2) The High Court shall, on the basis of the opinion of the Board, order winding up of the sick industrial company and may proceed and cause to proceed with the winding up of the sick industrial company in accordance with the provisions of the Companies Act, 1956 (1 of 1956). (3) For the purpose of winding up of the sick industrial company, the High Court may appoint any officer of the operating agency, if the operating agency gives its consent, as the liquidator of the sick industrial company and the officer so appointed shall for the purposes of the winding up of the sick.....

Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 Section 7B

Title: Composition of Industry Facilitation Council

State: Central

Year: 1993

1[7B. Composition of Industry Facilitation Council (1) The Industry Facilitation Council shall consist of one or more members to be appointed from amongst the following categories:-- (i) Director of Industries by whatever name called or any other officer not below the rank of such Director, of the Stale Government; (ii) representatives of banks and financial institutions; (iii) office bearers or representatives of State Induslry Associations; and (iv) persons having special knowledge in the field of industry, Finance, Law, Trade and Commerce. (2) The person appointed under clause (i) of sub-section (1) shall be the Chairperson of the Industry Faeilitation Council. (3) The composition of the Industry Facilitation Council, the manner of filling vacancies among, and the procedure to be followed in the discharge of their functions by, the members shall be such as may be prescribed by rules by the State Government. ______________________ 1. Inserted by Act 23 of 1998, sec. 6 (w.e.f. 10-8-1998).

Industrial Reconstruction Bank of India Act, 1984 Preamble 1

Title: The Industrial Reconstruction Bank of India Act, 1984

State: Central

Year: 1984

THE INDUSTRIAL RECONSTRUCTION BANK OF INDIA ACT, 1984 [Act, No. 62 of 1984] [11th September, 1984] PREAMBLE An Act to provide for the establishment of the Industrial Reconstruction Bank of India, and for the transfer to, and vesting in, the said Reconstruction Bank, of the undertaking of the Corporation known as the Industrial Reconstruction Corporation of India Limited, with a view to enabling the said Reconstruction Bank to function as the principal credit and reconstruction agency for Industrial revival and to co-ordinate similar work of the other institution engaged therein and to assist and promote industrial development, and to rehabilitate industrial concerns, and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Thirty-fifth Year of the Republic of India as follows:--