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Start Free TrialFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Complete Act
Title: Futwah-islamur Light Ralilway Line (Nationalisation) Act, 1985
State: Central
Year: 1985
Preamble1 - FUTWAH-ISLAMUR LIGHT RALILWAY LINE (NATIONALISATION) ACT, 1985 Chapter I Section1 - Short title Section2 - Definitions Chapter II Section3 - Transfer to and vesting in the Central Government of the undertaking of the Company Section4 - General effect of vesting Section5 - Owner of the Company to be liable for certain prior liabilities Chapter III Section6 - Payment of amount Section7 - Interest Chapter IV Section8 - Duty of persons in charge of management of the undertakings of the Company to deliver all assets etc. Section9 - Duty of persons to account for assets, etc., in their possession Chapter V Section10 - Employment of certain employees to continue Section11 - Provident fund and other funds Chapter VI Section12 - Act to have overriding effect Section13 - Penalties Section14 - Offences by Companies Section15 - Protection action in good faith Section16 - Delegation of powers Section17 - Power to make rules Section18 - Power to remove difficulties
List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Section 16
Title: Delegation of Powers
State: Central
Year: 1985
(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 17 and 18, may also be exercised by such person or persons as may be specified in the said 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 sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Chapter IV
Title: Duty of Persons in Charge of Management of the Undertaking of the Company to Deliver All Assets Etc.
State: Central
Year: 1985
.....it the undertakings owned by the Company had not vested in the ;Central Government, shall be liable to account for the said assets, books, document and other papers to the Central Government or to such person or persons as the Central Government may specify in this behalf. (2) The Central Government may take or cause to be taken all necessary steps for securing possession of the undertakings of the Company which have vested in the Central Government under this Act. (3) The Company shall, within wuch period as the Central Government may allow in this behalf, furnish to that Government a complete inventory of all its properties and assets, as on the appointed day, pertaining to the undertakings which have vested in the Central Government under section 3 and, for this purpose the Central Government shall afford to the Company all reasonable facilities.
View Complete Act List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Section 8
Title: Duty of Persons in Charge of Management of the Undertakings of the Company to Deliver All Assets Etc.
State: Central
Year: 1985
On the vesting of the undertakings of the Company in the Central Government, all perosns in charge of the management of the undertakings immediately before such vesting, shall be bound to deliver to the Central Government all assets, books of account, registers or other documents in their custody relating to the undertaking.
View Complete Act List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Section 9
Title: Duty of Persons to Account for Assets, Etc., in their Possession
State: Central
Year: 1985
(1) Any person who has, on the appointed day, in his possession or under his control, any assets, books, documents or other papers relating to the undertakings owned buy the Company which have vested in the Central Government and which belong to the Company, or would have so belonged, it the undertakings owned by the Company had not vested in the ;Central Government, shall be liable to account for the said assets, books, document and other papers to the Central Government or to such person or persons as the Central Government may specify in this behalf. (2) The Central Government may take or cause to be taken all necessary steps for securing possession of the undertakings of the Company which have vested in the Central Government under this Act. (3) The Company shall, within wuch period as the Central Government may allow in this behalf, furnish to that Government a complete inventory of all its properties and assets, as on the appointed day, pertaining to the undertakings which have vested in the Central Government under section 3 and, for this purpose the Central Government shall afford to the Company all reasonable facilities.
View Complete Act List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Chapter V
Title: Provisions Relating to Employees of the Undertaking of the Company
State: Central
Year: 1985
.....funds (1) Where the Company has established a provident fund, superannuating fund, welfare fund or any other fund for the benefit of the persons employed in any of the undertakings of the Company, the monies reliable to the officers or other employees whose services have become transferred, by or under this, Act, to the Central Government, shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuating fund, welfare fund or other fund, standtransferred to , and shall vest in, the Central Government. (2) The monies which stand transferred under sub-section (1) to the Central Government shall be dealt with by that Government in such manner as may be prescribed by rules.
View Complete Act List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Section 10
Title: Employment of Certain Employees to Continue
State: Central
Year: 1985
.....on, or within a period of three months from, the appointed day, on the date of expiry of the said period of three months, or on the date on which he shall retire compulsorily from service in accordance with the conditions of service of service applicable to him immediately before the appointed day, whichever date is earlier; (b) in any other case, on his attaining the age of fifty-eight years. (2) Notwithstanding anything contained in the Industrial Disputes Act, 1947, or in any other law for the time being in force, the transfer of the service of any officer or other person employed in any undertaking of the Company to the Central Government shall not entitle such officer or other employee to any compensation under this Act or under any other law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority,.
View Complete Act List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Section 11
Title: Provident Fund and Other Funds
State: Central
Year: 1985
(1) Where the Company has established a provident fund, superannuating fund, welfare fund or any other fund for the benefit of the persons employed in any of the undertakings of the Company, the monies reliable to the officers or other employees whose services have become transferred, by or under this, Act, to the Central Government, shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuating fund, welfare fund or other fund, standtransferred to , and shall vest in, the Central Government. (2) The monies which stand transferred under sub-section (1) to the Central Government shall be dealt with by that Government in such manner as may be prescribed by rules.
View Complete Act List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Chapter VI
Title: Miscellaneous
State: Central
Year: 1985
.....authorised by that Government for any damage caused or likely to be caused by anything which is in good faith done or intended to be done under this Act. Section 16 - Delegation of powers (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 17 and 18, may also be exercised by such person or persons as may be specified in the said 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. Section 17 - Power to make rules (1) The Central Government may, by notification, make rules for carrying out the provisions of this Act. (2) In Particular and with prejudice to the generally of the foregoing power such rules may provide the manner in which the monies I any provident fund or other fund under section 11 shall be delta with. (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,.....
View Complete Act List Judgments citing this sectionFutwah-islamur Light Ralilway Line (Nationalisation) Act, 1985 Section 12
Title: Act to Have Overriding Effect
State: Central
Year: 1985
The provisions of this Act shall have effect notwithstanding anythings inconsistent therewith contained in any other law for the time being in force or any instrument having effect by virtue of any law, other than this Act, or in any decree or order of any court, tribunal other authority
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