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Public Sector Iron and Steel Companies (Restructuring) Complete Act

Title: Public Sector Iron and Steel Companies (Restructuring)

State: Central

Year: 1978

.....- Provisions relating to officers and other employees of dissolved companies Section15 - Provisions relating to officers and employees of transferred units Section16 - Provisions relating to directors Section17 - Provision relating to auditors Section18 - Compensation for transfer not payable Section19 - Provident Fund Section20 - Gratuity, welfare and other funds Chapter V Section21 - Provisions with respect to income-tax and sur-tax Section22 - Taxes, fees and other charges not payable Chapter VI Section23 - Savings of contracts etc Section24 - Saving of legal proceedings Section25 - Power to remove difficulties Section26 - Act to override the provisions of other laws Section27 - Power to amend memorandum and articles of association ScheduleI - SCHEDULE ScheduleII - SCHEDULE

Public Sector Iron and Steel Companies (Restructuring) Preamble 1

Title: Public Sector Iron and Steel Companies (Restructuring)and Miscellaneous Provisions Act, 1978

State: Central

Year: 1978

THE PUBLIC SECTOR IRON AND STEEL COMPANIES (RESTRUCTURING) AND MISCELLANEOUS PROVISIONS ACT, 1978 [Act, No.16 of 1978] [30th April, 1978] PREAMBLE An Act to provide for restructuring of the iron and steel companies in the public Sector so as to secure better management and grater efficiency in their working and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Twenty-ninth Year of the Republic of India as follows:

The Punjab State Legislature (Protection of Publication) Act, 1978 Complete Act

State: Punjab

Year: 1978

.....as otherwise provided in sub-section (2), no person shall be liable to any proceedings, civil or criminal, in any court in respect of the publication in a newspaper of a substantially true report of any proceedings of the State Legislature unless the publication is proved to have been made with malice. (2) Nothing in sub-section (1) shall be construed as protecting the publication of any matter, the publication of which is not for the public good. Section 4 - Act also to apply to State Legislature's proceedings broadcast by wireless telegraphy This Act shall apply in relation to reports or matters broadcast by means of wireless telegraphy as part of any programme or service provided by means of a broadcasting station situate within the territories of the State of Punjab as it applies in relation to reports or matters published in a newspaper. Punjab State Acts

West Bengal Legislative Assembly Proceedings (Protection of Publication) Act, 1978 Complete Act

State: West Bengal

Year: 1978

.....of reports of Assembly proceedings (1) Save as otherwise provided in sub-section (2), no person shall be liable to any proceedings civil or criminal, in any court in respect of publication in a newspaper of a substantially true report of any proceedings of the West Bengal Legislative Assembly, unless the publication is proved to have been made with malice. (2) Nothing in sub-section (1) shall be construed as protecting the publication of any matter which is not for the public good. Section 4 Act also to apply to proceedings broadcast by wireless telegraphy The Act shall also apply in relation to reports or matters broadcast by means of wireless telegraphy as part of any programme or service provided by means of a broadcasting station as it applies in relation to reports or matters published in a newspaper. West Bengal State Acts

Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978 Complete Act

State: Central

Year: 1978

.....(1) In this Act, unless the context otherwise requires,- (a) "appointed day" means the date on which this Act comes into force: (b) "Companies Act" means the Companies Act, 1956-; (c) "corresponding unit", in relation to- (i) the Integral Company, means that unit of the Integral Company which corresponds to the unit of the dissolved company or the transferred company in which the concerned officer or other employee was holding office before the transfer of the said unit; (ii) a transferee company, means that unit of a transferee company which corresponds to the unit of the dissolved company in which the concerned officer or other employee was holding office before the transfer of the said unit; (d) "dissolved company" means a company specified in the First Schedule; (e) "Integral Company" means the Steel Authority of India Limited, a company formed and registered under the Companies Act having its registered office at New Delhi; (f) "transferee company" means the company to which the undertakings of a dissolved company or of a transferred unit, as the case may be, stand transferred by virtue of the provisions of this Act; (g) "transferred company" means,- (i) Metallurgical.....

