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Start Free TrialPatents Act, 1970 (39 of 1970) Section 83
Title: General Principles Applicable to Working of Patented Inventions
State: Central
Year: 1970
.....to encourage inventions and to secure that the inventions are worked in India on a commercial scale and to the fullest extent that is reasonably practicable without undue delay; (b) that they are not granted merely to enable patentees to enjoy a monopoly for the importation of the patented article; (c) that the protection and enforcement of patent rights contribute to the promotion of technological innovation and to the transfer and dissemination of technology, to the mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare, and to a balance of rights and obligations; (d) that patents granted do not impede protection of public health and nutrition and should act as instrument to promote public interest specially in sectors of vital importance for socio-economic and technological development of India; (e) that patents granted do not in any way prohibit Central Government in taking measures to protect public health; (f) that the patent right is not abused by the patentee or person deriving title or interest on patent from the patentee, and the patentee or a person deriving title or interest on patent.....
View Complete Act List Judgments citing this sectionCentral Labour Laws (Extension to Jammu and Kashmir) Act, 1970 Section 3
Title: Construction of References to Laws Not in Force in Jammu and Kashmir
State: Central
Year: 1970
Any reference in any Act mentioned in the Schedule to a law which is not in force in the State of Jammu and Kashmir shall, in relation to that State, be construed as a reference to the corresponding law, if any, in force in that State.
View Complete Act List Judgments citing this sectionBanking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Section 16
Title: Indemnity
State: Central
Year: 1970
(1) Every Custodian of a corresponding new bank and every officer of the Central Government or of the Reserve Bank and every officer or other employee of a corresponding new bank, shall be indemnified by such bank against all losses and expenses incurred by him in or in relation to the discharge of his duties except such as have been caused by his own wilful act or default. (2) A Director or member of a local Board or committee of a corresponding new bank shall not be responsible for any loss or expense caused to such bank by the insufficiency or deficiency of the value of, or title to, any property or security acquired or taken on behalf of the corresponding new bank, or by the insolvency or wrongful act of any customer or debtor, or by anything done in or in relation to the execution of the duties of his office, unless such loss, expense, insufficiency or deficiency was due to any wilful act or default on the part of such Director or member.
View Complete Act List Judgments citing this sectionBanking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Section 16A
Title: Arrangement with Corresponding New Bank on Appointment of Directors to Prevail
State: Central
Year: 1970
.....of Directorship, removal from office of Director and such like conditions contained in any such law or instrument aforesaid, shall not apply to any Director appointed by the corresponding new bank in pursuance of the arrangement as aforesaid. (2) Any director appointed as aforesaid shall- (a) hold office during the pleasure of the corresponding new bank and may be removed or substituted by any person by order in writing of the corresponding new bank; (b) and incur any obligation or liability by reason only of his being a Director or for anything done or omitted to be done in good faith in the discharge of his duties as a Director or anything in relation thereto; (c) not be liable to retirement by rotation and shall not be taken into account for computing the number of Directors liable to such retirement.] _________________________ 1. Inserted by Act No. 1 of 1984, w.e.f. 15th. February, 1984.
View Complete Act List Judgments citing this sectionBanking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Section 18
Title: Dissolution
State: Central
Year: 1970
No provision of law relating to winding up of corporations shall apply to a corresponding new bank and no corresponding new bank shall be placed in liquidation save by order of the Central Government and in such manner as it may direct.
View Complete Act List Judgments citing this sectionBanking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Section 21
Title: Repeal and Saving
State: Central
Year: 1970
.....or incurred under the provisions of this Act by or on behalf of the corresponding new bank constituted thereunder; (c) anything done or any action taken, including any order made, notification issued or directions given under the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1970 (3 of 1970), shall be deemed to have been done, taken, made, issued or given as the case may be, under the corresponding provisions of this Act. (3) Any suit, appeal or other proceedings of whatever nature instituted on or after the 19th day of July, 1969, by or against a corresponding new bank purported to have been constituted by the Banking Companies (Acquisition and Transfer of Undertakings) Ordinance, 1969 (8 of 1969), or the Banking Companies (Acquisition and Transfer of Undertakings Act, 1969 (22 of 1969), shall not abate, be discontinued, or be, in any way, prejudicially affected by reason of the expiry of the said Ordinance or the invalidation of the said Act, as the case may be, but such suit, appeal or other proceeding may be continued, prosecuted and enforced by or against the corresponding new bank as if such suit, appeal or other proceedings had been.....
View Complete Act List Judgments citing this sectionCentral Labour Laws (Extension to Jammu and Kashmir) Act, 1970 Section 1
Title: Short Title and Commencement
State: Central
Year: 1970
(1) This Act may be called the Central Labour Laws (Extension to Jammu and Kashmir) Act, 1970. (2) It shall come into force on such date1as the Central Government may, by notification in the Official Gazette, appoint. ________________________ 1. Act enforced on and from 1-9-1971.
View Complete Act List Judgments citing this sectionCentral Labour Laws (Extension to Jammu and Kashmir) Act, 1970 Section 2
Title: Extension and Amendment of Certain Labour Laws
State: Central
Year: 1970
(1) The Acts mentioned in the Schedule and all rules, orders, regulations and schemes made there under by the Central Government are hereby extended to, and shall be in force in, the State of Jammu and Kashmir. (2) With effect from the commencement of this Act, the Acts mentioned in the Schedule shall be amended as specified therein.
View Complete Act List Judgments citing this sectionCentral Labour Laws (Extension to Jammu and Kashmir) Act, 1970 Section 4
Title: Construction of References to Authorities Where New Authorities Have Been Constituted
State: Central
Year: 1970
Any reference by whatever form of words in any law for the time being in force in the State of Jammu and Kashmir to any authority competent at the date of the passing of that law to exercise any powers or discharge any functions in that State shall, where a corresponding new authority has been constituted by or under any law now extended to that State, have effect as if it were a reference to the new authority.
View Complete Act List Judgments citing this sectionBanking Companies (Acquisition and Transfer of Undertakings) Act, 1970 Section 11
Title: Corresponding New Bank Deemed to Be an Indian Company
State: Central
Year: 1970
For the purposes of the Income Tax Act, 1961 (43 of 1961), every corresponding new bank shall be deemed to be an Indian company and a company in which the public are substantially interested.
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