Bare Act Search Results

Competition Act, 2002 Chapter 2

Title: Prohibition of Certain Agreements, Abuse of Dominant Position and Regulation of Combinations

State: Central

Year: 2002

.....of the Explanation to section 5.]] ___________________________________________ 1. Substituted for the following by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. "(1) No enterprise shall abuse its dominant position." 2. Substituted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007] for the words, brackets and figure "under sub-section (1), if an enterprise". 3. Inserted by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. 4. Effective date :20th May 2009- notified vide Ministry of Corporate Affairs Notification No S.O.1241(E) dated 15.05.2009. Section 5 - Combination Regulation of combinations 5. Combination.-- The acquisition of one or more enterprises by one or more persons or merger or amalgamation of enterprises shall be a combination of such enterprises and persons or enterprises, if-- (a) any acquisition where-- (i) the parties to the acquisition, being the acquirer and the enterprise, whose control shares, voting rights or assets have been acquired or are being acquired jointly have,-- (A) either, in India, the assets of the value of more than rupees one thousand crores or turnover more than.....

Competition Act, 2002 Section 5

Title: Combination

State: Central

Year: 2002

.....referred to in sub-section (5) of section 3. ___________________________________ 1. Substituted for the following by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. "(B) in India or outside India, in aggregate, the assets of the value of more than five hundred million US dollars or turnover more than fifteen hundred million US dollars; or" 2. Substituted for the following by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. "(B) in India or outside India, in aggregate, the assets of the value of more than two billion US dollars or turnover more than six billion US dollars; or" 3. Substituted for the following by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. "(B) in India or outside India, in aggregate, the assets of the value of more than five hundred million US dollars or turnover more than fifteen hundred million US dollars; or" 4. Substituted for the following by the Competition (Amendment) Act, 2007 [Act No. 39 of 2007]. "(B) in India or outside India, in aggregate, the assets of the value of more than two billion US dollars or turnover more than six billion US dollars; or" 5. Substituted for the following by the.....

Competition (Amendment) Act 2007 Section 4

Title: Amendment of Section 5

State: Central

Year: 2007

In section 5 of the principal Act, -- (i) in clause (a),--- (a) in sub-clause (i), for item (B), the following item shall be substituted, namely:-- "(B) in India or outside India, in aggregate, the assets of the value of more than five hundred million US dollars, including at least rupees five hundred crores in India, or turnover more than fifteen hundred million US dollars, including at least rupees fifteen hundred crores in India; or"; (b) in sub-clause (ii), for item (B), the following item shall be substituted, namely:-- "(B) in India or outside India, in aggregate, the assets of the value of more than two billion US dollars, including at least rupees five hundred crores in India, or turnover more than six billion US dollars, including at least rupees fifteen hundred crores in India; or"; (ii) in clause (b),-- (a) in sub-clause (i), for item (B), the following item shall be substituted, namely:-- "(B) in India or outside India, in aggregate, the assets of the value of more than five hundred million US dollars, including at least rupees five hundred crores in India, or turnover more than fifteen hundred million US dollars, including at least rupees fifteen.....

Competition Act, 2002 Complete Act

State: Central

Year: 2002

.....or market therefor; or (ii) technical or scientific development relating to goods or services to the prejudice of consumers; or (c) indulges in practice or practices resulting in denial of market access; or (d) makes conclusion of contracts subject to acceptance by other parties of supplementary obligations which, by their nature or according to commercial usage, have no connection with the subject of such contracts; or (e) uses its dominant position in one relevant market to enter into, or protect, other relevant market. Explanation.-For the purposes of this section, the expression - (a) "dominant position" means a position of strength, enjoyed by an enterprise, in the relevant market, in India, which enables it to- (i) operate independently of competitive forces prevailing in the relevant market; or (ii) affect its competitors or consumers or the relevant market in its favour; (b) "predatory price" means the sale of goods or provision of services, at a price which is below the cost, as may be determined by regulations, or production of the goods or provision of services, with a view to reduce competition or eliminate the competitors. SECTION 05: COMBINATION. -The.....

The Indraprastha Vishwavidyalaya Act, 1998 Complete Act

State: Delhi

Year: 1998

.....Private Institutions affiliated with the Guru Gobind Singh Indraprastha University. ACT NO. 9 OF 1998 THE INDRAPRASTHA VISHWAVIDYALAYA ACT, 1998 AN ACT To establish and incorporate an affiliating and teaching University at Delhi to facilitate and promote studies, research and extension work in emerging areas of higher education with focus on professional education, for example engineering, technology, management studies, medicine, pharmacy, nursing, education, law, etc., and also to achieve excellence in these and connected fields and other matters connected therewith or incidental thereto. BE it enacted by the Legislative Assembly of the National Capital Territory of Delhi in the forty-ninth year of the Republic of India as follows:- (As amended by the Indraprastha Vishwavidyalaya (Second Amendment) Act, 1999.) (1) This Act may be called the Guru Gobind Singh Indraprastha University Act, 1998. (2) It shall come into force on such date as the Government may, by notification in the official Gazettee, appoint. 2. In this Act, unless the context otherwise requires, - (a) "Academic Council" means the Academic Council of the University ; (b) "academic.....

