Bare Act Search Results

Caltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 14

Title: Duty to Deliver Possession of Properties, Etc

State: Central

Year: 1977

.....who, immediately before such vesting, has, in his possession, custody or control, any books, documents or other papers relating to the undertakings of Caltex (India) in India, shall be liable to account for the said books, documents and papers to the Central Government or the successor Government company, as the case 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.

Lady Hardinge Medical College and Hospital (Acquisition) and Miscellaneous Provisions Act, 1977 Section 13

Title: Duty to Deliver Possession of Property, Etc.

State: Central

Year: 1977

.....documents or other papers relating to the Lady Hardinge Medical College and Hospital, or the Kalavati Saran Hospital, shall be liable to account for the said books, documents and papers to the Central Government and shall deliver them up to the Central Government or to such officer or other person as may be authorised by the Central Government in this behalf. (2) Without prejudice to the other provisions contained in this section, it shall be lawful for the Central Government to take all necessary steps for taking possession of all properties and assets which have been transferred to, and vested in, it under this Act, or in relation to which the management has been assumed by it under this Act.

The Kerala Debt Relief Act, 1977 (Act 17 of 1977) [1] Complete Act

State: Kerala

Year: 1977

THE KERALA DEBT RELIEF ACT, 1977 (ACT 17 OF 1977) [1] THE KERALA DEBT RELIEF ACT, 1977 (ACT 17 OF 1977) [1] An Act to provide relief from indebtedness to certain persons in the State of Kerala . Preamble. - WHEREAS it is expedient to provide relief from indebtedness to certain persons in the state of Kerala; BE it enacted in the Twenty-eighth Year of the Republic of India as follows: - 1. Short title, extent and commencement. - (1) This Act may be called the Kerala Debt Relief Act, 1977. (2) It extends to the whole of the State of Kerala . (3) It shall be deemed to have come into force on the 13 th day of January, 1977. 2. Definitions. - In this Act, unless the context otherwise requires, - (1) "appellate authority" means an appellate authority appointed under section 6; (2) "creditor" shall include the heirs, legal representatives and assigns of the creditor; (3) "debt" means any liability in cash or kind, whether secured or unsecured, due from or incurred by a debtor on or before the date of commencement of this Act, whether payable under a contract, or under a decree or order of any court, or otherwise, and subsisting on that date but does not include - any sum.....

Caltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited) Act, 1977 Complete Act

State: Central

Year: 1977

.....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 entered into by Caltex (India) 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 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, cither terminate such contract or make such alterations or modifications therein as it may think fit: Provided that the Central Government shall not terminate any contract or make any alteration or modification therein except after giving to the parties to the contract, a reasonable.....

Caltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Chapter VI

Title: Miscellaneous

State: Central

Year: 1977

.....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 entered into by Caltex (India) 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 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 in 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 fit: Provided that the Central Government shall not terminate any contract or make any alteration or modification therein except after giving to the parties to the contract, a reasonable.....

Gresham and Craven of India (Private) Limited (Acquisition and Transfer of Undertakings) Act, 1977 Complete Act

State: Central

Year: 1977

.....took over the management of the company on the 31st March, 1971, under the provisions of Section 18A of the Industries (Development and Regulation) Act, 1951. The factory was reopened on the 12th April, 1971. The company is mainly engaged in the manufacture of rolling stock components of the Indian Railways, such as vacuum brake equipment, ejectors, steam valves, vacuum exhausters etc. After takeover of the management by the Central Government, there had been considerable progress in the production performance of the company. The actual production for the year 1976-77 had been of the order of Rs. 177 lakhs. After careful consideration of the whole matter, the Government decided to acquire the undertakings of this company. At the time of takeover of the management of the company, it was clear that it was not possible for the company to meet all its past dues. Accordingly, moratorium was imposed on the 14th August, 1972 in accordance with the provisions ofSec. 18FB of the Industries (Development and Regulation) Act, 1951, on realisation of the dues from the company. The period of this moratorium which cannot exceed five years in aggregate, expired on the 13th August. 1977, since.....

