Bare Act Search Results

Road Transport Corporations Act, 1950 Section 3

Title: Establishment of Road Transport Corporations in the States

State: Central

Year: 1950

Road Transport Corporations Act, 1950 Section 47

Title: Special Provisos Relating to Bombay

State: Central

Year: 1950

.....taken by, or in relation to the setting up of, the existing Corporation or Board merely on the ground of any defect in, or invalidity of, the enactment or order under which the existing Corporation or Board was constituted. (2) On the establishment of a Corporation under section 3 in the State of Bombay (hereinafter referred to as "the new Corporation"),- (a) the existing Corporation and Board shall be deemed to be dissolved and shall cease to function; (b) all property and assets vesting in the existing Corporation shall vest in the new Corporation; (c) all rights, liabilities and obligations of the existing Corporation, whether arising out of any contract or otherwise, shall be the rights, liabilities and obligations, respectively, of the new Corporation; and (d) all licences and permits granted to, all contracts made with, and all instruments executed on behalf of, the existing Corporation or Board shall be deemed to have been granted to, made with or executed on behalf, of, the new Corporation arid shall have effect accordingly. __________________ 1. This Corporation has been split up into Maharashtra State Road Transport Corporation and Gujarat State Road.....

Road Transport Corporations Act, 1950 Section 20

Title: Extension of the Operation of the Road Transport Service of a Corporation to Areas Within Another State

State: Central

Year: 1950

.....been received, the Corporation may, with the previous approval of the State Government, sanction the scheme. (3) After the scheme has been so sanctioned, it shall be competent for the Corporation to extend the operation of its road transport service to such route or area and when the operation of such service is so extended, the Corporation shall operate the service on that route or in that area subject to the provisions of any law in force in the other State within which such route or area is situated. (4) The Corporation may, from time to time, alter or extend the scheme sanctioned under subsection (2) by a supplementary scheme prepared and sanctioned in the manner provided in the foregoing provisions of this section.

Road Transport Corporations Act, 1950 Chapter III

Title: Powers and Duties of Corporation

State: Central

Year: 1950

Road Transport Corporations Act, 1950 Section 30

Title: Disposal of Net Profits

State: Central

Year: 1950

After making provision for payment of interest and dividend under section 28 and for depreciation, reserve and other funds under section 29, a Corporation may utilise such percentage of its net annual profits as may be specified in this behalf by the State Government for the provision of amenities to the passengers using the road transport services, welfare of labour employed by the Corporation and for such other purposes as may be prescribed with the previous approval of the Central Government,1[and out of the balance such amount as may, with the previous approval of the State Government and the Central Government, be specified in this behalf by the Corporation, may be utilised for financing the expansion programmes of the Corporation and the remainder, if any, shall be made over to the State Government for the purpose of road development.] ____________________ 1. Substituted for the words "and the balance shall be made over to the State Government for the purpose of road development" by the Road Transport Corporations (Amdt.) Act, 1959 (28 of 1959), section 6 (1-9-1959).

Road Transport Corporations Act, 1950 Section 16

Title: General Disqualification of All Officers and Servants

State: Central

Year: 1950

No person who has directly or indirectly, by himself or his partner or agent, any share or interest in any contract, by or on behalf of a Corporation, or in any other road transport undertaking shall become or remain an1[officer or other employee] of the Corporation. ____________________ 1. Substituted for the words "officer or servant" by the Road Transport Corporations (Amdt.) Act, 1982 (63 of 1982), section 16 and the Schedule. (15-11-1982).

Road Transport Corporations Act, 1950 Section 2

Title: Definitions

State: Central

Year: 1950

.....a Road Transport Corporation established under section 3; 1[(bb) "Director" means a member of the Board;] (c) "extended area" means any area or route to which the operation of any road transport service of a Corporation has been extended in the manner provided in section 20; (d) "prescribed" means prescribed by rules made under this Act; (e) "road transport service" means a service carrying passengers or goods or both by road in vehicles for hire or reward; (f) "vehicle" means any mechanically propelled vehicle, used or capable of being used for the purpose of road transport, and includes a tram-car, a trolly-vehicle and a trailer; (g) words and expressions used but not defined in this Act and defined in the Motor Vehicles Act, 1939, have the meaning assigned to them in that Act; 2[ * * * * *] ____________________ 1. Inserted by the Road Transport Corporation (Amendment) Act, 1982 (63 of 1982), section 16 and the Schedule (15-11-1982). 2. Omitted by 3 A.L.O. (w.r.e.f. 1-11-1956).

Road Transport Corporations Act, 1950 Section 40

Title: Compensation for Acquisition of Road Transport Undertakings

State: Central

Year: 1950

Whenever a Corporation acquires under this Act the whole or any part of any undertaking, there shall be paid by the Corporation compensation the amount of which shall be determined in the manner and in accordance with the procedure hereinafter set out, that is to say, (a) where the amount of compensation can be fixed by agreement, it shall be paid in accordance with such agreement; (b) where no such agreement can be reached, the amount shall be determined by an arbitral Tribunal consisting of one nominee of the Corporation, one nominee of the person to be compensated, and a Chairman to be nominated by the Chief Justice of the High Court exercising jurisdiction in relation to the State concerned; (c) an appeal shall lie to the High Court against the decision of the Tribunal and the order of the High Court on such appeal shall be final.

Road Transport Corporations Act, 1950 Section 6

Title: Disqualification for Being Chosen As, or Being, a Member of a Corporation

State: Central

Year: 1950

.....as, or for being, a Director of a Corporation. (b) any officer or other employee of a Corporation for being chosen as, or for being, a Director of another Corporation.] ___________________ 1. Original section 6 was renumbered as sub-section (1) thereof by the Road Transport Corporations (Amdt.) Act, 1959 (28 of 1959), section 2 (1-9-1959). 2. Substituted for the words "member of a Corporation" by the Road Transport Corporation's (Amdt.) Act, 1982 (63 of 1982), section 4(a) (15-11-1982). 3. Inserted by the Road Transport Corporations (Amdt.) Act, 1959 (28 of 1959), section 2 (1-9-1959). 4. Substituted for the words "Chief Executive Officer or General Manager" by the Road Transport Corporations (Amdt.) Act, 1982 (63 of 1982), section 4(b) (15-11-1982). 5. Substituted for the word "member" by the Road Transport Corporations (Amdt.) Act, 1982 (63 of 1982), section 4(b) (15-11-1982). 6. Inserted by the Road Transport Corporations (Amdt.) Act, 1982 (63 of 1982), section 4(b) (15-11-1982), S.4(c) (15-11-1982).

Road Transport Corporations Act, 1950 Section 39

Title: Liquidation of Corporation

State: Central

Year: 1950

(1) No provision of any law relating to the winding up of companies or corporations shall apply to a Corporation, and no Corporation shall be placed in liquidation save by order of the State Government concerned and save in such manner as may be directed by that Government: Provided that no such order shall be made by any State Government except with the previous approval of the Central Government. (2) In the event of a Corporation being placed in liquidation, the assets of the Corporation, after meeting the liabilities, if any, shall be divided among the Central and the State Government and such other parties, if any, as may have subscribed to the capital in proportion to the contribution made by each of them to the total capital of the Corporation.