Title : Appeals
State : Central
Year : 1980
1[***] _____________________________ 1.Omitted by the Company Secretaries (Amendment) Act, 2006. Prior to omission, it read as under: "SECTION30- Appeal (1) Any member of the Institute aggrieved by any order of the Council imposing on him any of the penalties referred to in clause (a) or clause (b) of sub-section (4) ofsection 21, may, within thirty days of the date on which the order is communicated to him, prefer an appeal to the High Court: PROVIDED that the High Court may entertain any such appeal after the expiry of the said period of thirty days, if it is satisfied that the member was prevented by sufficient cause from filing the appeal in time. (2) The High Court may, on its own motion or otherwise, after calling for the records of any case, revise any order made by..... View Complete Act List Judgments citing this sectionTitle : Acquisition 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. Section 4 - General effect of vesting (1) The undertakings of each of the two companies referred to in section 3 shall be deemed to include all assets, rights, lease-holds, powers, authorities and privileges, and all property, movable and immovable, including lands, buildings, workshops, stores, instruments, machinery and equipment, cash balances, cash on hand, cheques, demand drafts, reserve funs, investments, book debts, and all other rights and interest in, or arising out of such, property as were immediately before the..... View Complete Act List Judgments citing this sectionTitle : Commissioner of Payments
State : Central
Year : 1980
(1) The Central Government shall, for the purpose of disbursing the amounts payable under sections 8 and 9 to each of the two companies, by notification, appoint a Commissioner of Payments. (2) The Central Government may appoint such other persons as it may think fit to assist the Commissioner and thereupon the Commissioner may authorise one or more of such persons also to exercise all or any of the powers exercisable by him under this Act and different persons may be authorised to exercise different powers. (3) Any person authorised by the Commissioner to exercise any of the powers exercisable by the Commissioner may exercise those powers in the same manner and with the same effect as if they have been conferred on that person directly by this Act and not by way of authorisation. ..... View Complete Act List Judgments citing this sectionTitle : First Schedule
State : Central
Year : 1980
THE FIRST SCHEDULE [See sections 4(4), 7, 8(3) and 16(1) (a) ] Sl. No Name of the Company Amount (Rupees in lakhs ) 1. Hind Cycles Limited 241.47 2. Sen-Raleigh Limited 708.00 3. Sen and Pandit Industries Limited 23.96 4. Ancillary Industries (Lugs) Private Limited 1.31 5. Ancillary Industries (Forgings) Private Limited 1.44 6. Ancillary Industries (Cranks) Private Limited 2.33 7. Naokhali Machine Tools Limited 2.87 View Complete Act List Judgments citing this sectionTitle : Acquisition of the Undertakings of the Two Companies
State : Central
Year : 1976
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 such undertakings, shall stand transferred to, and shall vest absolutely in, the Central Government. Section 4 - General effect of vesting (1) The undertakings of each of the two companies referred to in section 3 shall be deemed to include all assets, rights, lease-holds, powers, authorities and privileges and all property, movable and immovable, including lands, buildings, workshops, stores, instruments, machinery and equipment, cash balances, cash on hand, reserve funds, investments and 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,..... View Complete Act List Judgments citing this sectionTitle : Miscellaneous
State : Central
Year : 1976
(1) Where any liability of either of the two companies arising out of any item specified in Category I of the Second Schedule is not discharged fully by the Commissioner out of the amounts paid to him under this Act, the Commissioner shall intimate in writing to the Central Government the extent of the liability which remains undischarged, and to that extent the liability shall be assumed by the Central Government. (2) The Central Government may, by order, direct that Government company to take over any liability assumed by that Government under sub-section (1) and on receipt of such direction, it shall be the duty of the Government company to discharge such liability. Section 25 - Act to have overriding effect The provisions of this Act shall have effect notwithstanding anything..... View Complete Act List Judgments citing this sectionTitle : Burn Company and Indian Standard Wagon Company (Nationalisation) Act, 1976
State : Central
Year : 1976
Preamble1 - THE BURN COMPANY AND INDIAN STANDARD WAGON COMPANY (NATIONALISATION) ACT, 1976 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Transfer and vesting in Central Government of the undertakings of the two companies Section4 - General effect of vesting Section5 - Owners of the two companies to be liable for certain prior liabilities Section6 - Power of the Central Government to direct vesting of the undertakings of the two companies in a Government company Chapter III Section7 - Payment of amount Section8 - Payment of further amount Chapter IV Section9 - Management ,etc., undertakings of the two companies Section10 - Duty of persons in charge of management of the undertakings of the two companies to deliver all assets, etc. ..... List Judgments citing this sectionState : Central
Year : 1976
BURN COMPANY AND INDIAN STANDARD WAGON COMPANY (NATIONALISATION) ACT, 1976 BURN COMPANY AND INDIAN STANDARD WAGON COMPANY (NATIONALISATION) ACT, 1976 97 of 1976 5th September,1976 The Burn and Company Limited and the Indian Standard Wagon Company Limited are inter-linked, both financially and production-wise. These two Companies were engaged in the production of goods which are vital to the needs of the economy of the country, such as, railway wagons and components thereof, steel structural, iron casting*, forgings and the like and also other goods needed by the iron and steel industry. 2. Both the Companies were functioning reasonably well till 1966-67, after which, due to mismanagement, there was a steady decline in the production of the Companies. Towards the middle of..... List Judgments citing this sectionTitle : Penalties
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. Section 25 - Penalty for using name of the Council, or awarding degree of Company Secretary (1) Save as otherwise..... View Complete Act List Judgments citing this sectionTitle : Institute of Company Secretaries of India
State : Central
Year : 1980
(1) All persons whose names are entered in the Register of the dissolved company immediately before the commencement of this Act and all persons who may hereafter have their names entered in the Register to be maintained under this Act, so long as they continue to have their names borne on the Register to be maintained under this Act, are hereby constituted a body corporate by the name of the Institute of Company Secretaries of India and all such persons shall be known as members of the Institute. (2) The Institute shall have perpetual succession and a common seal and shall have power to acquire, hold and dispose of property, movable or immovable and shall by its name sue or be sued. Section 4 - Entry of names in the Register (1) Any of the following persons shall be entitled to..... View Complete Act List Judgments citing this section