The Kerala Public Service Commission (Additional Functions as Respects the Service Under Local Authorities) Amendment Act, 1978 [1] Complete Act

State: Kerala

Year: 1978

.....ACT, 1978 [1] THE KERALA PUBLIC SERVICE COMMISSION (ADDITIONAL FUNCTIONS AS RESPECTS THE SERVICE UNDER LOCAL AUTHORITIES) AMENDMENT ACT, 1978 [1] (Act 30 Of 1978) An Act to amend the Kerala Public Service Commission (Additional Functions as Respects the services under Local Authorities) Act, 1973. Preamble." Whereas it is expedient to amend the Kerala Public Service Commission (Additional Functions as Respects the Services under Local Authorities ) Act, 1973, for the purpose hereinafter appearing; Be it enacted in the Twenty-ninth Year of the Republic of India as follows: " 1. Short title and commencement." (1) This Act may be called the Kerala Public Service Commission (Additional Functions as Respects the Services under Local Authorities) Amendment Act, 1978. (2) It shall come into force on such date as the Government may, by notification in the Gazette, appoint. 2. Amendment of section2." In clause (b) of section 2 of the Kerala Public Service Commission (Additional Functions as Respects the Services under Local Authorities)Act, 1973 (23 of 1973), the words, figures and brackets "and includes the Kerala State Rural Development Board constituted under the.....

Public Sector Iron and Steel Companies (Restructuring) Chapter I

Title: Preliminary

State: Central

Year: 1978

..... (2) Words and expressions used herein and not defined but defined in the Companies Act have the meaning respectively assigned to them in that Act. Section 3 - Undertaking meaning of For the purposes of this Act, the undertaking of a dissolved company or of a transferred unit shall be deemed to include all assets, rights, leaseholds (including mining leases, if any), industrial or other licences, powers, authorities and privileges and all property, movable and immovable, including lands, buildings, works, mines, workshops, projects, smelters, stores, instruments machinery, automobiles and other vehicles, cash or bank balances, cash in hand, investments, and book debts and all other rights and interests in or arising out of, such property as were immediately before the appointed day in the ownership possession, power or control of the dissolved company or the transferred unit, as the case may be (whether within or without India), and all books of account, registers, maps, drawings, records of survey and all other documents of whatever nature relating thereto, and shall also be deemed to include all borrowings, liabilities and obligations of whatever kind of the dissolved.....

Public Sector Iron and Steel Companies (Restructuring) Section 1

Title: Short Title and Commencement

State: Central

Year: 1978

( 1) This Act may be called the Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978. (2) It shall come into force on such date1as the Central Government may, by notification in the Official Gazette, appoint. ________________________ 1. 1-5-1978

Public Sector Iron and Steel Companies (Restructuring) Section 21

Title: Provisions with Respect to Income-tax and Sur-tax

State: Central

Year: 1978

.....asset forming part of any undertaking belonging to the transferred unit or, as the case may be, the Hindustan Steel Limited is, in pursuance of section 5 or section 6 or section 7, transferred to, and vests in, the Integral Company or the Bharat Refractories Limited or, as the case may be, the Metallurgical and Engineering Consultants (India) Limited such capital asset shall be deemed to have been transferred in a scheme of amalgamation and the provisions of the Income-tax Act shall, so far as may be, apply accordingly as if references in the said Act to the amalagamating company were references to the transferred unit or, as the case may be, the Hindustan Steel Limited and the references to the amalgamated company, being an Indian company, were references to the Integral Company or the Bharat Refractories Limited or, as the case may be, the Metallurigical and Engineering Consultants (India) Limited. (6) The accumulated loss and the unabsorbed depreciation, if any, of any dissolved company shall be deemed to be the loss or, as the case may be, allowance for depreciation of the Integral Company for the previous year in which the undertaking of the dissolved company vested.....

Public Sector Iron and Steel Companies (Restructuring) Section 17

Title: Provision Relating to Auditors

State: Central

Year: 1978

Every person appointed under section 619 of the Companies Act as an auditor of a dissolved company or of a transferrred unit, holding office immediately before the appointed day, may continue to hold office as such auditor in the corresponding unit of the Integral Company or of any other transferee company, as the case may be for duration for which he was so appointed, on the same terms and conditions as were applicable to him immediately before the appointed day.