Bare Act Search Results

Dalmia Dadri Cement Act 1981 Section 10

Title: Duty to Deliver Possession of the Undertakings of the Company and Documents Relating Thereto

State: Central

Year: 1981

.....undertakings of the Company of the Company or any part thereof to the Central Government, or where the undertakings of the Company are vested under section 6 in the Cement Corporation, to that Corporation. (2) On the vesting of the management of the undertakings of the Company in the Cement Corporation, the Official Liquidator of the Company or any other person who has, on the appointed day, in his possession or custody or under his control any books, documents or other papers relating to the undertakings of the Company immediately before such vesting or appointment, shall be bound to deliver the said books, documents or other papers to the Cement Corporation or to such person as the Central Government or the Cement Corporation, as the case may be, may specify in this behalf. (3) The Central Government may take or cause to be taken all necessary steps for securing possession of the undertakings which have vested in it under section 3. (4) The Central Government may issue such directions as it may deem desirable in the circumstances of the case to the Cement Corporation and that Corporation may also, if it is considered necessary so to do, apply to the Central Government at.....

Burmah Oil Company [Acquisition of Shares of Oil India Limited and of the Undertaking in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited ] Act , 1981 Section 14

Title: Duty to Deliver Possession of Properties Etc

State: Central

Year: 1981

.....in India of the specified company, shall be liable to account for the said books, documents and papers to the Central Government or the successor Government company as the as may be and shall deliver them up to the Central Government or that company or to such person as the Central Government or that company may authorise in this behalf. (2) Without prejudice to the other provisions contained in this section it shall be lawful for the Central Government or the successor Government company to take all necessary steps for taking possession of all properties which have been transferred to, and vested in, it under this Act. Contracts to continue unless terminated by Central Government

Dalmia Dadri Cement Act 1981 Section 28

Title: Penalties

State: Central

Year: 1981

.....undertakings of the Company, which may be in his possession, custody or control, or (d) Fails to deliver to the Central Government or the Cement Corporation or to any person or body of persons or body of persons specified by that Government or the Cement Corporation, as the case may be, document or inventory relating to the under takings of the Company, which may be in his possession, custody or control, or (e) wrongfully removes or destroys any property forming part of the undertakings of the Company; or (f) persons any claim under this Act which he knows or has reasonable cause to believe to be false or grossly inaccurate, shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to ten thousand rupees, or with both.

Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981 Complete Act

State: Central

Year: 1981

.....giving them any retrenchment benefits, the State Government of Haryana has been continuously urging the Government of India to take over this factory in view of the fact that a large number of employees will be thrown out of employment, if the factory is permanently closed down. The State Government of Haryana has indicated that owing to financial constraints and lack of technical expertise, the State Government is not in a position to take over this cement factory for restarting and running it. 3. The liability of the factory on its restart has been assesed and in the interest of restarting production of cement and also to provide employment to the workers, the Central Government had decided that it would be in the public interest to acquire the cement factory of this company and to transfer it to the Cement Corporation of India which is a public sector undertaking engaged in the manufacture and sale of cement. 4. The Bill seeks to give effect to the above object- Gaz. of Ind., 5-5-1981, Pt. II. S. 2 Ext., p. 361. An Act to provide for the acquisition and transfer of the undertakings of the Dalmia Dadri Cement Limited with a view to securing the proper management of such.....

Dalmia Dadri Cement Act 1981 Chapter IV

Title: Management, Etc., of the Undertakings of the Company

State: Central

Year: 1981

.....relation to which have vested in the Central Government under section 3, shall, where a direction has been made by the Central Government under sub-section (1) of section 6, vest in the Cement Corporation, and thereupon the Cement Corporation shall be entitled to exercise, to the exclusion of all other persons, all such powers and do all such things as the Company was authorised to exercise and 1 [do in relation to its undertakings, including the power to dispose off the assets of the undertakings of the Company vested upon it, by the notification of the Government of India, in the Ministry of Industry (Department of industrial Development) number S.O. 502(E), dated the 23rd June, 1981, under subsection (1) of section 6, if such disposal of the assets is considered necessary by the Cement Corporation due to legal or financial considerations]. _________________________________________ 1. Substituted for the following words "do in relation to its undertakings" by The Dalmia Dadri Cement Limited (Acquisition And Transfer Of Undertakings) Amendment Act, 2006 dtd. 29.12.2006 Section 10 - Duty to deliver possession of the undertakings of the Company and documents relating.....

