Miscellaneous - Sortby Old - Year 1978 - Bare Acts

Bolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Complete Act

Title: Bolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978

State: Central

Year: 1978

..... Section12 - Provident fund Section13 - Gratuity, welfare fund and other funds Chapter V Section14 - Provisions with respect to income-tax and surtax Section15 - Taxes, fees and other charges not payable Chapter VI Section16 - Duty to deliver possession of properties, etc. Section17 - Penalties Section18 - Offences by companies Section19 - Protection of action taken in good faith Section20 - Cognizance of offences Section21 - Saving of contracts, etc. Section22 - Saving of legal proceedings Section23 - Board of Directors of the steel authority of India to adopt accounts of dissolved company Section24 - Transfer of documents relating to the dissolved company Section25 - Power to remove difficulties Section26 - Act to override the provisions of other laws Section27 - Power to amend memorandum and articles of association Section28 - Power to make rules

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 5

Title: General Effect of Merger

State: Central

Year: 1978

.....and to which either the Corporation or the Company is a party or which are in favour of either the Corporation, or the Company shall be of as full force and effect against or in favour of the re-named Corporation, and may be enforced or acted upon as fully and effectually as if in place of the Corporation or the Company, as the case may be, the re-named Corporation had been a party thereto or as if they had been issued in favour of the re-named Corporation. (2) If, immediately before the commencement of this Act, any suit, appeal or other proceeding of whatever nature, in relation to any business of the undertaking of the Corporation or of the Company, instituted or preferred by or against the Corporation or the Company, is pending, the same shall not abate, be discontinued or be in any way prejudicially affected, by reason of the transfer of the undertaking of the Company to the Corporation or the merger of the undertaking of the Company with the undertaking of the Corporation, or of anything contained in this Act, but the suit, appeal or other proceeding may be continued, prosecuted and enforced by or against the re-named Corporation.

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Press Council Act, 1978 Chapter I

Title: Preliminary

State: Central

Year: 1978

(1) This Act may be called the Press Council Act, 1978. (2) It extends to the whole of India. Section 2 - Definitions In this Act, unless the context otherwise requires,- (a) "Chairman" means the Chairman of the Council; (b) "Council means the Press Council of India established under section 4; (c) "member" means a member of the Council and includes its Chairman ; (d) "prescribed" means prescribed by rules made under this Act; (e) the expressions "editor" and "newspaper" have the meaning respectively assigned to them in the Press and Registration of Books Act, 1867 (25 of 1867), and the expression "working journalist" has the meaning assigned to it in the Working Journalists and other Newspaper Employees (Conditions of Service) and Miscellaneous Provisions Act, 1955 (45 of 1955). Section 3 - Rule of construction respecting enactments not extending to the State of Jammu and Kashmir or Sikkim Any reference in this Act to a law which is not in force in the State of Jammu and Kashmir or Sikkim shall, in relation to that State, be construced as a reference to the corresponding law, if any in force in that State.

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 9

Title: Amendment of Act 2 of 1934

State: Central

Year: 1978

In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted.

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Chapter IV

Title: Amendment to the Reserve Bank of India Act, 1934

State: Central

Year: 1978

In the Reserve Bank of India Act, 1934, in section 17, in clause (11A), sub-clause (a) shall be omitted.

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 8

Title: Amendment of the Deposit Insurance Corporation Act, 1961

State: Central

Year: 1978

..... (1) in the long title, after the words "insurance of deposits", the words "and guaranteeing of credit facilities" shall be inserted; (2) in section 1, in sub-section (1), for the words "the Deposit Insurance Corporation", the words "the Deposit Insurance and Credit Guarantee Corporation" shall be substituted; (3) in section 2,-- (i) in clause (e), for the words "the Deposit Insurance Corporation", the words "the Deposit Insurance and Credit Guarantee Corporation" shall be substituted; (ii) after clause (ee), the following clause shall be inserted, namely: -- '(eea) "credit institution" means all or any of the following, namely: -- (i) a banking company; (ii) a corresponding new bank; (iii) a Regional Rural Bank; (iv) a co-operative bank; (v) a financial institution;'; (iii) after clause (hh), the following clause shall be inserted, namely:-- '(hha) "financial institution" means any financial institution within the meaning of clause (c) of section 451 of the Reserve Bank of India Act, 1934 (2 of 1934); (4) in section 3, after sub-section (1), the following sub-section shall be inserted, namely: -- "(1A) Any reference in this Act to the Deposit.....

