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Home Bare Acts Phrase: section 457Companies (Second Amendment) Act, 2002 Section 67
Title: Amendment of Section 457
State: Central
Year: 2002
.....inviting bids shall contain the following details, namely:-- (a) name, address of registered office of the company and its branch offices, factories and plants and the place where assets of the company are kept and available for sale; (b) last date for submitting bids which shall not exceed ninety days from the date of advertisement; (c) time during which the premises of the company shall remain open for inspection; (d) the last date for withdrawing the bid; (e) financial guarantee which shall not be less than one-half of the value of the bid; (f) validity period of the bids; (g) place and date of opening of the bids in public; (h) reserve price and earnest money to be deposited along with the bid; (i) any other terms and conditions of sale which may be prescribed. (2G) The liquidator appointed shall-- (a) maintain a separate bank account for each company under his charge for depositing the sale proceeds of the assets and recovery of debts of each company; (b) maintain proper books of account in respect of all receipts and payments made by him in respect of each company and submit half yearly return of receipts and payments to the Tribunal.".
View Complete Act List Judgments citing this sectionMerchant Shipping Act, 1958 Section 457
Title: General Power to Make Rules
State: Central
Year: 1958
457.1General power to make rules Without prejudice to any power to make rules contained elsewhere in this Act, the Central Government may make rules generally to carry out the purposes of this Act. ________________________ 1. Section 457 came into force on 1st April, 1960--
View Complete Act List Judgments citing this sectionIndian Penal Code (45 of 1860) Section 457
Title: Lurking House-trespass or House-breaking by Night in Order to Commit Offence Punishable with Imprisonment
State: Central
Year: 1860
.....court may, for adequate and special reasons to be me ntioned in the judgment, impose a sentence of imprisonment for a term of less than three years". 2[ State of Uttar Pradesh Amendment of section 457 - section 457 of the principal Act shall be renumbered as subsection (I) of that section and after sub section ( 1 ) as so renumbered, the following sub-section shall be added namely-- ( 2 ) Whoever commits lurking house trespass by night or house breaking by night in any building used as a place of worship in order to the committing of the offence of theft of any idol or icon from such buildings shall notwithstanding any thing contained in sub-section ( 1 ) be punished with rigorous imprisonment which shall not be less than three years but which may extend to fourteen years and with fine which shall not be less than five thousand rupees: Provided that the court may, for adequate and special reasons to be me ntioned in the judgment, impose a sentence of imprisonment for a term of less than three years. _________________ 1. Vide Tamil Nadu Act No. 28 of 1993 , section 5 . 2. Vide U.P.Act 24 of 1995 , section 11 .
View Complete Act List Judgments citing this sectionCode of Criminal Procedure (Amendment) Act, 2005 Section 13
Title: Amendment of Section 102
State: Central
Year: 2005
In section 102 of the principal Act,-- (a) in sub-section (3), after the words "transported to the Court", the words "or where there is difficulty in securing proper accommodation for the custody of such property, or where the continued retention of the property in police custody may not be considered necessary for the purpose of investigation" shall be inserted; (b) after sub-section (3), the following proviso shall be added at the end, namely:-- "Provided that where the property seized under sub-section (1) is subject to speedy and natural decay and if the person entitled to the possession of such property is unknown or absent and the value of such property is less than five hundred rupees, it may forthwith be sold by auction under the orders of the Superintendent of Police and the provisions of sections 457 and 458 shall, as nearly as may be practicable, apply to the net proceeds of such sale.".
