Power - Sortby Old - Year 2002 - Bare Acts

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Chapter II

Title: Regulation of Securitisation and Reconstruction of Financial Assets of Banks and Financial Institutions

State: Central

Year: 2002

.....2004 2. Substituted for "such order of rejection or cancellation" by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004 Section 5 - Acquisition of rights or interest in financial assets (1) Notwithstanding anything contained in any agreement or any other law for the time being in force, any securitisation company or reconstruction company may acquire financial assets of any bank or financial institution-- (a) by issuing a debenture or bond or any other security in the nature of debenture, for consideration agreed upon between such company and the bank or financial institution, incorporating therein such terms and conditions as may be agreed upon between them; or (b) . by entering into an agreement with such bank or financial institution for the transfer of such financial assets to such company on such terms and conditions as may be agreed upon between them. (2) If the bank or financial institution is a lender in relation to any financial assets acquired under sub-section (1) by the securitisation company or the reconstruction company, such securitisation company or reconstruction company shall, on such acquisition, be deemed to be.....

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Competition Act, 2002 Section 63

Title: Power to Make Rules

State: Central

Year: 2002

.....(E) Dated 31.03.2003 2. Effective from 19.06.2003 by Notification No. SO 715(E) Dated 19.06.2003. 3. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] w.e.f. 12.10.2007. Prior to substitution it read as: "1 (a) the manner in which the Chairperson and other Members shall be selected under section 9;" 4. Omitted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. Prior to omission it read as: " 2 (c) the financial and administrative powers which may be vested in the Member Administration under section 13;" 5. Inserted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] w.e.f. 12.10.2007. 6. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] for the words "such other advisers, consultants or officers", w.e.f. 12.10.2007. 7. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] for the word "Registrar", w.e.f. 12.10.2007. 8. Clauses (h), (i) and (J) omitted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] w.e.f. 12.10.2007. Prior to omission it read as: "2 (h) for securing any case or matter which requires to be decided by a Bench composed of more than two Members.....

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Multi-state Co-operative Societies Act, 2002 Chapter II

Title: Central Registrar and Registration of Multi-state Co-operative Societies

State: Central

Year: 2002

.....require. Section 7 - Registration (1) If the Central Registrar is satisfied-- (a) that the application complies with the provisions of this Act and the rules; (b) that the proposed multi-State co-operative society satisfies the basic criterion that its objects are to serve the interests of members in more than one State; (c) that its bye-laws provide for social and economic betterment of its members through self-help and mutual aid in accordance with the co-operative principles; (d) that the proposed bye-laws are not contrary to the provisions of this Act and the rules, he may register the multi-State co-operative society and its bye-laws. (2) The application for registration shall be disposed of by the Central Registrar within a period of four months from the date of receipt thereof by him. (3) Where the Central Registrar refuses to register a multi-State co-operative society, he shall communicate, within a period of four months from the date of receipt of the application for registration, the order of refusal together with the reasons therefor to the applicant or applicants, as the case may be: Provided that no order of refusal shall be made unless the.....

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Multi-state Co-operative Societies Act, 2002 Section 3

Title: Definitions

State: Central

Year: 2002

.....of a multi-State co-operative society and includes a person admitted to membership after such registration in accordance with the provisions of this Act, the rules and the bye-laws; (o) "member co-operative" means a co-operative society or a multi-State co-operative society which is member of a federal co-operative; (p) "multi-State co-operative society" means a society registered or deemed to be registered under this Act and includes a national co-operative society and a federal co-operative; (q) "multi-State co-operative society with limited liability" means a society having the liability of its members limited by its bye-laws to the amount, if any, unpaid on the shares, respectively, held by them or to such -amount as they may, respectively, thereby undertake to contribute to the assets of the society, in the event of its being wound up; (r) "national co-operative society" means a multi-State co-operative society specified in the Second Schedule; (s) "notification" means a notification published in the Official Gazette; (t) "officer" means a president, vice-president, chairperson, vice-chairperson, managing director, secretary, manager, member of a board,.....