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Chapter III

Title: Amendments to the Deposit Insurance Corporation Act, 1961

State: Central

Year: 1978

..... (1) in the long title, after the words "insurance of deposits", the words "and guaranteeing of credit facilities" shall be inserted; (2) in section 1, in sub-section (1), for the words "the Deposit Insurance Corporation", the words "the Deposit Insurance and Credit Guarantee Corporation" shall be substituted; (3) in section 2,-- (i) in clause (e), for the words "the Deposit Insurance Corporation", the words "the Deposit Insurance and Credit Guarantee Corporation" shall be substituted; (ii) after clause (ee), the following clause shall be inserted, namely: -- '(eea) "credit institution" means all or any of the following, namely: -- (i) a banking company; (ii) a corresponding new bank; (iii) a Regional Rural Bank; (iv) a co-operative bank; (v) a financial institution;'; (iii) after clause (hh), the following clause shall be inserted, namely:-- '(hha) "financial institution" means any financial institution within the meaning of clause (c) of section 451 of the Reserve Bank of India Act, 1934 (2 of 1934); (4) in section 3, after sub-section (1), the following sub-section shall be inserted, namely: -- "(1A) Any reference in this Act to the Deposit.....

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 7

Title: Power of Central Government to Authorise a Person or Body of Persons to Take over the Management of the Company

State: Central

Year: 1978

.....of the balance in the hands of the person or body of persons authorised under sub-section (1); or (b) the payment of such balance into the general revenue account of the Central Government; and (c) the disposal of the books and papers of the Company. (7) A copy of the order' made by the Central Government for the dissolution of the Company shall be filed by the re-named Corporation with the Registrar of Companies within thirty days from the date of such order and the Registrar of Companies shall give effect to the said order as if it were an order made by the court for the dissolution of the Company. (8) The provisions of this section shall have effect notwithstanding anything to the contrary contained in the Companies Act, 1956 1 of 1956, or in any other law for the time being in force.

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 6

Title: Payment of Amount

State: Central

Year: 1978

(1) For the transfer to and vesting in, the Corporation, under section 3, of the undertaking of the Company, there shall be given by the Corporation to the Company an amount of rupees two crores. (2) The amount specified in sub-section (1) shall be given, in cash, within thirty days from the commencement of this Act and such amount shall carry interest at the rate of four per cent, per annum from such commencement till the date on which the amount is paid to the Company: Provided that if the amount specified in sub-section (1) is paid within seven days from the commencement of this Act, no interest shall be payable.

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Deposit Insurance Corporation (Amendment and Miscellaneous Provisions) Act, 1978 Section 4

Title: Merger of the Undertaking of the Company with the Undertaking of the Corporation

State: Central

Year: 1978

.....or the Credit Guarantee Corporation of India Limited is a party or which is in favour of either of them, shall he construed as a reference to the Deposit Insurance and Credit Guarantee Corporation. (2) The change of name of the Deposit Insurance Corporation, by virtue of the provisions of sub-section (1), shall not-- (a) affect any right or obligation of that Corporation, subsisting immediately before the commencement of the Deposit Insurance Corporation (Amendment find Miscellaneous Provisions) Act, 1978; (b) render defective any suit or other legal proceeding pending, immediately before such common cement by or against that Corporation in its former name; and (c) affect the institution or commencement of any suit or other legal proceeding which could have been instituted or commenced before such commencement, by or against the Corporation in its former name, and every such suit or legal proceeding may be instituted or commenced, after the commencement of this Act, by or against the re-named Corporation.

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