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Start Free TrialCoast Guard Act, 1978 Section 1
Title: Short Title and Commencement
State: Central
Year: 1978
(1) This Act may be called The Coast Guard Act, 1978. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint", (a) Appointed date is 19-8-1978
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 17
Title: Penalties
State: Central
Year: 1978
Any person who, (a) having in his possession, custody or control any property forming part of the dissolved company wrongfully withholds such property from the Steel Authority of India; or (b) wrongfully obtains possession of, or retains, any property forming part of any of the undertakings of the dissolved company; or (c) wilfully withholds or fails to furnish to the Steel Authority of India or any person authorised by it any books, documents or other papers relating to any of the undertakings of the dissolved company which may be in his possession, custody or control; or (d) fails to deliver to the Steel authority of India or to a person authorised by it, any assets, books of account, registers or other documents in his possession, custody or control relating to any of the undertakings of the dissolved company; or (e) wrongfully removes or destroys any property forming part of any of the undertakings of the dissolved company; or (f) wrongfully uses any property forming part of any of the undertakings of the dissolved company, shall be punishable with imprisonment for a term which may extend to two years, own with find which may extend to ten thousand rupees, or wi
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 24
Title: Transfer of Documents Relating to the Dissolved Company
State: Central
Year: 1978
(1) The Registrar of Companies with whom the dissolved company is registered shall, as soon as may be after the appointed day, transfer all documents relating to the dissolved company to the Registrar to companies, New Delhi. (2) The Registrar of Companies, New Delhi, on receipt of the documents relating to the dissolved company shall add those documents to the file maintained by him in relation tot he steel authority of India, and shall consolidate the files relating to the dissolved company and the steel Authority of India and the documents filed by the dissolved company shall, for the purposes of the companies act, be deemed to a have been filed by the steel authority of India in relation to the business of the undertakings of the dissolved company which had transferred to and vested in the steel authority of India by virtue of section 6.
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 23
Title: Board of Directors of the Steel Authority of India to Adopt Accounts of Dissolved Company
State: Central
Year: 1978
(1) The accounts of the dissolved company shall stand closed on the appointed any and the balance-sheet and the profit and loss accounts for the current financial year up tot he appointed y shall be prepared and audited in accordance with the provisions of the companies Act. (2) Notwithstanding the provisions in the Companies Act, the Board of directors of the Steel Authority of India be deemed to be the Board of Directors of the dissolved company and the shareholders of the Steel authority of India shall be deemed to be the shareholders of the dissolved company for the purpose of adoption of the accounts, directors' report and completion of other formalities in accordance with the provisions of the Companies Act in this regard.
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 22
Title: Saving of Legal Proceedings
State: Central
Year: 1978
If, on the appointed day, there is pending any suit, arbitration, appeal or other legal proceeding of whatever nature by or against the dissolved company, the same shall not abate, be discontinued or be in any way prejudicially affected by reason of the transfer of the undertakings of the dissolved company or of anything contained in this act, but he suit, arbitration, appeal or other proceeding any be continued, prosecuted and enforced by or against the Steel Authority of India in the same manner and to the same extent as it would or might have been continued, prosecuted and enforced by or against the dissolved company if this Act had not been passed.
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 21
Title: Saving of Contracts, Etc.
State: Central
Year: 1978
All Contracts, deeds, bonds, agreements and other instruments of whatever nature to which the dissolved company is a party subsisting or having effect immediately before the appointed any, shall as from that day, be of full force and effect against, or, as the case may, be in favour of, the Steel authority of India and may be enforced as fully and effectual as if, instead of the dissolved company, the Steel Authority of India had been a party thereto.
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 20
Title: Cognizance of Offences
State: Central
Year: 1978
Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974.), no Court shall take cognizance of any offence under this Act except on a complaint, in writing, made by the Central Government or any officer authorised in this behalf by the t Government.
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 19
Title: Protection of Action Taken in Good Faith
State: Central
Year: 1978
No suit, prosecution or other legal proceedings shall lie against the Central Government or the Steel authority of India or any of its officers or other employees for anything which is in good faith done or intended to be done under this Act.
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 18
Title: Offences by Companies
State: Central
Year: 1978
.....and punished accordingly: Provided that nothing contained in this sub-section shall render any such person liable o any punishment if he proves that the offence was committed without his knowledge or that he had exercised all due diligence to prevent the commission of such offence. (2) Notwithstanding anything contained in sub-section (1) where any offence under this Act has been committed by a company and it is proved that the offence has been committed with the consent or connivance, of, or is attributable to any neglect on the part of, any director, manager, secretary or other officer of the company, such director, manager, secretary of other officer shall be deemed to be guilty of that offence and shall be liable to be proceeded against and punished accordingly. Explanation.- For the purposes of this section,- (a) "company' means any body corporate and includes a firm or other association of individuals; and (b) "director" in relation to a firm, means a partner in the firm.
View Complete Act List Judgments citing this sectionBolani Ores Limited (Acquisition of Shares) and Miscellaneous Provisions Act, 1978 Section 16
Title: Duty to Deliver Possession of Properties, Etc.
State: Central
Year: 1978
(1) Where any property appertaining to any of the undertakings of the dissolved company has been transferred to, and vested in, the Steel Authority of India,- (a) every person in whose possession, custody or control any such property may be, shall on demand by the Steel Authority of India, forthwith deliver the property to the Steel Authority of India or to such person as the Steel Authority of India may authorities in this behalf; (b) any person who, immediately before such vesting, has in his possession, custody or control, any books, documents or other papers relating to any of the undertakings of the dissolved company shall be liable o account for the said books documents, and appears to he Steel authority of India and shall deliver them to the steel authority of India or to such person as the steel authority of India may authorise in this behalf. (2) Without prejudice to the other provisions contained in this section, it shall be lawful for the steel Authority of India to take all necessary steps for taking possession of all properties, which have been transferred to, and vested in, it under this Act. (Penalties)
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