Bare Act Search Results

Lalit Kala Akadami Taking over of Management Act, 1997 Section 5

Title: No Right to Compensation for Premature Termination of a Contract

State: Central

Year: 1997

Notwithstanding anything contained in any law for the lime being in force, no person in respect of whom any contract of management or other arrangement is terminated by reason of the provisions contained in sub-section (3) of section 3 or who ceases to hold any office by reason of the provisions contained in sub-section (4) of that section, shall be entitled to claim any compensation for the premature termination of the contract of administration or other arrangement or for the loss of his office.

Lalit Kala Akadami Taking over of Management Act, 1997 Chapter II

Title: Taking over of the Management of the Lalit Kala Akadami

State: Central

Year: 1997

.....the management of the society or in relation to any matter arising in the course of such management. (4) Subject to the other provisions of this Act and the rules made thereunder and to the control of the Central Government, the Administrator shall he entitled, notwithstanding anything contained in the Societies Registration Act or in any other law for the time being in force, to exercise, in relation to the management of the society, the powers of the General Council, or, as the case may be, the Executive Board, including the powers to dispose of any property or assets of such society, whether such powers are derived under any law for the time being in force or from the memorandum and rules and regulations of the society or from any other source. (5) Every person having possession, custody or control of any property forming part of the society shall deliver forthwith such property to the Administrator. (6) Any person who, on the commencement of this Act has in his possession or under his control any bowks, papers, works of art or oilier documents relating to management of the society, including the minutes books containing the resolutions of the persons in charge of the.....

Lalit Kala Akadamy (Taking over of Management) Act, 1997 Complete Act

State: Central

Year: 1997

.....(a) "Administrator" means a person appointed as the Administrator under section 4; (b) "prescribed" means prescribed by rules made under this Act; (c) "Societies Registration Act" means the Societies Registration Act, 1860, as in force in the National Capital Territory of Delhi; (d) "society" means the Lalit Kala Akadami being a society registered under the Societies Registration Act; (e) words and expressions used herein and not defined, but defined in the Societies Registration Act shall have the meanings respectively assigned to them in that Act. SECTION 03: MANAGEMENT OF THE SOCIETY (1) On and from the commencement of this Act, and for a period of three years thereafter, the management of the society shall vest in the Central Government: Provided that if the Central Government is of opinion that in order to secure the proper management of the society, it is expedient that such management should continue to vest in the Central Government after the expiry of the said period of three years, it may, from time to time, issue directions for the continuance of such management for such period, not exceeding one year at a time, as it may think fit; so, however, that the total.....

Telecom Regulatory Authority of India Act, 1997 (24 of 1997) Chapter 2

Title: Telecom Regulatory Authority of India

State: Central

Year: 1997

.....be appointed by the Central Government.] (4) The head office of the Authority shall be at New Delhi. ______________________ 1. Substituted by Act 2 of 2000, section 4, for sub-section (3) (w.r.e.f. 24-1-2000). Section 4 - Qualifications for appointment of Chairperson and other members 1[4. Qualifications for appointment of Chairperson and other members The Chairperson and other members of the Authority shall be appointed by the Central Government from amongst persons who have special knowledge of, and professional experience in, telecommunication, industry, finance, accountancy, law, management or consumer affairs: Provided that a person who is, or has been, in the service of Government shall not be appointed as a member unless such person has held the post of Secretary or Additional Secretary, or the post of Additional Secretary and Secretary to the Government of India or any equivalent post in the Central Government or the State Government for a period of not less than three years.] ______________________ 1. Substituted by Act 2 of 2000, section 5, for section 4 (w.r.e.f. 24-1-2000). Section 5 - Term of office, conditions of service, etc., of Chairperson.....

Telecom Regulatory Authority of India Act, 1997 (24 of 1997) Section 5

Title: Term of Office, Conditions of Service, Etc., of Chairperson and Other Members

State: Central

Year: 1997

.....or agency of, a person engaged in trading, commercial, industrial or financial business in any field and includes also a director of a company or partner of a firm and it also includes setting up practice either independently or as partner of a firm or as an adviser or a consultant. ____________________ 1. Substituted by Act 2 of 2000, section 6, for sub-sections (2) and (3) (w.r.e.f. 24-1-2000). 2. Substituted by Act 2 of 2000, section 6, for "selection as member" (w.r.e.f. 24-1-2000). 3. Substituted by Act 2 of 2000, section 6, for "joining as member" (w.r.e.f. 24-1-2000). 4. Substituted by Act 2 of 2000, section 6, for "other members" (w.r.e.f. 24-1-2000). 5. Inserted by Act 2 of 2000, section 6 (w.r.e.f. 24-1-2000). 6. The words "or sub-section (3)" omitted by Act 2 of 2000, section 6 (w.r.e.f. 24-1-2000). 7. Substituted by Act 2 of 2000, section 6, for "other member" (w.r.e.f. 24-1-2000). 8. Substituted by Act 2 of 2000, section 6, for "two years" (w.r.e.f. 24-1-2000).

Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 Chapter II

Title: Transfer and Vesting of the Undertaking of Reconstruction Bank in Company

State: Central

Year: 1997

.....of the Reconstruction Bank have vested by virtue of this Act as it might have been enforced by or against the Reconstruction Bank if this Act had not been enacted and shall cease to be enforceable by or against the Reconstruction Bank. Section 5 - Provisions in respect of officers and other employees of Reconstruction Bank (1) Every officer or other employee of the Reconstruction Bank (except a Director of the Board or the Chairman and Managing Director) serving in the employment immediately before the appointed day shall, in so far as such officer or other employee is employed in connection with the undertakings which have vested in the Company by virtue of this Act, become, as from the appointed day, an officer or, as the case may be, other employee of the Company and shall hold his office or service therein by the same tenure, at the same remuneration, upon the same terms and conditions, with the same obligations and with the same rights and privileges as to leave, leave fare concession, welfare scheme, medical benefit scheme, insurance, provident fund, other funds, retirement, voluntary retirement, gratuity and other benefits as he would have held under the.....

Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 Section 5

Title: Provisions in Respect of Officers and Other Employees of Reconstruction Bank

State: Central

Year: 1997

.....the gratuity fund of the Reconstruction Bank and any other bodies created for the welfare of officers or employees would continue to discharge their functions in the Company as was being done hitherto in the Reconstruction Bank and any tax exemption granted to the provident fund or the gratuity fund would continue to be applied to the Company. (6) Notwithstanding anything contained in this Act or in the Companies Act, 1956 (1 of 1956) or in any other law for the time being in force or in the regulations of the Reconstruction Bank, no Director of the Board, Chairman and Managing Director or any other person entitled to manage the whole or substantial part of the business and affairs of the Reconstruction Bank shall be entitled to any compensation against the Reconstruction Bank or the Company for the toss of office or for the premature termination of any contract of management entered into by him with the Reconstruction Bank.

Lalit Kala Akadami Taking over of Management Act, 1997 Complete Act

Title: Lalit Kala Akadami Taking over of Management Act, 1997

State: Central

Year: 1997

Preamble1 - LALIT KALA AKADAMI TAKING OVER OF MANAGEMENT ACT, 1997 Chapter I Section1 - Short title and Commencement Section2 - Definitions Chapter II Section3 - Management of the Society Section4 - Administrator of Society Section5 - No right to compensation for premature termination of a contract Section6 - Relinquishment of administration of the society Section7 - Application of Act 21 of 1860 Chapter III Section8 - Penalties Section9 - Offences by Companies Section10 - Exclusion of period of operation of Act Section11 - Act to have overriding effect Section12 - Protection of action taken in good faith Section13 - Contracts in bad faith may be cancelled or varied Section14 - Power to terminate contract of employment Section15 - Power to make rules Section16 - Repeal and saving

Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 Complete Act

State: Central

Year: 1997

.....Trusts Act, 1882 (2 of 1882), the Insurance Act, 1938 (4 of 1938)-and the Banking Regulation Act, 1949 (10 of 1949)- SECTION 12: SUBSTITUTION IN ACTS, RULES OR REGULATIONS OF COMPANY IN PLACE OF THE RECONSTRUCTION BANK -In every Act, rule or regulation in force on the appointed day,- (a) for the words "Industrial Reconstruction Bank of India", wherever they occur, the words "Industrial Investment Bank of India Limited" shall be substituted, (b) for the words "Reconstruction Bank", wherever they occur, the words "Industrial Investment Bank" shall be substituted. SECTION 13: REPEAL AND SAVING OF ACT 62 OF 1984 - (1) On the appointed day, the Industrial Reconstruction Bank of India Act, 1984-shall stand repealed. (2) Notwithstanding the repeal of the Industrial Reconstruction Bank of India Act, 1984-- (a) the Company shall, so far as may be, comply with the provisions of Chapter VII of the Act so repealed for any of the purposes related to the annual accounts and audit of the Reconstruction Bank; (b) the provisions of Chapter VIII of the Act so repealed will continue to be applicable in respect of the arrangements entered into by the Reconstruction Bank with an industrial.....