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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

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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:

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Public Records Act, 1993 Preamble 1

Title : Public Records Act, 1993

State : Central

Year : 1993

THE PUBLIC RECORDS ACT, 1993 [Act, No. 69 of 1993] [21st December, 1993] PREAMBLE An Act to regulate the management, administration and preservation of public records of the Central Government, Union territory Administrations, public sector undertakings, statu­tory bodies and corporations, commissions and committees constituted by the Central Government or a Union territory Administration and matters connected therewith or incidental thereto. BE it enacted by Parliament in the Forty-fourth Year of the Republic of India as follows :

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

State : Central

Year : 1978

.....STEEL LIMITED TO CENTRAL GOVERNMENT On the appointed day, all the shares held by the Bokaro Steel Limited in the share capital of the Bharat Refactories Limited shall stand transferred to, and vest in, the Central Government. SECTION 09: TRANSFER OF SHARES HELD BY INTEGRAL COMPANY TO CENTRAL GOVERNMENT On the appointed day, all the shares held by the Integral Company in the share capital of each of the companies specified in the Second Schedule shall stand transferred to, and vest in, the Central Government. SECTION 10: TRANSFER OF SHARES HELD BY INTEGRAL COMPANY TO BHARAT REFRACTORIES LIMITED On the appointed day, all the shares held by the Integral Company in the share capital of the India Firebricks and Insulation Company Limited (a company formed and registered under the Companies Act having its registered office at Bombay in the State of Maharashtra) shall stand transferred to and vest in, the Bharat Refractories limited. SECTION 11: TRANSFER OF SHARES HELD BY CENTRAL GOVERNMENT TO INTEGRAL COMPANY On the appointed day, all the shares held by the Central Government in the share capital of the Indian Iron and Steel Company Limited (a company under the Companies Act.....

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Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981 Complete Act

State : Central

Year : 1981

.....ACT, 1981 DALMIA DADRI CEMENT LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1981 31 of 1981 15th September, 1981 The unsatisfactory state of functioning of Messrs. Dalmia Dadri Cement Limited, one of the cement factories in the country, located at Charkhi Dadri (Haryana) with a licensed capacity of 2.39 lakhs tonnes of cement per annum has been engaging the attention of the Central Government. Due to financial difficulties resulting from mismanagement the company has closed down production in 1975. As a result of the efforts made towards the rehabilitation of the company by the State Government, Central Government and financial institutions the company restarted its production in December 1975, the performance of the company had, however, not been satisfactory and an investigation, under the provisions of the Industries (Development and Regulation) Actwas carried out. The Investigating Committee had commented adversely on the functioning of this cement factory, Due to acute financial crisis, the management of this company had closed down the factory on 18th March, 1980 and the factory has been lying closed since then. 2. The factory has been located in a.....

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Central Industrial Security Force Act, 1968 Section 14

Title : Deputation of the Force to Industrial Undertakings in Public Sector Joint Venture or Private Sector

State : Central

Year : 1968

.....powers and be subject to the same responsibilities, discipline and penalties as would have been applicable to him under this Act, if he had been discharging those functions in relation to an industrial undertaking owned by the Central Government. __________________________ 1. Substituted for the words "Inspector-General" wherever it occurs by the Central Industrial Security Force (Amendment) Act (14 of 1983), Section 13 and Schedule (15-6-1983). 2. Words "Supervisory Officer and" in sub-section. (1) and words "officers and" in sub-section. (1), (2) and words "officer and" in sub-section. (3) omitted, by the Central Industrial Security Force (Amendment) Act (14 of 1983), Section 13 and Schedule (15-6-1983). 3. Inserted by the Central Industrial Security Force (Amendment) Act, 2009 4. Substituted by the Central Industrial Security Force (Amendment) Act, 2009 Previous text was "one month's notice"

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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.....

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Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980 Complete Act

State : Central

Year : 1980

.....needs of the economy of the country and for matters connected therewith or incidental thereto. WHEREAS Maruti Limited had been engaged in the manufacture and production of articles mentioned in the First Schedule to the Industries (Development and Regulation) Act. 1951, namely, automobiles, AND WHEREAS an order has been made for the winding up of the Company and proceedings for its liquidation are pending in the High Court of Punjab and Haryana; AND WHEREAS the undertakings of the Company have not been functioning: AND WHEREAS it is necessary to utilise the production facilities and equipment of the undertakings of the Company so as to increase the production of motor vehicles and generate employment in the interest of the general public; Be it enacted by Parliament in the Thirty-first Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called the Maruti Limited (Acquisition and Transfer of Undertakings). Act, 1980. (2) It shall be deemed to have come into force on the 13th day of October. 1980. SECTION 02: DEFINITIONS - In this Act, unless the context otherwise requires, (a) "appointed day" means the 13th day of October,.....

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Smith, Stanistreet and Company Limited (Acquisition and Transfer of Undertakings) Act Complete Act

State : Central

Year : 1977

.....41 of 1977 17th December 1977 STATEMENT OF OBJECTS AND REASONS Messrs. Smith, Stanistreet and Company Limited, Calcutta were engaged in the manufacture of drugs and pharmaceuticals which were essential to the needs of the country. The Company began to show steady decline in production from 1970 onwards and incurred considerable losses. The Company was also being mismanaged. After investigation into the affairs of the Company through an investigation Committee, the management of its undertakings was taken over on 4th May, 1972 by the Central Government acting under section 18A of the Industries Development and Regulation) Act. 1951. The Indian Drugs and Pharmaceuticals Ltd., a Public Sector Undertaking was appointed as authorised Controller. As the Company had to be modernised and expansion undertaken in order to ensure the augmentation and distribution of the different varieties of essential pharmaceuticals and chemicals produced; by the Company arid to ensure the continued supply thereof in public interest, it was necessary to acquire the right title and interest of the undertakings of the Company. This was done by the Smith, Stanistreet and Company Limited (Acquisition and.....

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Payment of Bonus Act, 1965 Section 20

Title : Application of Act to Establishments in Public Sector in Certain Cases

State : Central

Year : 1965

1 [(1)] If in any accounting year an establishment in public sector sells any goods produced or manufactured by it or renders any services, in competition with an establishment in private sector, and the income from such sale or services or both is not less than twenty per cent of the gross income of the establishment in public sector for that year, then, the provisions of this Act shall apply in relation to such establishment in public sector as they apply in relation to a like establishment in private sector. 2 [(2) Save as otherwise provided in sub-section (1), nothing in this Act shall apply to the employees employed by any establishment in public sector.] _______________________ 1. The brackets and figure (1) omitted by Act 23 of 1976, section 14 (w.r.e.f. 25-9-1975) and again section 20 re-numbered as sub-section (1) thereof by Act 66 of 1980, section 11 (w.e.f. 27-12-1980). 2. Sub-section (2) omitted by Act 23 of 1976, section 14 (w.r.e.f. 25-9-1975) and inserted by Act 66 of 1980, section 11 (w.e.f. 27-12-1980).

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