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Start Free TrialStandards of Weights and Measures Act, 1976 Section 83
Title: Power to Make Rules
State: Central
Year: 1976
.....in relation to weights or measures; (j) the conditions, limitations and restrictions under which non-standard weights or measures may be manufactured for export or may be exported; (k) the manner of disposal of any commodity which is subject to speedy or natural decay; (l) class of goods or undertaking in relation to which, or class of users in relation to whom, no transaction, dealing or contract shall be made or had except by specified weight, measure or number; (m) registers and records to be maintained by persons referred to in section 35; (n) the authority to whom models are to be submitted for approval; (o) the number of models, drawings and other information which are to be submitted for the approval of the model; (p) the conditions under which the performance of any model is to be tested; (q) the manner in which the number of model and certificate shall be inscribed on every weight or measure; (r) the manner of declaration of the contents of a package and specification of the unit of weight, measure or number in accordance with which the retail sale price shall be declared on the package; (s) the standard quantities or number in which commodities.....
View Complete Act List Judgments citing this sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 10
Title: Disbursement of Money by the Commissioner to Claimants
State: Central
Year: 1976
(1) After admitting a claim under this Act, the amount due in respect of each share acquired by virtue of this Act shall be paid by the Commissioner at the rate of rupees thirty-two and paise seventy-five per preference share, and at the rate of rupees four and paise seventy per equity share to the person or persons to whom such sums are due, and on such payment, the liability of the Central Government in respect of the share so acquired shall stand discharged. (2) The Commissioner shall also apportion amongst the shareholders, the amount paid to him by way of interest under sub-section (3) of section 6, and such apportionment shall be made on the basis of the amount due to each shareholder.
View Complete Act List Judgments citing this sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 18
Title: Repeal and Saving
State: Central
Year: 1976
The Indian Iron and Steel Company (Acquisition of Shares) Ordinance, 1976, is hereby repealed; Provided that notwithstanding such repeal anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provision of this Act.
View Complete Act List Judgments citing this sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 17
Title: Power to Make Rules
State: Central
Year: 1976
(1) The Central Government may, by notification, 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 sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 16
Title: Limitation of Cognizance of Offences
State: Central
Year: 1976
No court shall take cognizance of an offence punishable under this Act, except with the previous sanction of the Central Government or of an officer authorised by that Government in this behalf.
View Complete Act List Judgments citing this sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 15
Title: Offences by Companies
State: Central
Year: 1976
.....shall be liable to be proceeded against be punished accordingly: Provided that nothing contained in this sub-section shall render any such person liable to any punishment, if he proves that the offence was committed without his knowledge or that he had 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 with the consent or connivance of, or is attributable to any neglect on the, part of any director, manager, secretary or other officer, such director, manager, secretary or other officer shall be deemed to be guilty of that 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 sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 14
Title: Penalties
State: Central
Year: 1976
If any person,-- (a) makes any claim for any payment under this Act, knowing or having reason to believe that such claim is false or without any basis; or (b) when required under this Act so to do:-- (i) omits or fails to produce any register or record of the Company; or (ii) makes any statement or furnishes any information which is false in any material particular and which he knows or believes to be false or does not believe to be true; or (c) makes any such statement as aforesaid in any book of account, record, register, return or other document, he shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to two thousand rupees, or with both.
View Complete Act List Judgments citing this sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 13
Title: Act to Have Overriding Effect
State: Central
Year: 1976
The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any law, other than this Act or in any instrument having effect by virtue of any law other than this Act.
View Complete Act List Judgments citing this sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 12
Title: Power of Inspection
State: Central
Year: 1976
For the purposes of ascertaining whether any person claiming payment under this Act is a shareholder, the Commissioner shall have the right to-- (a) require any person, having the possession, custody or control, of any register or record of the Company, to produce such register on record before the Commissioner. (b) require any person to make any statement or furnish any information which may be req by the Commissioner.
View Complete Act List Judgments citing this sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Section 11
Title: Undisbursed or Unclaimed Amount to Be Deposited to the General Revenue Accounts
State: Central
Year: 1976
Any money paid to the Commissioner which remains undisbursed or unclaimed for a period of1[six months] from the last day on which the disbursement was made, shall be transferred by the Commissioner to the general revenue account of the Central Government; but a claim to any money so transferred may be preferred to the Central Government by the person entitled to such payment and shall be dealt with as if such transfer had not been made, the order, if any for payment of the claim be treated as an order for the refund of revenue. ________________________ 1. Substituted for the words "three years" by Act 1981 (59 of 1981), Section 4 (not yet enforced.)
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