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Home Bare Acts Phrase: section 497Companies (Second Amendment) Act, 2002 Section 85
Title: Amendment of Section 497
State: Central
Year: 2002
In section 497 of the principal Act,-- (a) for the word "Court", wherever it occurs, the word "Tribunal" shall be substituted; (b) for the words "Official Liquidator", wherever they occur, the words, brackets, letter and figures "Official Liquidator referred to in clause (c) of sub-section (1) of section 448" shall be substituted.
View Complete Act List Judgments citing this sectionCaltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 3
Title: Transfer and Vesting in the Central Government of Shares of Caltex Oil Refining
State: Central
Year: 1977
(1) On the appointed day, all the shares in the capital of Caltex Oil Refining shall, by virtue of this Act, stand transferred to, and vested in, the Central Government. (2) All the shares which have vested in the Central Government under sub-section (1) shall, by force of such vesting, be freed and discharged of all trusts, liabilities, obligations, mortgages, charges, liens and other encumbrances affecting them. (3) Any dividend payable by Caltex Oil Refining in respect of any period beginning from the 1st day of January, 1976, shall be payable to the Central Government.
View Complete Act List Judgments citing this sectionCaltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 4
Title: Management of Caltex Oil Refining
State: Central
Year: 1977
(1) For the purpose of enabling Caltex Oil Refining to function as a Government company, the Central Government may, by notification, make such amendments in the memorandum and articles of association of that company and such other provisions as it may consider necessary. (2) Any amendments in the memorandum and articles of association of Caltex Oil Refining and any other provisions made under sub-section (1), shall have effect notwithstanding anything contained in the Companies Act, 1956 (1 of 1956.).
View Complete Act List Judgments citing this sectionCaltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 14
Title: Duty to Deliver Possession of Properties, Etc
State: Central
Year: 1977
.....who, immediately before such vesting, has, in his possession, custody or control, any books, documents or other papers relating to the undertakings of Caltex (India) in India, shall be liable to account for the said books, documents and papers to the Central Government or the successor Government company, as the case may be, and shall deliver them up to the Central Government or that company or to such person as the Central Government or that company may authorise in this behalf. (2) Without prejudice to the other provisions contained in this section, it shall be lawful for the Central Government or the successor Government company to take all necessary steps for taking possession of all properties, which have been transferred to, and vested in, it under this Act.
View Complete Act List Judgments citing this sectionIndian Penal Code (45 of 1860) Section 497
Title: Adultery
State: Central
Year: 1860
Whoever has sexual intercourse with a person who is and whom he knows or has reason to believe to be the wife of another man, without the consent or connivance of that man, such sexual intercourse not amounting to the offence of rape, is guilty of the offence of adultery, and shall be punished with imprisonment of either description for a term which may extend to five years, or with fine, or with both. In such case the wife shall be punishable as an abettor. STATE AMENDMENT 1Andhra Pradesh Punishment--Imprisonment for 5 years, or fine, or both--Cognizable-- B ailable--Triable by Magistrate of the first class--Non-compoundable. ________________ 1. Vide A.P Act 3 of 1992, section 2 (w.e.f. 15-2-1992)].
View Complete Act List Judgments citing this sectionCaltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 2
Title: Definitions
State: Central
Year: 1977
In this Act, unless the context otherwise requires,-- (a) "appointed day" means the 30th day of December, 1976; (b) "Caltex (India)" means the Caltex (India) Limited, a foreign company within the meaning of section 591 of the Companies Act, 1956 (1 of 1956.), incorporated in Bahamas Islands and having its registered office in the City of Nassau in the Island of New Providence; (c) "Caltex Oil Refining" means the Caltex Oil Refining (India) Limited, being a company as defined in the Companies Act, 1956 (1 of 1956.), and having its registered office at Shoorji Vallabhdass Marg, Bombay ; (d) "Caltex Petroleum" means the Caltex Petroleum Corporation, a company incorporated in the State of Delaware in the United States of America and having its principal business office at 380, Madison Avenue, New York, United States of America; (e) "Government company" means a company as defined in section 617 of the Companies Act, 1956 (1 of 1956.); (f) "notification" means a notification published in the Official Gazette; (g) "prescribed" means prescribed by rules made under this Act.
