Title : Members to Be Known as Company Secretaries
State : Central
Year : 1980
Every member of the Institute in practice shall, and any other member may, use the designation of a Company Secretary and no member using such designation shall use any other description, whether in addition thereto or in substitution therefore: PROVIDED that nothing in this section shall be deemed to prohibit any such member from adding any other description or letters to his name if entitled thereto, to indicate membership of such other institute whether in India or elsewhere as may be recognized in this behalf by the Council, or any other qualification that he may possess, or to prohibit a firm, all the partners of which are members of the Institute and in practice, from being known by its firm name as Company Secretaries. View Complete Act List Judgments citing this sectionTitle : Companies Not to Engage in Company Secretaryship
State : Central
Year : 1980
(1) No company, whether incorporated in India or elsewhere, shall practise as Company Secretaries. (2) Any company contravening the provisions of sub-section (1) shall be punishable on first conviction with fine which may extend to one thousand rupees, and on any subsequent conviction with fine which may extend to five thousand rupees. View Complete Act List Judgments citing this sectionTitle : Power of the Central Government to Direct Vesting of the Undertakings of the Two Companies in a Government Company
State : Central
Year : 1976
(1) Notwithstanding anything contained in sections 3 and 4, the Central Government may, if it is satisfied that a Government company is willing to comply, or has complied, with such terms and conditions as that Government may think fit to impose, direct, by notification, that the undertakings of the two companies and the right, title and interest of the two companies in relation to their respective undertakings which have vested in that Government under section 3, and such of the liabilities of the two Companies as are specified in sub-section (2) of section 5, shall, instead of continuing to vest in the Central Government, vest in the Government company either on the date of the notification or on such earlier or later date (not being a date earlier than the appointed day) as may be..... View Complete Act List Judgments citing this sectionTitle : Duty of Persons in Charge of Management of the Undertakings of the Two Companies to Deliver All Assets, Etc.
State : Central
Year : 1976
(1) On the vesting of the management of the undertakings of the two companies in a Government company or on the appointment of a Custodian, all persons in charge of the management of the undertakings of either of the two companies immediately before such vesting or appointment, shall be bound to deliver to the Government company or the Custodian, as the case may be, all assets, books of account, registers or other documents in their custody relating to the undertakings of such company. (2) The Central Government may issue such directions as it may deem desirable in the circumstances of the case to the Government company or the Custodian as to its or his powers and duties and the Government company or Custodian may also, if it or he so desires, apply to the Central Government at any..... View Complete Act List Judgments citing this sectionTitle : Penalties
State : Central
Year : 1976
Any person who, (a) having in his possession, custody or control any property forming part of any undertakings of either of the two companies, wrongfully withholds such property from the Central Government or Government company; or (b) wrongfully obtains possession of, or retains, any property forming part of any undertakings of either of the two companies, or wilfully withholds or fails to furnish to the Central Government or Government company or any person or body of persons specified by that Government or Government company, any document relating to such undertaking which may be in his possession, custody or control, or fails to deliver to the Central Government or Government company or any person or body of persons specified by that Government or Government company, any assets,..... 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 24 - Contracts to cease to have effect unless ratified by the Central Government or Government company Every contract entered into by the Company in relation to the undertaking owned by it, 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 a paid of one hundred and eighty days from the appointed day, cease to have effect unless such contract is, before the..... View Complete Act List Judgments citing this sectionTitle : Penalty for Falsely Claiming to Be a Member, Etc.
State : Central
Year : 1980
Subject to the provisions of section 7, any person who,- (a) Not being a member of the Institute,-- (i) Represent that he is a member of the Institute; or (ii) Uses the designation "Company Secretary"; or (iii) Uses the letters "A. C. S." or "F. C. S." after his name; or (b) being a member of the Institute, but not having a certificate of practice, represents that he is in practice or practices as a Company Secretary, shall be punishable on first conviction with fine which may extend to one thousand rupees, and on any subsequent conviction with imprisonment which may extend to six months, or with fine which may extend to five thousand rupees, or with both. View Complete Act List Judgments citing this sectionTitle : Transfer To, and Vesting In, the Central Government of the Undertakings of the Two Companies
State : Central
Year : 1980
On the appointed day, the undertakings of each of the two companies, and the right, title and interest of each of the two 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 : Owners of the Two 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 each of the two companies in respect of any period prior to the appointed day, shall be the liability of the concerned company and shall be enforceable against it and not against the Central Government, or where the undertakings of the two companies are directed under section 6, to vest in Government company, against the concerned Government company. (2) Any liability arising in respect of materials supplied to either of the two companies after the management of its undertakings had been taken over by the Central Government, shall, on and from the appointed day, be the liability of the Central Government or of the concerned Government company aforesaid, 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) For the deprivation of the two companies of the management of their undertakings, there shall be given by the Central Government to each of the companies in cash, an amount calculated at the rate specified against the name of such company in the Second Schedule for the period commencing on the date on which the management of the undertakings of such 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) The amount specified to in section 7 and the amount 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..... View Complete Act List Judgments citing this section