Bare Act Search Results

Railway Companies (Emergency Provisions) Act, 1951 Section 12

Title: Cancellation of Appointment of Directors

State: Central

Year: 1951

.....or made under this Act. (2) On the cancellation of any such appointment as is referred to in sub-section (1), the Central Government may--- (a) direct that all the property, effects and actionable claims of the railway company shall revert in the persons in whom they were vested before the issued of the notify order under section 3; or (b) reconstitute by fresh appointment a new body of persons to take charge of the management and administration of the whole affairs of the railway company, whether as directors or managers or in any other capacity; Provided that no such direction or fresh appointment shall be made except in pursuance of are solution passed by the share holders of the railway company at a meeting called for the purpose by the directors appointed under section 3. (3) The Central Government may, at any time before the issue of the notify order under sub-section (1), take such action as may be necessary under clause (b) of sub-section(2)forthe purpose of making any fresh appointments.

Extradition Act, 1962 Section 3

Title: Application of the Act

State: Central

Year: 1962

.....subsequent notified order, render the application of this Act subject to such modifications, exceptions, conditions and qualifications as may be deemed expedient for implementing the treaty with that State. 2[(4) Where there is no extradition treaty made by India with any foreign State, the Central Government may, by notified order, treat any convention to which India and a foreign State are parties, as an extradition treaty made by India with that foreign State providing for extradition in respect of the offences specified in that Convention.] ________________________ 1. Substituted by Act No. 66 of 1993, section 5 (w.e.f. 18th December, 1993). 2. Inserted by Act No. 66 of 1993, Section 5 (w.e.f. 18th December, 1993).

Industries (Development and Regulation) Act, 1951 Complete Act

State: Central

Year: 1951

.....SECTION 09: IMPOSITION OF CESS ON SCHEDULED INDUSTRIES IN CERTAIN CASES (1) There may be levied and collected as a cess for the purposes of this Act on all goods manufactured or produced in any such scheduled industry as may be specified in this behalf by the Central Government by notified order a duty of excise at such rate as may be specified in the notified order, and different rates may be specified for different goods or different classes of goods: Provided that no such rate shall in any case exceed 13 paise per cent of the value of the goods. (2) The cess shall be payable at such intervals, within such time and in such manner as may be prescribed, and any rules made in this behalf may provide for the grant of a rebate for prompt payment of the cess. (3) The said cess may be recovered in the same manner as an arrear of land revenue. (4) The Central Government may hand over the proceeds of the cess collected under this section in respect of the goods manufactured or produced by any scheduled industry or group of scheduled industries to the Development Council established for that industry or group of industries, and where it does so, the Development Council shall utilise.....

Industrial Reconstruction Bank of India Act, 1984 Complete Act

State: Central

Year: 1984

.....and obligations of whatever kind then subsisting of the Corporation in relation to its undertaking. (4) Unless otherwise expressly provided by this Act, all contracts, deeds, bonds, agreements, powers of attorney, grants of legal representation and other instruments of whatever nature subsisting or having effect immediately before the appointed day and to which to Corporation is a party or which are in favour of the Corporation, shall be of as full force and effect against or in favour of the Reconstruction Bank, and may be enforced or acted upon as fully and effectually as if, in the place of the Corporation, the Reconstruction Bank had been a party thereto or as if they had been issued in favour of the Reconstruction Bank. (5) If, on the appointed day, any suit, appeal or other proceeding of whatever nature in relation to the business of the undertaking which has been transferred under this section, is pending by, or against, the Corporation, the same shall not abate, be discontinued or be, in any way, prejudicially affected by reason of the transfer of the undertaking of the Corporation or of anything contained in this Act, and the suit, appeal or other proceeding may be.....

Industrial Reconstruction Bank of India Act, 1984 Chapter VIII

Title: Special Powers of the Reconstruction Bank

State: Central

Year: 1984

.....of management of an industrial concern shall be entitled to any compensation for the loss of office or for the premature termination, under this Act, of any contract of management entered into by him with such concern. (2) Nothing contained in sub-section (1) shall affect the right of any such managing or whole-time director, or any other director or manager or any such person in charge of management to recover from the industrial concern, moneys recoverable otherwise than by way of such compensation. Section 46 - Application of Act 1 of 1956 (1) Where the management of an industrial concern, being a company as defined in the Companies Act, 1956, is taken over by the Reconstruction Bank, then notwithstanding anything contained in the said Act or in the memorandum or articles of association of such concern,-- (a) it shall not be lawful for the shareholders of such concern or any other person to nominate or appoint any person to be a director of the concern; (b) no resolution passed at any meeting of the shareholders of such concern shall be given effect to unless approved by the Reconstruction Bank; (c) no proceeding for the winding up of such concern or for the.....

