Title : Offences by Companies
State : Central
Year : 1980
(1) Where an offence punishable under this Act has been committed by a company, every person who, at the time the offence was committed, was in charge of, and was responsible to, the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly: Provided that nothing contained in this sub-section shall render any such person liable to any punishment, if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence. (2) Notwithstanding anything contained in sub-section (1), where any offence under this Act has been committed by a company and it is proved that the offence..... View Complete Act List Judgments citing this sectionTitle : Power to Remove Difficulties
State : Central
Year : 1980
If any difficulty arises in giving effect to the provisions of this Act the Central Government may by order, not inconsistent with the provisions of this Act, remove the difficulty: Provided that no such order shall be made after the expiry of a period of two years from the appointed day. View Complete Act List Judgments citing this sectionTitle : Act to Have Overriding Effect
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. View Complete Act List Judgments citing this sectionTitle : Delegation of Powers
State : Central
Year : 1980
(1) The Central Government may, by notification direct that all or any of the powers exercisable by it under this Act, other than the powers conferred by this Section, and sections 32 and 33, may also be exercised by such person or person as may be specified in the notification. (2) Whenever any delegation of power is made under sub-section (1), the person to whom such power has been delegated shall act under the direction, control and supervision of the Central Government. View Complete Act List Judgments citing this sectionTitle : Power to Make Rules
State : Central
Year : 1980
(1) The Central Government may, by notification, make rules for carrying out the provisions of his Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely,-- (a) the time within which, and the manner in which, an intimation referred to in sub-section (3) of section 4 shall be given; (b) the manner in which the monies in any provident fund or other fund referred to in sub-section (2) of section 13, shall be dealt with; (c) any other matter which is required to be, or may be, prescribed. (3) Every rule made by the Central Government under this Act shall be laid, as soon as may be after it is made, before each House of Parliament.while it is in session, for a total period of..... View Complete Act List Judgments citing this sectionTitle : Jute Companies (Nationalisation) Act, 1980.
State : Central
Year : 1980
THE JUTE COMPANIES (NATIONALISATION) ACT, 1980 [Act, No. 62 of 1980] [21st December, 1980] PREAMBLE An Act to provide for the acquisition and transfer of the undertakings of the Jute Companies, specified in the First Schedule with a view to securing the proper management of such undertakings so as to subserve the interest of the general public by ensuring the continued manufacture, production and distribution of articles, made of jute, which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto. WHEREAS the said Jute Companies has been engaged in the manufacture and production of articles mentioned in the First Schedule to the Industries (Development and Regulation) Act, 1951(65 of 1951), namely, textiles made wholly..... View Complete Act List Judgments citing this sectionTitle : Second Schedule
State : Central
Year : 1980
THE SECOND SCHEDULE [ See sections 17, 19(1), 20(1), 22(1) and 25(1) ] ORDER OF PRIORITIES Part I Category I -- Employees' dues on account of unpaid salaries, wages, provident fund, Employees' State Insurance Contribution or premium relating to the Life Insurance Corporation of India and any other amounts due to employees in respect of any period whether before or after the management of the undertakings of any jute company had been taken over by the Central Government. Category II-- Secured loans obtained by any jute company from nationalised banks and public financial institutions during any period whether before or after the management of the undertakings of that company had been taken over by the Central Government. Category III-- (a) Any credits availed for trade..... View Complete Act List Judgments citing this sectionTitle : First Schedule
State : Central
Year : 1980
THE FIRST SCHEDULE [ See sections 2(c), 7, 8 and 15(1)(a) ] Sl. No Name of the Company Amount (Rupees in lakhs) 1. Alexandra Jute Mills Limited, Chartered Bank Buildings. 4, Netaji Subhas Road, Calcutta-700001 353.60 2. Union Jute Company Limited Chartered Bank Buildings, 4, Netaji Subhas Road, Calcutta- 700001 461.32 3. Khardah Company Limited, 7, Red Cross Place, Calcutta-700001 486.68 4. The Kinnison Jute Mills Company Limited, Chartered Bank Buildings, 4, Netaji Subhas Road, Calcutta-700001 644.70 5. R.B.H.M.Jute Mills Private Limited, P.O.Katihar Mills, ..... View Complete Act List Judgments citing this sectionTitle : Acquisition and Transfer 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. Section 4 - General Power of vesting (1) The undertakings of each of the jute companies 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, 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, possession power..... View Complete Act List Judgments citing this sectionTitle : Management, Etc, of the Undertakings of the Jute Companies
State : Central
Year : 1980
The general superintendence, direction, control and management of the affairs and business of the undertakings owned by each of the jute companies, the right, title and interest in relation to which have vested in the Central Government under section 3 shall, where a direction has been made by the Central Government under sub-section (1) of section 6 vest in the Jute Manufactures Corporation and thereupon the Jute Manufactures Corporation shall be entitled to exercise, to the exclusion of all other persons, all such powers and do all such things in relation to each such undertaking as the jute company which owned it was authorised to exercise and do immediately before the appointed day. Section 10 - Duty of persons in charge of management of the undertakings to deliver all assets etc ..... View Complete Act List Judgments citing this section