Esso (Acquisition of Undertakings in India) Act, 1974 Schedule II

Title: Second Schedule

State: Central

Year: 1974

THE SECOND SCHEDULE (See Section 8) 1. The amount specified in section 8 shall be deemed to correspond to thirty lakhs, eighty-four thousand, six hundred and ninety dollars (hereafter in this Schedule referred to as the principal amount). 2. The amount referred to in the foregoing paragraph and the interest due thereon shall be remitted by the Central Government to Esso at its principal office at 2401 South Gessner, City of Houston, State of Texas, in the United States of America, on the dates and in instalments specified in the corresponding entries in the Table below, namely:-- The Table Date of payment Instalments (i) First anniversary of the appointed day. 200,504,85 dollars towards interest on the principal amount. (ii) Second anniversary of the appointed day. (i) 2,691,660.00 dollars towards the principal amount and (ii) 200,504.85 dollars towards interest. (iii) Third anniversary of the appointed day. (i) 393,030.00 dollars towards the principal amount, and (ii) 25,546.95 dollars towards interest. Explanation.-- In this Schedule,.....

Drugs and Cosmetics Act, 1940 Complete Act

State: Central

Year: 1940

.....of property, apparatus, etc., used for the manufacture of such drugs."-S.O.R., Gazette of India, 11-5-1963, Pt. II, S. 2, Ext., page 465. Act 68 of 1982 The Drugs and Cosmetics Act, 1940, regulates the import into, manufacture, distribution and sale of drugs and cosmetics in the country. The problems of adulteration of drugs and also of production of spurious and sub-standard drugs are posing serious threat to the health of the community. It is, therefore, considered necessary to amend the Drugs and Cosmetics Act, so as to impose more stringent penalties on the anti-social elements indulging in the manufacture or sale of adulterated or spurious drugs or drugs not of standard quality which are likely to cause death or grievous hurt to the user. This opportunity is also being availed of to incorporate certain other provisions on the other aspects of effective control on the manufacture, distribution, sale of drugs and cosmetics on the basis of experience gained in the working of the Act. 2. Some of the important proposals envisaged are set out below:- (1) (a) Widening of the definition of the expression 'cosmetics' so as to bring within its scope 'tiolet soaps' in order.....

Esso (Acquisition of Undertakings in India) Act, 1974 Complete Act

State: Central

Year: 1974

.....Government company to take all necessary steps for- taking possession of all properties which have been transferred to and vested in it under this Act. SECTION 13: CONTRACT TO CONTINUE UNLESS TERMINATED BY CENTRAL GOVERNMENT (1)Every contract entered into by Esso for any service sale or supply in India, and in force immediately before the appointed day, shall, unless terminated, under sub-section(2), within [one year] from the appointed day, continue to be of full force and effect, against or in 'favour of the Central Government or the Government company in which the undertakings.of Esso in India have vested under this Act. (2) The Central Government may, if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or is detrimental to the interests of that Government or the Government company , by order in Writing, either terminate such contract of make such alterations or modifications therein may think fit:: Provided that the Central Government shall not terminate any contract or make any alteration or modification therein except after giving to the parties to the contract a reasonable opportunity of being.....

Caltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Schedule 1

Title: Schedule

State: Central

Year: 1977

THE SCHEDULE [See section 10] 1. The amount specified in sub-section (1) of section 10 shall be deemed to corresponded to fourteen million, five hundred and sixty thousand dollars (hereafter in this Schedule referred to as the principal amount). 2. The amount referred to in the foregoing paragraph and the interest due thereon shall be paid in instalments in accordance with the provisions of the Table below, namely :-- Table Date of Payment Instalments in dollars Principal Interest Explanation.--In this Schedule "dollar" means the unit of currency in the United States of America. amount Total (i) 31-3-197 10,080,000 ----- 10,080,000 (ii) 31-3-1978 1,120,000 642,419 1,762,419 (iii) 31-3-1979 1,120,000 269,800 1,388,800 (iv) 31-3-1980 1,120,000 179,200 1,299,200 (v) 31-3-1981 1,120,000 89,600 1,209,600

Caltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited) Act, 1977 Complete Act

State: Central

Year: 1977

.....Government company to take all necessary steps for taking possession of all properties, which have been transferred to, and vested in, it under this Act. SECTION 15: CONTRACTS TO CONTINUE UNLESS TERMINATED BY CENTRAL GOVERNMENT - (1) Every contract entered into by Caltex (India) for any service, sale or supply in India, and in force immediately before the appointed day shall, unless terminated under sub-section (2) within a period of two years from the appointed day, continue to be of full force and effect against or in favour of the Central Government or, as the case may be. the successor Government company. (2) The Central Government may, if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or is detrimental to the interests of that Government or the successor Government company, as the case may be, by order in writing, cither terminate such contract or make such alterations or modifications therein as it may think fit: Provided that the Central Government shall not terminate any contract or make any alteration or modification therein except after giving to the parties to the contract, a reasonable.....