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Start Free TrialInchek Tyres Limited and National Rubber Manufacturers Limited Nationalisation Act, 1984 Section 1
Title: Short Title and Commencement
State: Central
Year: 1984
(1) This Act may be called the Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984. (2) It shall be deemed to have come into force on the 14th day of February, 1984.
View Complete Act List Judgments citing this sectionIndustrial Reconstruction Bank of India Act, 1984 Section 25
Title: Reconstruction Assistance Fund
State: Central
Year: 1984
With effect from the appointed day, the Reconstruction Bank shall establish a special fund to be called the Reconstruction Assistance Fund.
View Complete Act List Judgments citing this sectionMogul Line Limited ( Acquisition of Shares ) Act, 1984 Section 4
Title: Management of the Company
State: Central
Year: 1984
For the purposes of enabling the Company to function as a Government company in which the entire share capital is held by the Central Government, the Central Government may, by notification in the Official Gazette, make such Provisions ( including amendments in the memorandum and articles of association of the Company ) as it may consider necessary and the provisions so made shall have effect notwithstanding anything contained in the Companies Act, 1956.
View Complete Act List Judgments citing this sectionMogul Line Limited ( Acquisition of Shares ) Act, 1984 Section 7
Title: Act to Have Overriding Effect
State: Central
Year: 1984
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.
View Complete Act List Judgments citing this sectionMogul Line Limited ( Acquisition of Shares ) Act, 1984 Section 8
Title: Power to Make Rules
State: Central
Year: 1984
(1) The Central Government may, by notification in the Official Gazette, make rules to carry out the provisions of this Act. (2) Every rule made by the Central Government under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.
View Complete Act List Judgments citing this sectionIndustrial Reconstruction Bank of India Act, 1984 Section 3
Title: Establishment of the Reconstruction Bank
State: Central
Year: 1984
(1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be established, for the purposes of this Act, a corporation, to be known as the Industrial Reconstruction Bank of India. (2) The Reconstruction Bank shall be a body corporate with the name aforesaid, having perpetual succession and a common seal with power, subject to the provisions of this Act to acquire, hold and dispose of property, and to contract, and may, by that name, sue and be sued. (3) The head office of the Reconstruction Bank shall be at Calcutta, and the Reconstruction Bank may establish offices, branches or agencies at any other place, whether in, or outside, India.
View Complete Act List Judgments citing this sectionIndustrial Reconstruction Bank of India Act, 1984 Section 9
Title: Management
State: Central
Year: 1984
(1) The general superintendence, direction and management of the affairs and business of the Reconstruction Bank shall vest in a Board of directors which may exercise all powers and do all acts and things which may be exercised or done by the Reconstruction Bank. (2) Save as otherwise provided in the regulations made under this Act, the Chairman shall also have powers of general superintendence, direction and management of the affairs and business of the Reconstruction Bank and may also exercise all powers and do all acts and things which may be exercised or done by the Reconstruction Bank. (3) Subject to the provisions of this Act, the Board, in discharging its functions, shall act on business principles with due regard to public interest. (4) In the discharge of its functions under this Act, the Reconstruction Bank shall be guided by such directions in matters of policy involving public interest as the Central Government may give to it in writing, and if any dispute arises as to whether a question is or is not a question of such policy, the dispute shall be decided by the Central Government whose decision thereon shall be final.
View Complete Act List Judgments citing this sectionIndustrial Reconstruction Bank of India Act, 1984 Section 11
Title: Disqualifications of Membership of the Board
State: Central
Year: 1984
No person shall be qualified to be a member of the Board if-- (a) he has been removed or dismissed from service of -- (i) Government, or (ii) Reserve Bank, State Bank or any other bank, or (iii) any public financial institution or State Financial Corporation or (iv) any other corporation owned or controlled by Government on a charge of corruption or bribery, or (b) he is, or at any time has been adjudicated an insolvent or has suspended payment of his debts or has compounded with his creditors; or (c) he is a lunatic and stands so declared by a competent court or (d) he is or has been convicted of any offence, which, in the opinion of the Central Government, involves moral turpitude.
View Complete Act List Judgments citing this sectionIndustrial Reconstruction Bank of India Act, 1984 Section 13
Title: Disclosure of Interest
State: Central
Year: 1984
No member of the Board shall have an interest, direct or indirect, in any business, industry or concern to which any assistance has been given or is to be given by the Reconstruction Bank under this Act and if any such member acquires such interest at any time during the continuance of such assistance, he shall immediately disclose it to the Board and shall either resign his membership of the Board or dispose of his interest in such manner and within such time as the Board may direct.
View Complete Act List Judgments citing this sectionIndustrial Reconstruction Bank of India Act, 1984 Section 17
Title: Fees and Allowances of Directors and Members of Committees
State: Central
Year: 1984
The directors and members of the committee shall be paid such fees and allowances as may be provided for in the regulations for attending the meetings of the Board or of any committee constituted in pursuance of this Act or for attending to any other work of the Reconstruction Bank. Provided that no fees shall be payable to the Chairman or to any other director or member who is an official of the Government, or, to a Deputy Governor of the Reserve Bank or to any official of the Development Bank or Reconstruction Bank.
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