Bare Act Search Results

Oil Industry Development Act 1974 Chapter I

Title: Preliminary

State: Central

Year: 1974

.....from oil condensate and gas or petroleum hydrocarbons not specified, hereinbefore; (n) "prescribed" means prescribed by rules made under this Act. Section 2 - Definitions In this Act, unless the context otherwise requires,-- (a) "assistance" means assistance rendered under section 6; (b) "Board" means the Oil Industry Development Board established under section 3; (c) "Chairman" means the Chairman of the Board; (d) "Court" means the High Court or the Court of Judicial Commissioner within the local limits of whose jurisdiction the defendant or respondent carries on the whole or a substantial part of his business, and where the Central Government has, by notification in the Official Gazette, and subject to such restrictions, limitations and conditions as it thinks fit, empowered any court of civil jurisdiction subordinate to the High Court or, as the case may be, the Court of the Judicial Commissioner, to exercise all or any of the powers conferred by this Act, such court; (e) "crude oil" means petroleum in its natural state before it is refined or otherwise treated but from which water and foreign substances have been extracted; (f) "fertilisers" means such.....

Oil Industry Development Act 1974 Section 2

Title: Definitions

State: Central

Year: 1974

.....or petroleum hydrocarbons not specified, hereinbefore; (n) "prescribed" means prescribed by rules made under this Act. OIL INDUSTRY DEVELOPMENT ACT 1974 Section 2 - Definitions In this Act, unless the context otherwise requires,-- (a) "assistance" means assistance rendered under section 6; (b) "Board" means the Oil Industry Development Board established under section 3; (c) "Chairman" means the Chairman of the Board; (d) "Court" means the High Court or the Court of Judicial Commissioner within the local limits of whose jurisdiction the defendant or respondent carries on the whole or a substantial part of his business, and where the Central Government has, by notification in the Official Gazette, and subject to such restrictions, limitations and conditions as it thinks fit, empowered any court of civil jurisdiction subordinate to the High Court or, as the case may be, the Court of the Judicial Commissioner, to exercise all or any of the powers conferred by this Act, such court; (e) "crude oil" means petroleum in its natural state before it is refined or otherwise treated but from which water and foreign substances have been extracted; (f) "fertilisers" means.....

Oil Industry (Development) Act, 1974 Complete Act

State: Central

Year: 1974

.....under section 10-in respect of such concern shall be entitled to any compensation for the loss of office or for the premature termination under this Act of the contract entitling him to be in charge of such management. (2) Nothing contained in sub-section (1) shall affect the right of any Director or other person referred to therein to recover from the oil industrial concern moneys recoverable otherwise than by way of such compensation. (1) Where the management of an oil industrial concern, being a company as defined in the Companies Act, 1956-, is taken over by the Board, 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 such concern; (b) no resolution passed at any meeting of the shareholders of such concern shall be given effect to unless approved by the Board; (c) no proceeding for the winding up of such concern or for the appointment of a receiver in respect thereof shall lie in any court, except with the consent of the Board. (2) Subject to the provisions contained.....