View Complete Act List Judgments citing this sectionCode of Criminal Procedure, 1973 Section 459
Title: Power to Sell Perishable Property
State: Central
Year: 1973
If the person entitled to the possession of such property is unknown or absent and the property is subject to speedy and natural decay, or if the Magistrate to whom its seizure is reported is of opinion that its sale would be for the benefit of the owner, or that the value of such property is1[less than five hundred rupees], the Magistrate may at any time direct it to be sold; and the provisions of sections 457 and 458 shall, as nearly as may be practicable, apply to the net proceeds of such sale. ____________________________________________ 1. Substituted for the words "less than ten rupees" by the Code of Criminal Procedure (Amendment) Act, 2005, 23.06.2005.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 457
Title: Non
State: Central
Year: 2013
Notwithstanding anything contained in any other law for the time being in force, the Registrar, any officer of the Government or any other person shall not be compelled to disclose to any court, Tribunal or other authority, the source from where he got any information which-- (a) has led the Central Government to order an investigation under section 210; or (b) is or has been material or relevant in connection with such investigation.
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 458
Title: Discretion of Liquidator
State: Central
Year: 1956
The1[Tribunal] may, by order, provide that the liquidator may exercise any of the powers referred to in sub-section ( 1 ) of section 457 without the sanction or intervention of the1[Tribunal]: Provided always that the exercise by the liquidator of such powers shall be subject to the control of the1[Tribunal]. _____________________ 1. Substituted by Act 11 of 2003, Section 68, for "Court".
View Complete Act List Judgments citing this sectionCode of Criminal Procedure, 1973 Section 102
Title: Power of Police Officer to Seize Certain Property
State: Central
Year: 1973
.....when required and to give effect to the further orders of the Court as to the disposal of the same.] 2 [Provided that where the property seized under sub-section (1) is subject to speedy and natural decay and if the person entitled to the possession of such property is unknown or absent and the value of such property is less than five hundred rupees, it may forthwith be sold by auction under the orders of the Superintendent of Police and the provisions of sections 457 and 458 shall, as nearly as may be practicable, apply to the net proceeds of such sale.] ______________________ 1. Inserted by Act 45 of 1978, Section 10 (w.e.f. 18-12-1978). 2. Inserted vide The Code of Criminal Procedure (Amendment) Act, 2005.
View Complete Act List Judgments citing this sectionKarnataka Police Act, 1963 Section 75
Title: Police to Take Charge of Unclaimed Property
State: Karnataka
Year: 1963
Section 75 - Police to take charge of unclaimed property 1[(1)] The police shall take temporary charge,-- (a) of all unclaimed property found by or made over to them; and (b) of all property found lying in any public street, if the owner or person in charge of such property on being directed to remove the same, refuses or omits to do so. 2[(2) The taking of temporary charge of any property under sub-section (1) shall be forthwith reported to a Judicial Magistrate and the procedure laid down in sections 457, 458 and 459 of the Code of Criminal Procedure 1973, shall be applicable in respect of the disposal of such property as if it were property seized by a Police Officer under the said Code.] _______________________________ 1. Re-numbered by Act 18 of 1975 w.e.f 15.5.1975 2. Sub-section (2) Inserted by Act 18 of 1975 w.e.f 15.5.1975
View Complete Act List Judgments citing this sectionCode of Criminal Procedure, 1973 Section 452
Title: Order for Disposal of Property at Conclusion of Trial
State: Central
Year: 1973
.....to be entitled to the possession thereof, without any condition or on condition that he executes a bond with or without sureties, to the satisfaction of the Court, engaging to restore such property to the Court if the order made under sub-section (1) is modified or set aside on appeal or revision. (3) A Court of Session may, instead of itself making an order under sub-section (1), direct the property to be delivered to the Chief Judicial Magistrate, who shall thereupon deal with it in the manner provided in sections 457, 458 and 459. (4) Except where the properly is livestock or is subject to speedy and natural decay, or where a bond has been executed in pursuance of sub-section (2), an order made under sub-section (1) shall not be carried out for two months, or when an appeal is presented, until such appeal has been disposed of. (5) In this section, the term "property" includes, in the case of properly regarding which an offence appears to have been committed, not only such property as has been originally in the possession or under the control of any party, but also any property into or for which the same may have been converted or exchanged, and anything acquired.....
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