Burmah Oil Company [Acquisition of Shares of Oil India Limited and of the Undertaking in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited ] Act , 1981 Chapter VI

Title: Miscellaneous

State: Central

Year: 1981

.....Government company to take all necessary steps for taking possession of all properties which have been transferred to, and vested in, it under this Act. Contracts to continue unless terminated by Central Government Section 15 - Contracts to continue unless terminated by Central Government (1) Every contract other than an Agreement referred to in sub section (6) of section 6 entered into by a specified company for any service sale or supply in India and in force immediately before the appointed day, shall unless terminated under sub-section (2) within a period of two years from the appointed day, continue to be of full force and effect against or in favor of the Central Government or as the case may be the successor Government company. (2) The Central Government may, if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or is detrimental to the interests of that Government or the successor Government company as the as may be by order in writing either terminate such contrast or make such alterations or modifications therein as it may think fit. Provided that the Central Government shall not terminate.....

Burmah Oil Company (Acquisition of Shares of Oil India Limited and of the Understakings in India or Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited) Act, 1981 Complete Act

State: Central

Year: 1981

.....Government company to take all necessary steps for taking possession of all properties, which have been transferred to. and vested in it under this Act. SECTION 15: CONTRACTS TO CONTINUE UNLESS TERMINATED BY CENTRAL GOVERNMENT - (1) Every contract, other than an Agreement referred to in sub-section (6) of section. entered into by a specified company for any service, sale or supply in India and into force immediately before the appointed day. shall, unless terminated under sub-section (2). within a period of two years from the appointed day. continue to be of full force .and effect against or in favour of the Central Government or. as the case may be. the successor Government company (2) The Central Government may. if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or is detrimental to the interests of that Government or the successor Government company as the case may, be. by order in writing; either terminate such contract or make such alterations or modifications therein as it may think in . Provided that the Central Government shall not terminate any contract or make any alteration or modification.....

Dalmia Dadri Cement Act 1981 Section 22

Title: Disbursement of Amounts to the Company

State: Central

Year: 1981

(1) If, out of the monies paid to him in relation to the undertakings of the Company, there is a balance left after meeting the liabilities as specified in the Schedule, the Commissioner shall disburse such balance to the Company. (2) Where the possession of any machinery, equipment or other property, has vested in the Central Government or the Cement Corporation under this Act, but such machinery, it shall be lawful for the Central Government or the Cement Corporation to continue to possess such machinery or equipment or other property on the same terms and conditions under which it was possessed by the Company immediately before the appointed day.

Burmah Oil Company [Acquisition of Shares of Oil India Limited and of the Undertaking in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited ] Act , 1981 Section 16

Title: Penalties

State: Central

Year: 1981

And person who- (a) having in his possession custody or control any property forming part of any undertaking in India of a specified company, wrongfully withholds such property from the Central Government or the successor Government company or (b) wrongfully obtains possession of or retains any property forming part of any undertaking in India of a specified company; or (c) wilfully withhold or fails to furnish to the Central Government or the successor Government company or any person specified by the Central Government or that company, any books documents or other papers relating to any undertaking in India of a specified company which may be in his possession custody or control or (d) fails to deliver to the Central Government or the successor Government company any assets, books of account registers or other documents in his possession custody or control relating to any undertaking in India of a specified company or (e) wrongfully removes or destroys any property forming part of any undertaking in India of a specified company, shall be punishable with imprisonment for a term which may extend to two years or with fine which may extend to ten thousand rupees or with

Dalmia Dadri Cement Act 1981 Chapter VII

Title: Miscellaneous

State: Central

Year: 1981

.....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, section 30 and section 31 may also be exercised by such person or persons as may be specified in the 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 28 - Penalties Any person who-- (a) having in his possession, custody or control any property forming part of any undertakings of the Company, wrongfully withholds such property from the Central Government or the Cement Corporation: or (b) wrongfully obtains possession of, or retains, any property forming part of, the undertakings of the Company; or (c) wilfully withholds or fails to furnish to the Central Government or the Cement Corporation or to any person or body of persons specified by that Central Government or the Cement Corporation, any assets, books of account, registers or other documents in his possession, custody or control, relating to the undertakings of the Company, which may be in.....