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Start Free TrialRight to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, (Central) Section 50
Title: Establishment of State Monitoring Committee for Rehabilitation and Resettlement
State: Central
Year: 2013
(1) The State Government shall constitute a State Monitoring Committee for reviewing and monitoring the implementation of rehabilitation and resettlement schemes or plans under this Act. (2) The Committee may, besides having representatives of the concerned Ministries and Departments of the State Government, associate with it eminent experts from the relevant fields. (3) The procedures to be followed by the Committee and the allowances payable to the experts shall be such as may be prescribed by the State. (4) The State Government shall provide such officers and other employees to the Committee as may be necessary for its efficient functioning.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 50
Title: Company to Accept Unpaid Share Capital, Although Not Called Up
State: Central
Year: 2013
(1) A company may, if so authorised by its articles, accept from any member, the whole or a part of the amount remaining unpaid on any shares held by him, even if no part of that amount has been called up. (2) A member of the company limited by shares shall not be entitled to any voting rights in respect of the amount paid by him under sub-section (1) until that amount has been called up.
View Complete Act List Judgments citing this sectionPension Fund Regulatory and Development Authority Act, 2013, Section 50
Title: Offences by Companies
State: Central
Year: 2013
..... Provided that nothing contained in this sub-section shall render any such person liable to any punishment provided in this Act if he proves that the offence was committed without his knowledge or that he has exercised all due diligence to prevent the commission of such offence. (2) Notwithstanding anything contained in sub-section (1), where any offence under this Act has been committed by a company and it is proved that the offence has been committed with the consent or connivance of, or is attributable to, any neglect on the part of any director, manager, secretary or other officer of the company, such director, manager, secretary or other officer shall also be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly. Explanation. -- For the purposes of this section,-- (a) "company" means any body corporate and includes a firm or other association of individuals; and (b) "director", in relation to a firm, means a partner in the firm.
View Complete Act List Judgments citing this sectionWakf (Amendment) Act, 2013, (Central) Section 50
Title: Amendment of Section 97
State: Central
Year: 2013
In section 97 of the principal Act, the following proviso shall be inserted at the end, namely:-- "Provided that the State Government shall not issue any direction being contrary to any waqf deed or any usage; practice or custom of the waqf.".
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 349
Title: Official Liquidator to Make Payments into Public Account of India
State: Central
Year: 2013
Every Official Liquidator shall, in such manner and at such times as may be prescribed, pay the monies received by him as Official Liquidator of any company, into the public account of India in the Reserve Bank of India.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 323
Title: Costs of Voluntary Winding Up
State: Central
Year: 2013
All costs, charges and expenses properly incurred in the winding up, including the fee of the Company Liquidator, shall, subject to the rights of secured creditors, if any, be payable out of the assets of the company in priority to all other claims.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 324
Title: Debts of All Descriptions to Be Admitted to Proof
State: Central
Year: 2013
In every winding up (subject, in the case of insolvent companies, to the application in accordance with the provisions of this Act or of the law of insolvency), all debts payable on a contingency, and all claims against the company, present or future, certain or contingent, ascertained or sounding only in damages, shall be admissible to proof against the company, a just estimate being made, so far as possible, of the value of such debts or claims as may be subject to any contingency, or may sound only in damages, or for some other reason may not bear a certain value.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 328
Title: Fraudulent Preference
State: Central
Year: 2013
(1) Where a company has given preference to a person who is one of the creditors of the company or a surety or guarantor for any of the debts or other liabilities of the company, and the company does anything or suffers anything done which has the effect of putting that person into a position which, in the event of the company going into liquidation, will be better than the position he would have been in if that thing had not been done prior to six months of making winding up application, the Tribunal, if satisfied that, such transaction is a fraudulent preference may order as it may think fit for restoring the position to what it would have been if the company had not given that preference. (2) If the Tribunal is satisfied that there is a preference transfer of property, movable or immovable, or any delivery of goods, payment, execution made, taken or done by or against a company within six months before making winding up application, the Tribunal may order as it may think fit and may declare such transaction invalid and restore the position.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 329
Title: Transfers Not in Good Faith to Be Void
State: Central
Year: 2013
Any transfer of property, movable or immovable, or any delivery of goods, made by a company, not being a transfer or delivery made in the ordinary course of its business or in favour of a purchaser or encumbrance in good faith and for valuable consideration, if made within a period of one year before the presentation of a petition for winding up by the Tribunal or the passing of a resolution for voluntary winding up of the company, shall be void against the Company Liquidator.
View Complete Act List Judgments citing this sectionCompanies Act, 2013, Section 330
Title: Certain Transfers to Be Void
State: Central
Year: 2013
Any transfer or assignment by a company of all its properties or assets to trustees for the benefit of all its creditors shall be void.
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