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Assam State Legislature (Delegation of Powers) Act, 1980 [Repealed] Section 1

Title: Short Title

State: Central

Year: 1980

This Act may be called the Assam State Legislature (Delegation of Powers) Act, 1980.

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Section 18

Title: Dissolution

State: Central

Year: 1980

No provision of law relating to winding up of corporations shall apply to a corresponding new bank and no corresponding new bank shall be placed in liquidation save by order of the Central Government and in such manner as it may direct.

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Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980 Section 25

Title: Act to Have Overriding Effect

State: Central

Year: 1980

The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in any instrument having effect by virtue of any law, other than this Act, or in any decree or order of any Court, tribunal or other authority.

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Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980 Section 27

Title: Protection of Action Taken in Good Faith

State: Central

Year: 1980

(1) No suit, prosecution or other legal proceeding shall lie against the Central Government or any officer of that Government or the Government company or the Custodian or any officer or other person authorised by the Central Government or the Government company for anything which is in good faith done or intended to be done under this Act. (2) No suit or other legal proceeding shall lie against the Central Government or any of its officers or other employees or the Government company or the Custodian or any officer or other person authorised by the Central Government or the Government company for any damage caused or likely to be caused by anything which is in good faith done or intended to be done under this Act.

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Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980 Section 29

Title: Penalties

State: Central

Year: 1980

.....relating to the undertakings of the Company, which may be in his possession, custody or control; or (d) fails to deliver to the Central Government or the Government company or to any person or body of persons specified by that Government or Government company, any assets, books of account, registers or other documents in his possession, custody or control, relating to the undertakings of the Company; or (e) wrongfully removes or destroys any property forming part of the undertakings of the Company; or (f) prefers any claim under this Act which he knows or has reasonable cause to believe to be false or grossly inaccurate, shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to ten thousand rupees, or with both.

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Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980 Section 32

Title: Power to Remove Difficulties

State: Central

Year: 1980

If any difficulty arises in giving effect to the provisions of this Act the Central Government may, by order, not inconsistent with the provisions of this Act, remove the difficulty : Provided that no such order shall be made after the expiry of a period of two years from the appointed day.

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Maruti Limited (Acquisition and Transfer of Undertakings) Act, 1980 Section 33

Title: Repeal and Saving

State: Central

Year: 1980

(1) The Maruti Limited (Acquisition and Transfer of Undertakings) Ordinance, 1980, is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the Ordinance so repealed shall be deemed to have been done or taken under the corresponding provisions of this Act.

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Section I

Title: Short Title and Commencement

State: Central

Year: 1980

(1) This Act may be called The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980. (2) It shall be deemed to have come into force on the 15th day of April, 1980.

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Section 4

Title: Undertakings of Existing Banks to Vest in Corresponding New Banks

State: Central

Year: 1980

On the commencement of this Act, the undertaking of every existing bank shall be transferred to, and shall vest in, the corresponding new bank.

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Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 Section 8

Title: Corresponding New Banks to Be Guided by the Directions of the Central Government

State: Central

Year: 1980

Every corresponding new bank shall, in the discharge of its functions, be guided by such directions in regard to matters of policy involving public interest as the Central Government may, after consultation with the Governor of the Reserve Bank, give.

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