Bare Act Search Results

The Assam Aid to Industries (Small and Cottage Industries) Act, 1955 Complete Act

State: Assam

Year: 1955

.....arrears of land revenue. [Published in the Assam Gazette, Part V, dated 9th November, 1955] page - 83. STATEMENT OF OBJECTS AND REASONS AMENDING ACT - THE ASSAM ACT NO. XV OF 1956 Under the provisions made under Section 4(1) of the State Aid to Industries (Small and Cottage Industries) Act, 1955 loans upto Rs. 20,000 only can be sanctioned by the Cottage Industries Department and applications for loans over that amount are required to be passed on to the State Financial Corporation. In cases, however, where the industrial concern is not found eligible for accommodation from Corporation, the Cottage Industries Department may consider such applications upto a limit of Rs. 50,000. But the Co-operative Societies being composed of a number of individuals generally require more capital than what an individual requires. The industries taken up by the Co-operative Societies are also larger than industries taken up by the individuals and as such a Co-operative Society usually required more than Rs. 20,000 for developing the industries. The Government of India have offered assistance to State Governments for issuing loans to Small Industries at 3 percent interest per annum only and.....

Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Part II

Title: Rectification of the Register of Members of the Old Company

State: Central

Year: 1972

.....to the provisions of sub-section (1), every person who had acquired a document, purporting to be a share, bona fide for value without notice of the fact that it did not represent any contribution to the capital of the old company, shall be entitled to claim reimbursement from the person from whom such document was acquired by him, and, the period of limitation for any action for such reimbursement shall be deemed, to commence on the date on which the document held by him as a share stands cancelled under section 15. Section 17 - Power of Tribunal to entertain and dispose of claims for reimbursement (1) The Tribunal shall have jurisdiction to entertain and dispose of any claim for reimbursement referred to in sub-section (2) of section 16. (2) Every such claim shall be made before the Tribunal within thirty days from the date on which the document purporting to be a share stands cancelled under section 15. Section 18 - Suits and legal proceedings, not to be commenced or proceeded with (1) On and from the date on which the Tribunal is constituted, no suit or other legal proceeding shall be commenced, or if pending at the date of such constitution, shall be proceeded.....

Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Chapter III

Title: Duty of Custodian to Reconstruct Register of Members of the Old Company

State: Central

Year: 1972

.....Custodian or the new company 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 28 - Contracts etc. in bad faith may be cancelled or varied (1) If the Central Government is satisfied, after such inquiry as it thinks fit, that any contract or agreement entered into at any time within twelve months immediately preceding the appointed day, between the old company and any other person has been entered into in bad faith and is detrimental to the interest of the old company or of the flew company, it may make an order cancelling or varying (either unconditionally or subject to such conditions as it may think fit to impose) the contract or agreement and thereafter the contract or agreement shall have effect accordingly ; Provided that no contract or agreement shall be cancelled or varied except after giving to the parties to the contract or agreement a reasonable opportunity of being heard. (2) Any person aggrieved by an order made under sub-section (1) may make an application to the Tribunal for the variation or reversal of such order and thereupon the Tribunal may confirm, modify or reverse such.....

Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Chapter IV

Title: Management of the Old Company

State: Central

Year: 1972

..... Section 11 - Custodian to be public servant The Custodian shall be a public servant within the meaning of section 21 of the Indian Penal Code. Section 12 - Vacation of office by directors, etc., of the old company (1) On the appointment of a Custodian, every person holding office; immediately before such appointment, as director or manager of the old company shall, notwithstanding anything contained in any other law for the time being in force or in any decree or order of any Court or Triburial, Vacate such office. (2) The Custodian shall receive the sum referred to in section 8 and shall deal with the said sum for meeting any liability which is incurred by the old company after the appointed day and the balance, if any, left after meeting the said liability, in accordance with the wishes of the members of the old company, expressed in a general meeting convened by the Custodian, and the provisions of the Companies Act, 1956, shall, so far as may be, apply to such meeting. (3) The Custodian may, if the members of the old company so desire, distribute the balance referred to in sub-section (2) amongst such members in accordance with their rights and interests.....

Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Section 7

Title: Transfer of Employees of the Old Company

State: Central

Year: 1972

.....not becoming an officer or other employee of the Central Government or the new company, as the case may be. (2) For the persons, who, immediately before the appointed day, were the trustees for any pension, provident fund, gratuity or other like fund constituted for the officers or other employees of the old company, there shall be substituted as trustees such persons as the Central Government or the new company may, by general Or special order, specify. (3) Notwithstanding anything contained in the Industrial Disputes Act, 1947, or in any other law for the time being in force, the transfer of the services of any officer or other employee from the old company to the Central Government or the new company shall nut entitle such officer or other employee to any compensation under that Act or other law and no such claim shall be entertained by any Court. Tribunal or other authority.

Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Section 20

Title: Custodian to Reconstruct Register of Members of the Old Company

State: Central

Year: 1972

(1) The Custodian shall reconstruct the register of members of the old company and shall include therein the names of the holders of the shares which have been declared by the Tribunal as representing, in reality, a contribution to the capital of the old company and strike off from the register of members of the old company the names of the holders of the documents purporting to be shares which stand, by reason of the determination made by the Tribunal under section 15, cancelled. (2) On and from the date of reconstruction of the register of members of the old Company,-- (a) the register, as so reconstructed, shall be denied to be the register of members of the old company, and (b) all registers of members maintained by the old company, immediately before the said date, shall stand cancelled.

Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Section 12

Title: Vacation of Office by Directors, Etc., of the Old Company

State: Central

Year: 1972

(1) On the appointment of a Custodian, every person holding office; immediately before such appointment, as director or manager of the old company shall, notwithstanding anything contained in any other law for the time being in force or in any decree or order of any Court or Triburial, Vacate such office. (2) The Custodian shall receive the sum referred to in section 8 and shall deal with the said sum for meeting any liability which is incurred by the old company after the appointed day and the balance, if any, left after meeting the said liability, in accordance with the wishes of the members of the old company, expressed in a general meeting convened by the Custodian, and the provisions of the Companies Act, 1956, shall, so far as may be, apply to such meeting. (3) The Custodian may, if the members of the old company so desire, distribute the balance referred to in sub-section (2) amongst such members in accordance with their rights and interests and thereafter apply to the Court for the winding up of the old company by the Court.

Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 Section 10

Title: Management of the Old Company

State: Central

Year: 1972

(1) The affairs of the old company shall be managed by a Custodian to he appointed by the Central Government in this behalf : Provided that he Central Government may, if the Custodian declines to become, or to continue to function as, the Custodian or if it is of opinion that it is necessary in the interests of the old company so to do, appoint any other person as the Custodian of the old company. (2) The Custodian appointed under sub-section (1) shall receive from the funds of the old com­pany, such emoluments as the Central Government may specify in this behalf. (3) The Custodian shall hold office during the pleasure of the Central Government.

Central Excise Tariff Act, 1985 Chapter 84

Title: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof

State: Central

Year: 1985

.....8429 59 00 -- Other u 16% 8430 OTHER MOVING, GRADING, LEVELLING, SCRAPING, EXCAVATING, TAMPING, COMPACTING, EXTRACTING OR BORING MACHINERY, FOR EARTH, MINERALS OR ORES; PILE-DRIVERS AND PILE-EXTRACTORS; SNOW-PLOUGHS AND SNOW-BLOWERS 8430 10 - Pile-drivers and pile-extractors: 8430 10 10 --- Pile-drivers u 16% 8430 10 20 --- Pile-extractors u 16% 8430 20 00 - Snow-ploughs and snow-blowers u 16% - Coal or rock cutters and tunneling machinery: 8430 31 -- Self-propelled: 8430 31 10 --- Coal cutters u 16% 8430 31 20 --- Tunneling machinery u 16% 8430 31 90 --- Other u 16% 8430 39 00 -- Other u 16% - Other boring or sinking machinery: 8430 41 -- Self-propelled: 8430 41 10 --- Tube well drilling and core.....

Customs Tariff Act 1975 Chapter 84

Title: Nuclear Reactors, Boilers, Machinery and Mechanical Appliances; Parts Thereof

State: Central

Year: 1975

.....Other u [7.5%]37 - 8430 Other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; piledrivers and pile-extractors; snow-ploughs and snow-blowers 8430 10 - Pile-drivers and pile-extractors: 8430 10 10 --- Pile-drivers u [7.5%]37 - 8430 10 20 --- Pile-extractors u [7.5%]37 - 8430 20 00 - Snow-ploughs and snow-blowers u [7.5%]37 - - Coal or rock cutters and tunneling machinery: 8430 31 -- Self-propelled: 8430 31 10 --- Coal cutters u [7.5%]37 - 8430 31 20 --- Tunneling machinery u [7.5%]37 - 8430 31 90 --- Other u [7.5%]37 - 8430 39.....