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Home Bare Acts Phrase: physical takingSick Textile Undertakings (Taking over of Management) Act, 1972 Section 11
Title: Management of Sick Textile Undertakings Pending Taking over Physical Possession by the Custodian
State: Central
Year: 1972
.....No person in charge of the textile undertaking of a company in relation to which any investigation has been ordered, after the compencement of this Act, under section 15 or section 15A of the Industries (Development and Regulation) Act, 1951, 65 of 1965 shall, without the previous approval of the person specified by the Central Government in this behalf in respect of that undertaking (hereinafter referred to as the "authorised person"),-- (i) incur any expenditure from the assets appertaining to the textile undertaking otherwise than for the purpose of making routine payments of salaries or commissions to employees, agents or for the purpose of meeting the routine day to day expenditure; (ii) transfer or otherwise dispose of any such assets or create any charge, hypothecation, lien or other incumbrance thereon; (iii) invest in any manner any monies forming part of such assets; (iv) acquire any immovable property out of the monies forming part of such assets; (v) enter into any contract of service or agency, whether expressly or by implication, for purposes connected wholly or partly with the textile undertaking or vary the terms and conditions of any contract.....
View Complete Act List Judgments citing this sectionSugar Undertakings (Taking over of Management) Act, 1978 Section 12
Title: Management of Notified Sugar Undertakings Pending Taking over Physical Possession by the Custodian
State: Central
Year: 1978
.....of meeting the routine day to day expenditure; (ii) transfer or otherwise dispose of any such assets or create any charge, hypothecation, lien or other incumbrance thereon; (iii) invest in any manner any moneys forming part of such assets; (iv) acquire any immovable property out of the moneys forming part of such assets; (v) enter into any contract of service or agency, whether expressly or by implication, for purposes connected wholly or partly with the undertaking or vary the terms and conditions of any contract relating to any such transaction subsisting on the date of vesting. (3) The approval of the Custodian-General may be given either generally in relation to certain classes of transactions relating to the notified sugar undertaking or specially in relation to any of its transactions.
View Complete Act List Judgments citing this sectionSick Textile Undertakings (Taking over of Management) Act, 1972 Complete Act
Title: Sick Textile Undertakings (Taking over of Management) Act, 1972
State: Central
Year: 1972
.....to make certain declarations in relation to sick textile undertakings Chapter 4 Section8 - Textile companies not to wound up Section9 - Contracts, etc., in bad faith may be cancelled or varied Section10 - Power to terminate the contract of employment Section11 - Management of sick textile undertakings pending taking over physical possession by the Custodian Section12 - Protection of action taken in good faith Section13 - Delegation of powers Section14 - Debts incurred for the purposes of textile undertaking to have priority Section15 - Penalties Section16 - Offences by companies Section17 - Power to make rules Section18 - Repeal and saving Schedule1 - SCHEDULE I Schedule2 - SCHEDULE II
List Judgments citing this sectionSugar Undertakings (Taking over of Management) Act, 1978 Complete Act
Title: Sugar Undertakings (Taking over of Management) Act, 1978
State: Central
Year: 1978
.....up Section10 - Contracts, etc., in bad faith may be cancelled or varied Section11 - Power to terminate the contract of employment Section12 - Management of notified sugar undertakings pending taking over physical possession by the Custodian Section13 - Protection of action taken in good faith Section14 - Delegation of powers Section15 - Debts incurred for the purposes of notified sugar undertakings to have priority Section16 - Penalties Section17 - Offences by companies Section18 - Act not to apply to certain sugar undertakings Section19 - Act to have overriding effect Section20 - Power to make rules Section21 - Laying of rules and certain notifications Section22 - Repeal and saving ScheduleI - SCHEDULE
List Judgments citing this sectionParel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Repealing Act 1
Title: Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005
State: Central
Year: 1979
.....MANAGEMENT) REPEAL ACT, 2005 THE PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) REPEAL ACT, 2005 [Act, No.14 of 2005] [31st March, 2005] PREAMBLE An Act to repeal the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979. BE it enacted by Parliament in the Fifty-fifth Year of the Republic of India as follows:-- 1. Short Title This Act may be called the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Repeal Act, 2005. 2. Repeal and Saving (1) The Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979 is hereby repealed.; (2) On the repeal of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking Over of Management) Act, 1979, the management of the Parel Investments and Trading Private Limited and Domestic Gas Private Limited shall be vested and deemed to have been vested in the respective board of directors of the said Companies to be appointed after such repeal and possession of the.....