Industries (Development and Regulation) Act, 1951 Chapter III-AB

Title: Power to Provide Relief to Certain Industrial Undertakings

State: Central

Year: 1951

.....in any case, remain in force-- (a) after the expiry of the period for which the management of the industrial undertaking was taken over under Section 18-A, Section 18-AA or Section 18-FA, or (b) for more than1[eight years] in the aggregate from the date of issue of the first notified order, whichever is earlier. (3) Any notified order made under sub-section (1) shall have effect notwithstanding anything to the contrary contained in any other law, agreement or instrument or any decree or order of a Court, tribunal, officer or other authority or of any submission, settlement or standing order. (4) Any remedy for the enforcement of any right, privilege, obligation or liability referred to in Cl. (b) of sub-section (1) and suspended or modified by a notified order made under that sub-section shall, in accordance with the terms of the notified order, remain suspended or modified, and all proceedings relating thereto pending before any Court, tribunal, officer or other authority shall accordingly remain stayed or be continued subject to such adaptations, so, however, that on the notified order ceasing to have effect-- (a) any right, privilege, obligation or liability.....

Industries (Development and Regulation) Act, 1951 Section 18FB

Title: Power of Central Government to Make Certain Declarations in Relation Toindustrial Undertakings, the Management or Control of Which Has Been Taken Overunder Section 18-a, Section 18-aa or Section 18-fa

State: Central

Year: 1951

.....in any case, remain in force-- (a) after the expiry of the period for which the management of the industrial undertaking was taken over under Section 18-A, Section 18-AA or Section 18-FA, or (b) for more than1[eight years] in the aggregate from the date of issue of the first notified order, whichever is earlier. (3) Any notified order made under sub-section (1) shall have effect notwithstanding anything to the contrary contained in any other law, agreement or instrument or any decree or order of a Court, tribunal, officer or other authority or of any submission, settlement or standing order. (4) Any remedy for the enforcement of any right, privilege, obligation or liability referred to in Cl. (b) of sub-section (1) and suspended or modified by a notified order made under that sub-section shall, in accordance with the terms of the notified order, remain suspended or modified, and all proceedings relating thereto pending before any Court, tribunal, officer or other authority shall accordingly remain stayed or be continued subject to such adaptations, so, however, that on the notified order ceasing to have effect-- (a) any right, privilege, obligation or liability.....

Industrial Reconstruction Bank of India Act, 1984 Section 49

Title: Power of Central Government to Grant Relief in the Case of Certain Assisted Industrial Concerns

State: Central

Year: 1984

.....of the business of the assisted industrial concern; (g) the payment in cash or otherwise to the members and other creditors in full satisfaction of their claims -- (i) in respect of their interests or rights, in, or against, the assisted industrial concernbefore the reconstruction or amalgamation; or (ii) where their interests or rights aforesaid, in, or against, the assisted industrial concern has or have been reduced under clause (f), in respect of such interests or rights as so reduced; (h) the vesting of controlling interest, in the reconstructed industrial concern, in the Central Government or its nominee either by the appointment of additional director or by the allotment of additional shares; (i) the allotment to the members of the assisted industrial concern, for any share or shares held by them therein before its reconstruction or amalgamation (whether their interest on such shares has been reduced under clause (f) or not), of shares in the assisted industrial concern on its reconstruction, or, as the case may be, in the transferee industrial concern and where any member claims payment in cash and not allotment of shares, or where it is not possible.....

The Kerala Essential Articles Control (Temporary Powers) Act, 1961 Complete Act

State: Kerala

Year: 1961

.....inconsistent therewith contained in any enactment other than this Act or in any instrument having effect by virtue of any enactment other than this Act. Section 6 - Penalties If any person contravenes any order made under section 3,- (a) he shall be punishable- (i) in the case of an order made with reference to clause (g) or clause (h) of sub-section (2) of that section, with imprisonment for a term which may extend to one year and shall also be liable to fine, and (ii) in the case of any other order, with imprisonment for a term which may extend to three years and shall also be liable to fine: Provided that if the court is of opinion that a sentence of fine only will meet the ends of justice, it may, for reasons to be recorded, refrain from imposing a sentence of imprisonment; and (b) any property in respect of which the order has been contravened or such part thereof as to the court may deem fit shall be forfeited to the Government: Provided that if the court is of opinion that it is not necessary to direct forfeiture in respect of the whole or. as the case may be, any part of the property, it may, for reasons to be recorded, refrain from doing so. Section 7.....

Industries (Development and Regulation) Act, 1951 Section 18AA

Title: Power to Take over Industrial Undertakings Without Investigation Under Certain Circumstances

State: Central

Year: 1951

.....assets of the industrial undertaking, or by diversion of funds, brought about a situation which is likely to affect the production of articles manufactured or produced in the industrial undertaking, and that immediate action is necessary to prevent such a situation ; or (b) it has been closed for a period of not less than three months (whether by reason of the voluntary winding-up of the company owning the industrial undertaking or for any other reason) and such closure is prejudicial to the concerned scheduled industry and that the financial condition of the company owning the industrial undertaking and the condition of the plant and machinery of such undertaking are such that it is possible to re-start the undertaking and such re-starting is necessary in the interests of the general public, it may, by a notified order, authorise any person or body of persons (hereafter referred to as the "authorised person") to take over the management of the whole or any part of the industrial undertaking or to exercise in respect of the whole or any part of the undertaking such functions of control as may be specified in the order. (2) The provisions of sub-section (2) of Section 18-A.....