Lady Hardinge Medical College and Hospital (Acquisition) and Miscellaneous Provisions Act, 1977 Complete Act

State: Central

Year: 1977

.....the Central Government as it might have been enforced by or against the Treasurer or the Board of Administration or such other person if this Act had not been enacted, and shall cease to be enforceable by or against the Treasurer or the Board of Administration or such other person. SECTION 04: PAYMENT OF AMOUNT (1) The Central Government shall give, in cash, to the Treasurer an amount equivalent to the sum of rupees one lakh for the transfer to, and vesting in, the Central Government, under section 3-, of the Lady Hardinge Medical College and Hospital. (2) The amount, referred to in sub-section (1), shall be paid within three months from the appointed day (hereafter in this section referred to as the specified period). (3) The amount, referred to in sub-section (1), if not paid within the specified period, shall carry interest at the rate of four per cent. per annum from the date of expiry of the specified period until the payment thereof. SECTION 05: LADY HARDINGE MEDICAL COLLEGE AND HOSPITAL TO BE ADMINISTERED AS GOVERNMENT INSTITUTION On and from the appointed day, the Lady Hardinge Medical College and Hospital shall be administered by the Central Government as a.....

THE ENGINEERING TECHNICIANS' COOPERATIVE SOCIETIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1977 [1] Complete Act

State: Kerala

Year: 1977

.....AND TRANSFER OF UNDERTAKINGS) ACT, 1977 [1] The Engieering Technicians' Co-Operative Societies (Acquisition And Transfer Of Undertakings) Act, 1977 [1] (Act 20 Of 1977) An Act to provide for the acquisition of the undertakings of the Kerala State Engineering Technicians (Workshop) Industrial Co-operative Society Limited S. Ind. (ST) No.1 and the societies promoted by it and for matters connected therewith or incidental thereto. Preamble. -WHEREAS the Kerala State Engineering Technicians (Workshop) Industrial Co-operative Society Ltd., S. Ind. (ST) No.1, a society deemed to be registered under the Kerala Co-operative Societies Act, 1969, with the whole of the State of Kerala as the area of its operation, and having as its object the taking up and running of Industrial Projects with a view to providing employment opportunities to Engineers, Technicians, etc., based on the concept of share-participation-cum-employment (hereinafter referred to as the ENCOS) took up the implementation of a number of Industrial Projects; AND WHEREAS the ENCOS had promoted the registration of the Kerala Auto Industrial Co-operative Limited IND. (EP) No.1 Trivandrum, the Co-operative Societies.....

Lady Hardinge Medical College and Hospital (Acquisition) and Miscellaneous Provisions Act, 1977 Chapter IV

Title: Miscellaneous

State: Central

Year: 1977

.....assets which have been transferred to, and vested in, it under this Act, or in relation to which the management has been assumed by it under this Act. Section 14 - Penalty Any person who, -- (a)having in his possession, custody or control any property held for the purposes of the Lady Hardinge Medical College and Hospital or the Kalavati Saran Hospital, wrongfully withholds such property from the Central Government; or (b)wrongfully obtains possession of, or retains, any property held for the purposes of the Lady Hardinge Medical College and Hospital, or the Kalavati Saran Hospital; or (c)wilfully withholds or fails to furnish to the Central Government any books, documents or other papers relating to the Lady Hardinge Medical College and Hospital or the Kalavati Saran Hospital; or (d)fails to deliver to the Central Government any assets, books or other documents in his possession, custody or control relating to the Lady Hardinge Medical College and Hospital or the Kalavati Saran Hospital; or (e)wrongfully removes or destroys any property held for the purposes of the Lady Hardinge Medical College and Hospital or the Kalavati Saran Hospital; or (f)wrongfully uses.....

Smith, Stanistreet and Company Limited (Acquisition and Transfer of Undertakings) Act Complete Act

State: Central

Year: 1977

.....the Central Government or the Government company shall not omit. to ratify a contract, and shall not make any alteration or modification in a contract, unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interests of the Central Government or Government Company. (2) The Central Government or Government company shall not omit to ratify a contract, and shall not make any alteration or modification therein, except after giving to the parties to the contract a reasonable opportunity of being heard and, except after recording in writing its reasons for refusal to ratify the contract or for making any alteration or modification therein. SECTION 27: PENALTIES Any person who,- (a) having in his possession, custody or control any property forming part of the undertakings of the Company wrongfully withholds such property from the Central Government or the Government company or any person or body of persons authorised by that Government or Government company; or (b) wrongfully obtains possession, of or retains, any property forming part of the undertakings of the Company or wilfully withholds or fails to furnish to.....