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Chit Funds Act, 1982 Section 72

Title: Private Transfer of Property Made After Issue of Certificate Void Against Foreman

State: Central

Year: 1982

Any private transfer or delivery of, or encumbrance or charge on property made or created after the issue of the certificate by the Registrar under section 71 shall be null and void against the foreman on whose application the said certificate was issued.

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Amending Act 1

Title: Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006

State: Central

Year: 1970

.....thereafter until his successor shall have been duly elected" shall be omitted. 15. Amendment of section 21A.-- In section 21A of the State Bank Act, in sub-section (1), the words "and thereafter until his successor has been duly nominated" shall be omitted. CHAPTER V AMENDMENTS TO THE STATE BANK OF INDIA (SUBSIDIARY BANKS) ACT, 1959 16. Amendment of section 26 of Act 38 of 1959.-- In section 26 of the State Bank of India (Subsidiary Banks) Act, 1959,-- (a) in sub-section (2), the words "and thereafter until his successor is duly elected" shall be omitted; (b) in sub-section (2A), for the words "and thereafter until his successor shall have been duly nominated or appointed", the words "and thereafter until his successor shall have been duly appointed" shall be substituted. CHAPTER VI AMENDMENTS TO CERTAIN OTHER ENACTMENTS 17. Amendment of section 6 of Act 47 of 1961.-- In section 6 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961, in sub-section (2), in clause (ii), the words "and thereafter until his successor assumes office" shall be omitted. 18. Amendment of section 6 of Act 28 of 1981.-- In section 6 of the Export-Import Bank of.....

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Amending Act 1

Title: Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006

State: Central

Year: 1980

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Chapter II

Title: Transfer of the Undertakings of Existing Banks and Share Capitals of the Corresponding New Banks

State: Central

Year: 1980

.....11 of the Depositories Act,1996,shall be deemed to be a register of shareholders for the purposes of this act. Explanation. - For the purposes of section 3,section 3A and this section , the expressions "benificial owner"."depository" and "registered owner" shall have the meanings respectively assigned to them in clauses (a),(e) and (j) of sub-section (1) of section 2 of the Depositories Act,1996.] ________________________ 1. Substituted by Act 37 of 1994, section 3, for "TRANSFER OF THE UNDERTAKINGS F EXISTING BANKS" w.e.f. 15-7-1994 2. Substituted by Act 37 of1994, section 4, for sub-section (2A) and (3) w.e.f. 15-7-1994. Earlier sub-section (2A) was inserted by 81 of 1985, Section 13 w.e.f. 30-12-1985. 3. Inserted by Act 37 of 1994, Section 4 w.e.f. 5-7-1994 4. Inserted by Act 8 of 1995, section 2 w.r.e.f. 21-1-1995 5. Inserted by Act 37 of 1994, section 4 w.e.f. 15-7-1994. 6. Substituted by Act 1 of 1984, section 71, for "one or more forms of business" w.e.f. 15-2-1984. 7. Inserted by Act 1 of 1984, section 71 w.e.f. 15-2-1984 8. Inserted by Act 37 of 1994, section 5 w.e.f. 15-7-1994. 9. Inserted by Depositories Related Laws (Amendment) Act ,1997 w.e.f.....

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Gresham and Craven of Indian (Private) Limited (Acquisition and Transfer of Undertakings) Act, 1977 Preamble 1

Title: Gresham and Craven of Indian (Private) Limited(Acquisition and Transfer of Undertakings) Act, 1977

State: Central

Year: 1977

.....Limited for the purpose of ensuring the continuity of production of goods which are vital to the needs of the Railways and of the industries manufacturing engineering products and for matters connected therewith or incidental thereto. WHEREAS MESSRS.Gresham and Craven of India (Private) Limited were engaged in the manufacture and production of components of rolling stock like vacuum brake equipment, ejectors, steam brake valves and vacuum exhausters and the like needed by the Railways and the industries manufacturing engineering products; AND WHEREAS as a result of the losses suffered by the Company, there had been a closure of the works owned by the Company; AND WHEREAS for the purposes of speedily bringing the closed works of the Company into operation, the management of the undertakings of the Company was taken over by the Central Government for a limited period under section 18A of the Industries (Development and Regulation) Act, 1951 (65 of 1951.); AND WHEREAS it is necessary to acquire the undertakings of the Company to ensure the continuance of the production of goods which are vital to the needs of the Railways and of the industries manufacturing engineering.....

