Title : Provisions Relating to Employees of the Two Companies
State : Central
Year : 1980
(1) Every person who has been, immediately before the appointed day, employed in any undertaking of any of the companies shall become,-- (a) on and from the appointed day, an employee of the Central Government,.and (b) Where the undertakings of the jute companies are vested in the Jute Manufactures Corporation, an employee of the said Corporation, on and from the date of such vesting, and shall hold office or service under the Central Government or the existing, or the Jute Manufactures Corporation as the case may be with the same right and privileges as to pension, gratuity and other matters, admissible to him if there had been no such vesting and shall continue to do so unless and until his employment under the Central Government or the Jute Manufacture Corporation, as the case..... 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 7 and 8 to the jute 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. (4)..... View Complete Act List Judgments citing this sectionTitle : Certain Powers of Central Government or Existing, or New, the Jute Manufactures Corporation
State : Central
Year : 1980
(1) The Central Government or the Jute Manufactures Corporation, as the case may be, shall be entitled to receive up to the specified date, to the exclusion of all other persons, any money due to the jute companies in relation to its undertakings which have vested in the Central Government or the Jute Manufactures Corporation, and realised after the appointed day notwithstanding that the realisation pertains to a period prior to the appointed day. (2) The Central Government, or the Jute Manufactures Corporation, as the case may be, may make a claim to the Commissioner with regard to every payment made by that Government or Corporation, after the appointed day, for discharging any liability of a jute company, not being any liability specified in sub-section (2) of section 5, in..... View Complete Act List Judgments citing this sectionTitle : Payment of Amount
State : Central
Year : 1980
Every jute company shall be given by the Central Government, for the transfer to, and vesting, in that Central Government, under section 3, of the undertakings of that company and the right, title and interest of that company in relation to its undertakings, in cash and in the manner specified in Chapter VI, such amount as is specified against the name of that company in the First Schedule. 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 : Continuance of Employees
State : Central
Year : 1980
(1) Every person who has been, immediately before the appointed day, employed in any undertaking of any of the companies shall become,-- (a) on and from the appointed day, an employee of the Central Government,.and (b) Where the undertakings of the jute companies are vested in the Jute Manufactures Corporation, an employee of the said Corporation, on and from the date of such vesting, and shall hold office or service under the Central Government or the existing, or the Jute Manufactures Corporation as the case may be with the same right and privileges as to pension, gratuity and other matters, admissible to him if there had been no such vesting and shall continue to do so unless and until his employment under the Central Government or the Jute Manufacture Corporation, as the case..... View Complete Act List Judgments citing this sectionTitle : Admission or Rejection of Claims
State : Central
Year : 1980
(1) After examining the claims against a jute company, with reference to the priorities specified in the Second Schedule, the Commissioner shall fix a date on or before which every claimant against the company shall file the proof of his claim. (2) Not less than fourteen days' notice of the date so fixed shall be given by advertisement in one issue of any daily newspaper in the English language having circulation in the major part of the country and in one issue of any daily newspaper in such regional language as the Commissioner may consider suitable, and every such notice shall call upon the claimant to file the proof of his claim with the Commissioner within the period specified in the advertisement. (3) Every claimant who fails to file the proof of his claim within the period..... 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 25 - Assumption of liability (1) Where any liability of a jute company arising out of any item in any category specified in Part 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 that liability shall be assumed by the Central Government. (2) The Central Government may, by order, direct the..... 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 : 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 section