View Complete Act List Judgments citing this sectionSugar Undertakings (Taking over of Management) Act, 1978 Chapter II
Title: Taking over of Management
State: Central
Year: 1978
.....has in any sugar year failed to commence the manufacture of sugar on or before the appointed day in respect of that year, or having started the manufacture of sugar on or before that day ceased to manufacture sugar before the expiry of the average period of manufacture of sugar in relation to that undertaking; or (b) that on any date in any sugar year any sugar undertaking has, in relation to the cane1[purchased at any time (whether in that sugar year or in any earlier sugar year or sugar years and whether before or after the commencement of this Act), before that date] for the purposes of the undertaking, arrears of cane dues to the extent of more than ten percent, of the total price of the cane purchased for the purposes of the undertaking during the immediately preceding sugar year; and (c) that in either case the effective functioning of the undertaking is necessary for the purposes of this Act, the Central Government may issue a notice in such form and in such manner as may be prescribed to the owner or the manager of such sugar undertaking calling upon such owner or manager to report in writing within such time, not being less than five days, as may be specified in.....
View Complete Act List Judgments citing this sectionLalit Kala Akadami Taking over of Management Act, 1997 Preamble 1
Title: Lalit Kala Akadami Taking over of Management Act, 1997
State: Central
Year: 1997
THE LALIT KALA AKADAMI (TAKING OVER OF MANAGEMENT) ACT, 1997 [Act, No. 17 of 1997] [25th March, 1997] PREAMBLE An Act to provide for the taking over of the management of the Lalit Kala Akadami for a limited period in the public interest and for matters connected therewith or incidental thereto. WHEREAS the Lalit Kala Akadami was set up as an apex cultural body in the field of visual arts by the Government of India by the Parliamentary Resolution passed on the 5th day of August, 1954 to encourage and promote visual arts such as paintings, graphics, sculptures, etc.; AND WHEREAS the Lalit Kala Akadami was regisiercd as a society under the Societies Registration Act, 1860 (21 of 1860) on the 11th day of March, 1957; AND WHEREAS the Akadami has full functional autonomy in the Held of its activity, even though the Government of India is the sole-funding agency for the organisation; AND WHEREAS pursuant to the complaints received with regard to the misuse of funds by the Lalit Kala Akadami from several quarters including from the Hon'ble Members of Parliament, a Committee was set up by the Government of India by Resolution dated the 24th day of March, 1988 under the.....
View Complete Act List Judgments citing this sectionParel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Preamble 1
Title: Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979
State: Central
Year: 1979
THE PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) ACT, 1979 [Act, No. 29 of 1979] [26th May, 1979] PREAMBLE An Act to provide for the taking over, in the public interest, of the management of the undertakings of the Parel Investments and Trading Private Limited and the Domestic Gas Private Limited, pending acquisition of those undertakings, with a view to maintaining a service essential to the life of the community, namely, the bottling, transporting, marketing and distribution of liquefied petroleum gas, and for matters connected therewith or incidental thereto. WHEREAS the undertakings in India of Caltex (India) Limited, a foreign company, had vested in Caltex Oil Refining (India) Limited, a Government company within the meaning of the Companies Act, 1956 (1 of 1956), under the Caltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited] Act, 1977 (17 of 1977); AND WHEREAS the agreement dated the 23rd November, 1970 entered into by Caltex (India) Limited with the East Coast Gas Company, a partnership firm which has since been taken over.....
View Complete Act List Judgments citing this sectionParel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Chapter II
Title: Taking over of Management of the Undertakings of the Two Companies
State: Central
Year: 1979
.....two companies (including the power to dispose of any properties or assets of the two companies) whether such powers are derived from the Companies Act, 1956, or from the memorandum and articles of association of either of the two companies or from any other source. (4) Any person having possession, custody or control of any property forming part of the undertaking of either of the two companies, shall, on demand, deliver forthwith such property to the Custodian or to any such person as may be authorised by the Custodian or the Central Government in this behalf. (5) If any person fails or refuses to comply with any demand made under sub-section (4) for the delivery of any property, the Custodian or any person authorised under the said sub-section may take possession of that property and may, for that purpose, use such reasonable force as may be necessary. (6) Any person who, on the appointed day, has in his possession or under his control any books, papers or other documents relating to the undertaking of either of the two companies, including the minutes books containing the resolutions of the persons in charge of the management thereof before the appointed day, the.....
View Complete Act List Judgments citing this sectionIndian Copper Corporation (Taking over of Management) Act, 1972 Preamble 1
Title: Indian Copper Corporation (Taking over of Management) Act, 1972
State: Central
Year: 1972
THE INDIAN COPPER CORPORATION (TAKING OVER OF MANAGEMENT) ACT, 1972 [Act, No. 11 of 1972] [20th April, 1972] PREAMBLE An Act to provide for the taking over, in the public interest, of the management of the undertaking of the Indian Copper Corporation Limited, pending acquisition of that undertaking. Whereas it is expedient in the public interest that the undertaking of the Indian Copper Corporation Limited should be acquired for the purpose of enabling the Central Government to conserve and exploit in a scientific and rational manner to the maximum advantage of the nation, the copper deposits in the Singhbhum belt in the State of Bihar and to utilise the deposits in such manner as to subserve the common good, in the context of the requirements of copper in the country; AND WHEREAS it is expedient, in the public interest, to take over the management of the undertaking of the Indian Copper Corporation Limited pending acquisition thereof; BE it enacted by Parliament in the Twenty-third Year of the Republic of India as follows:-
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