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Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Chapter II

Title: Amendments to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970

State: Central

Year: 2006

.....of the corresponding new bank whose Board of Directors had been superseded, call annual general meeting in accordance with the provisions of this section.". Section 6 - Insertion of new section 10B After section 10A of the Bank Nationalisation Act, the following section shall be inserted, namely:-- '10B. Transfer of unpaid or unclaimed dividend to Unpaid Dividend Account.--(1) Where, after the commencement of the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, a dividend has been declared by a corresponding new bank but has not been paid or claimed within thirty days from the date of declaration, to, or by, any shareholder entitled to the payment of the dividend, the corresponding new bank shall, within seven days from the date of the expiry of such period of thirty days, transfer the total amount of dividend which remains unpaid or unclaimed within the said period of thirty days, to a special account to be called "Unpaid Dividend Account of ... (the name of the corresponding new bank).". Explanation.--In this sub-section, the expression "dividend which remains unpaid" means any dividend the warrant in.....

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Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006 Chapter III

Title: Amendments to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

State: Central

Year: 2006

.....of the corresponding new bank whose Board of Directors had been superseded, call annual general meeting in accordance with the provisions of this section.". Section 12 - Insertion of new section 10B After section 10A of the Bank (Second) Nationalisation Act, the following section shall be inserted, namely:-- '10B. Transfer of unpaid or unclaimed dividend to Unpaid Dividend Account.--(1) Where, after the commencement of the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, a dividend has been declared by a corresponding new bank but has not been paid or claimed within thirty days from the date of declaration, to, or by, any shareholder entitled to the payment of the dividend, the corresponding new bank shall, within seven days from the date of the expiry of such period of thirty days, transfer the total amount of dividend which remains unpaid or unclaimed within the said period of thirty days, to a special account to be called "Unpaid Dividend Account of ... (the name of the corresponding new bank)". Explanation.--In this sub-section, the expression "dividend which remains unpaid" means any dividend the.....

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Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Section 13

Title: Avoidance of Transfer or Surrender After 29th December, 1977

State: Central

Year: 1979

.....Custodian, as the case may; be, and notwithstanding anything contained in any other law or agreement or instrument relating to any; such property, right or interest, the Central Government or the Custodian, as the case may be, shall, on and after the appointed day, be entitled to such property, right or interest on the same terms and conditions on which either of the two companies or East Coast Gas Company would have been entitled to such property, right or interest if it had not transferred, delivered, relinquished or surrendered the same and this Act had not been passed: Provided that nothing in this section shall apply; to any property, goods, right or interest, transferred, delivered, relinquished or surrendered in good faith and for sufficient monetary; consideration.

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

Title: Gresham and Craven of Indian (Private) Limited (Acquisition and Transfer of Undertakings) Act, 1977

State: Central

Year: 1977

..... Section21 - Disbursement of money by the Commissioner to claimants Section22 - Disbursement of amounts to the Company Section23 - Undisbursed or unclaimed amount to be deposited to the general revenue account Chapter VII Section24 - Act to have overriding effect Section25 - Contracts to cease to have effect unless ratified by the Central Government or the Braithwaite and Company Limited or Government company Section26 - Protection of action taken in good faith Section27 - Delegation of powers Section28 - Penalties Section29 - Offences by companies Section30 - Power to make rules Section31 - Power to remove difficulties Section32 - Declaration as to the policy of the State Section33 - Repeal and saving ScheduleI - SCHEDULE

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Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed] Complete Act

Title: Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Act, 1979 [Repealed]

State: Central

Year: 1979

Preamble1 - PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) ACT, 1979 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Management of the undertakings of the two companies to vest in Central Government Section4 - Appointment of Custodian to take over management of the undertakings of the two companies Section5 - Payment of amount Chapter III Section6 - Application of Act 1 of 1956 Section7 - Penalties Section8 - Offences by companies Section9 - Exclusion of period of operation of Act Section10 - Act to have over-riding effect Section11 - Protection of action taken in good faith Section12 - Contracts in bad faith, etc., to be terminated or modified Section13 - Avoidance of transfer or surrender after 29th December, 1977 Section14 - Power to terminate contract of employment Section15 - Power to remove difficulties Section16 - Power to make rules Repealing Act1 - PAREL INVESTMENTS AND TRADING PRIVATE LIMITED AND DOMESTIC GAS PRIVATE LIMITED (TAKING OVER OF MANAGEMENT) REPEAL ACT, 2005

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