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Start Free TrialOil Industry (Development) Act, 1974 Complete Act
State: Central
Year: 1974
.....under section 10-in respect of such concern shall be entitled to any compensation for the loss of office or for the premature termination under this Act of the contract entitling him to be in charge of such management. (2) Nothing contained in sub-section (1) shall affect the right of any Director or other person referred to therein to recover from the oil industrial concern moneys recoverable otherwise than by way of such compensation. (1) Where the management of an oil industrial concern, being a company as defined in the Companies Act, 1956-, is taken over by the Board, then, notwithstanding anything contained in the said Act or in the memorandum or articles of association of such concern,- (a) it shall not be lawful for the shareholders of such concern or any other person to nominate or appoint any person to be a Director of such concern; (b) no resolution passed at any meeting of the shareholders of such concern shall be given effect to unless approved by the Board; (c) no proceeding for the winding up of such concern or for the appointment of a receiver in respect thereof shall lie in any court, except with the consent of the Board. (2) Subject to the provisions contained.....
List Judgments citing this sectionCoal Mines (Conservation and Development) Act, 1974 Complete Act
State: Central
Year: 1974
.....of the Coal Board as the principal agency to administer the provisions of the Act The 1952 Act provides for the imposition of a cess on all The said Act was enacted at a time when almost the entire coal raised and despatched, and on all coke manufactured coal industry was in private hands In view of the and despatched from the collieries in India While the said nationalisation of the coal mines the continued existence of provisions are being retained in the Bill, the maximum rate the Coal Board is no longer necessary because most of the at which the cess may be levied and collected is being functions of the Coal Board may be better discharged by the increased from four rupees to ten rupees per tonne keeping public sector undertakings which have been set up to work in view the increased cost of conservation and development and develop the nationalised coal mines The Bill, therefore, provides for the abolition of the Coal Board and makes Gaz of Ind 30-4-74, Pt II S 2, Ext, P 397 Act 55 of 1985.-Section 4of the Coal Mines (Conservation and Development) Act, 1974 (28 of 1974), enables the Central Government to exercise such powers and take such measures as it may deem necessary or as.....
List Judgments citing this sectionThe Kerala Moneylenders (Amendment) Act, 1974 [1] Complete Act
State: Kerala
Year: 1974
.....Act. Explanation II.• For the purposes of this clause, clause (7A), proviso to sub-section (1) of section 3, clause (a) of sub-section (3) of section 10, section 16A, and section 17, the word ˜person' shall include " a firm or a joint family;" 3. Amendment of section 4.• In section 4 of the principal Act, after sub-section (4), the following sub-section shall be inserted, namely:• "(4A) The licensing authority may, if it is satisfied that an applicant could not apply for a licence under this Act, for reasons beyond his control within the period referred to in sub-section (1) of section 3, grant a licence with retrospective effect on realising a penalty not exceeding the prescribed licence fee". 4. Amendment of section12.• Section 12 of the principal Act shall be re-numbered as sub-section (1) of that section and, after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:• "(2) No court inferior to that of a Magistrate of the First Class shall try any offence punishable under this Act". 5. Amendment of section 22.• To section 22 of the principal Act, the following proviso shall be added, namely:•.....
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