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Multi-state Co-operative Societies Act, 2002 Chapter I

Title: Preliminary

State: Central

Year: 2002

.....of a multi-State co-operative society and includes a person admitted to membership after such registration in accordance with the provisions of this Act, the rules and the bye-laws; (o) "member co-operative" means a co-operative society or a multi-State co-operative society which is member of a federal co-operative; (p) "multi-State co-operative society" means a society registered or deemed to be registered under this Act and includes a national co-operative society and a federal co-operative; (q) "multi-State co-operative society with limited liability" means a society having the liability of its members limited by its bye-laws to the amount, if any, unpaid on the shares, respectively, held by them or to such -amount as they may, respectively, thereby undertake to contribute to the assets of the society, in the event of its being wound up; (r) "national co-operative society" means a multi-State co-operative society specified in the Second Schedule; (s) "notification" means a notification published in the Official Gazette; (t) "officer" means a president, vice-president, chairperson, vice-chairperson, managing director, secretary, manager, member of a board,.....

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Competition Act, 2002 Section 66

Title: Repeal and Saving

State: Central

Year: 2002

.....the said Act (hereafter referred to as the repealed Act) shall stand dissolved: 9[***] (1A) The repeal of the Monopolies and Restrictive Trade Practices Act, 1969(54 of 1969) shall, however, not affect,-- (a) the previous operation of the Act so repealed or anything duly done or suffered thereunder; or (b) any right, privilege, obligation or liability acquired, accrued or incurred under the Act so repealed; or (c) any penalty, confiscation or punishment incurred in respect of any contravention under the Act so repealed; or (d) any proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty, confiscation or punishment as aforesaid, and any such proceeding or remedy may be instituted, continued or enforced, and any such penalty, confiscation or punishment may be imposed or made as if that Act had not been repealed.] (2) On the dissolution of the Monopolies and Restrictive Trade Practices Commission, the person appointed as the Chairman of the Monopolies and Restrictive Trade Practices Commission and every other, person appointed as Member and Director General of Investigation and Registration, Additional, Joint, Deputy, or Assistant.....

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Competition Act, 2002 Section 65

Title: Power to Remove Difficulties

State: Central

Year: 2002

165. Power to remove difficulties.-- (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette, make such provisions, not inconsistent with the provisions of this Act as may appear to it to be necessary for removing the difficulty: Provided that no such order shall be made under this section after the expiry of a period of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament. _______________________ 1. Effective from 19.06.2003 by Notification No. SO 715 (E) Dated 19.06.2003.

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Competition Act, 2002 Section 64

Title: Power to Make Regulations

State: Central

Year: 2002

.....agree in making any modification in the regulation, or both Houses agree that the regulation should not be made, the regulation shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that regulation. _______________________ 1. Effective from 19.06.2003 by Notification No. SO 715 (E) Dated 19.06.2003. 2. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] w.e.f. 12.10.2007. Prior to substitution it read as: "(d) the fee which may be determined under clause (a) of sub-section (1) of section 19; (e) any other matter in respect of which provision is to be, or may be, made by regulations."

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Competition Act, 2002 Section 61

Title: Exclusion of Jurisdiction of Civil Courts

State: Central

Year: 2002

161. Exclusion of jurisdiction of civil courts.-- No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the 2[Commission or the Appellate Tribunal] is empowered by or under this Act to determine and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any power conferred by or under this Act. _______________________ 1. Effective from 19.06.2003 by Notification No. SO 715 (E) Dated 19.06.2003. 2. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] for the word "Commission", w.e.f. 12.10.2007.

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Multi-state Co-operative Societies Act, 2002 Section 9

Title: Multi-state Co-operative Society to Be Body Corporate

State: Central

Year: 2002

(1) The registration of a multi-State co-operative society shall render it a body corporate by the name under which it is registered having perpetual succession and a common seal, and with power to acquire, hold and dispose of property, both movable and immovable, enter into contract, institute and defend suits and other legal proceedings and to do all things necessary for the purpose for which it is constituted, and shall, by the said name, sue or be sued. (2) All transactions entered into in good faith prior to the registration of a multi-State co-operative society shall be deemed to be its transactions after registration for furtherance of the objects of its registration.

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