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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

.....Act, 1959, the Deposit Insurance and Credit Guarantee Corporation Act, 1961, the Export-Import Bank of India Act, 1981 and the National Housing Bank Act, 1987. BE it enacted by Parliament in the Fifty-seventh Year of the Republic of India as follows:-- CHAPTER I PRELIMINARY 1. Short title and Commencement.-- (1) This Act may be called the Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of this Act and any reference in such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. CHAPTER II AMENDMENTS TO THE BANKING COMPANIES (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1970 2. Amendment of section 3.-- In section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970(5 of 1970) (hereafter in this Chapter referred to as the Bank Nationalisation Act),-- (a) in sub-section (2B), for clause (c), the following shall.....

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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

.....by him in this behalf realise any asset and discharge any liability of the existing bank. (4) Unless otherwise expressly provided by this Act, all contracts, deeds, bonds, agreements, powers of attorney, grants of legal representation and other instruments of whatever nature subsisting or having effect immediately before the commencement of this Act and to which the existing bank is a party or which are in favour of the existing bank shall be of full force and effect against or in favour of the corresponding new bank, and may be enforced or acted upon as fully and effectually as if in the place of the existing bank the corresponding new bank had been a party thereto or as if they had been issued in favour of the corresponding new bank. (5) If, immediately before the commencement of this Act, any suit, appeal or other proceeding of whatever nature in relation to any business of the which has been transferred under section 4, is pending by or against the existing bank, the same shall not abate, be discontinued or be in any way, prejudicially affected by reason of the transfer of the undertaking of the existing bank or of anything contained in this Act but the suit,.....

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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

.....in excess of one per cent. of the total voting rights of all the shareholders holding preference share capital only.". Section 3 - Amendment of section 9 In section 9 of the Bank Nationalisation Act,-- (a) in sub-section (2), after clause (c), the following clause shall be inserted, namely:-- "(ca) the manner in which the excess number of directors shall retire under second proviso to clause (i) of sub-section (3);"; (b) in sub-section (3),-- (i) in clause (a), for the words "not more than two whole-time directors", the words "not more than four whole-time directors" shall be substituted; (ii) for clause (c), the following clause shall be substituted, namely:-- "(c) one director, possessing necessary expertise and experience in matters relating to regulation or supervision of commercial banks, to be nominated by the Central Government on the recommendation of the Reserve Bank;"; (iii) clause (d) shall be omitted; (iv) for clause (i), the following shall be substituted, namely:-- "(i) where the capital issued under clause (c) of sub-section (2B) of section 3 is -- (I) not more than sixteen per cent. of the total paid-up capital, one director; (II) more.....

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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

.....in excess of one per cent. of the total voting rights of all the shareholders holding preference share capital only.". Section 9 - Amendment of section 9 In section 9 of the Bank (Second) Nationalisation Act,-- (a) in sub-section (2), after clause (c), the following clause shall be inserted, namely:-- "(ca) the manner in which the excess number of directors shall retire under the second proviso to clause (i) of sub-section (3);"; (b) in sub-section (3),-- (i) in clause (a), for the words "not more than two whole-time directors", the words "not more than four whole-time directors" shall be substituted; (ii) for clause (c), the following clause shall be substituted, namely:-- "(c) one director, possessing necessary expertise arid experience in matters relating to regulation or supervision of commercial banks, to be nominated by the Central Government on the recommendation of the Reserve Bank;"; (iii) clause (d) shall be omitted; (iv) for clause (i), the following shall be substituted, namely:-- "(i) where the capital issued under clause (c) of sub-section (2B) of section 3 is -- (I) not more than sixteen per cent. of the total paid-up capital, one.....

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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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