View Complete Act List Judgments citing this sectionCaltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 6
Title: General Effect of Vesting
State: Central
Year: 1977
.....in relation to the undertakings of Caltex (India) in India subsisting or having effect immediately before the appointed day, and to which Caltex (India) is a party or which are in favour of Caltex (India) shall be of a full force and effect against or in favour of the Central Government and may be enforced or acted as fully and effectually as if in the place of Caltex (India), the Central Government had been a party thereto or as if they had been issued in favour of the Central Government. (4) If on the appointed day, any suit, appeal or other proceeding of whatever nature in relation to the undertaking of Caltex (India) in India, which have been transferred to, and vested in, the Central Government under section 5, is pending by or against Caltex (India), the same shall not abate, be discontinued or be, in any way, prejudicially affected by reason of the transfer of the undertakings of Caltex (India) in India or of anything contained in this Act but the suit, appeal or other proceeding may be continued, prosecuted and enforced by or against the Central Government.
View Complete Act List Judgments citing this sectionCaltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 8
Title: Removal of Doubts
State: Central
Year: 1977
(1) For the removal of doubts, it is hereby declared that the provisions of sections 5, 6 and 7 shall apply to the extent to which any property appertains to the business carried on by Caltex (India) in India; and to the rights and powers acquired, and to debts, liabilities and obligation incurred, and to contracts, agreements and other instruments made, by Caltex (India) in India, and to legal proceedings relating to those matters pending in any court or tribunal in India. (2) If any question arises as to whether any property appertained, immediately before the appointed day, to any business of Caltex (India) in India, or whether any rights, powers, debts, liabilities or obligations were acquired or incurred or any contract, agreement or other instrument was made by Caltex (India) for the purposes of its business in India, or whether any documents relate to those purposes, or whether the provisions of section 7 apply in relation to any property, the question shall be referred to the Central Government which shall, after giving a reasonable opportunity of being heard to the persons interested in the matter, decide it in such manner as it may think fit.
View Complete Act List Judgments citing this sectionCaltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 11
Title: Transfer of Service of Existing Employees of Caltex (India), Etctransfer of Service of Existing Employees of Caltex (India), Etc
State: Central
Year: 1977
.....or until his remuneration and conditions of service are duly altered by the Central Government or the successor Government company. (2) Subject to rules made in this behalf under section 23, every whole-time officer or other employees of Caltex Oil Refining who was, immediately before the appointed day, employed by Caltex Oil Refining in India, and every whole-time officer or other employee of Caltex Oil Refining who was, immediately before the appointed day, temporarily holding any assignment outside India shall, on and from that day, continue to be an officer or other employee of Caltex Oil Refining on the same terms and conditions and with the same rights to pension, gratuity and other matters as are admissible to him immediately before that day and shall continue to hold such office unless and until his employment under the Caltex Oil Refining is duly terminated or until his remuneration and conditions of service are duly altered by that company. (3) If any question arises as to whether any person was a whole-time officer or other employee of Caltex (India), or as to whether any officer or other employee was employed wholly or mainly in connection with the undertakings of.....
View Complete Act List Judgments citing this sectionCaltex Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited Act, 1977 Section 15
Title: Contracts to Continue Unless Terminated by Central Government
State: Central
Year: 1977
(1) Every contract entered into by Caltex (India) for any service, sale or supply in India, and in force immediately before the appointed day, shall, unless terminated under sub-section (2), within a period of two years from the appointed day, continue to be of full force and effect against or in favour of the Central Government or, as the case may be, the successor Government company. (2) The Central Government may, if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or in detrimental to the interests of that Government or the successor Government company, as the case may be, by order in writing, either terminate such contract or make such alterations or modifications therein as it may think fit: Provided that the Central Government shall not terminate any contract or make any alteration or modification therein except after giving to the parties to the contract, a reasonable opportunity of being heard and except after recording in writing, its reasons for such termination, alteration or modification, as the case may be.
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