Bare Act Search Results

British India Corporation Limited (Acquisition of Shares ) Act , 1981 Chapter II

Title: Acquisition of the Shares of the Company

State: Central

Year: 1981

....., of the company), as it may consider necessary and the provisions . so made shall have effect notwithstanding anything contained in the companies Act 1956. Section 5 - Payments of amounts (1) For the transfer to and vesting in the central government under section 3, of the shares of the company , there shall be given by the central government to the shareholders of the company , in case and in the manner specified in section 7, an amount of rupees twenty two lakhs and sixty thousand. (2) The amount , referred to in sub-section (1) , shall carry simple interest at the rate of four percent , per annum for the period commencing on the appointed day and ending on the date on which payment of such amount is made by the central government to the commissioner. Section 6 - Appointment of commissioner of payments (1) The central government shall , for the purpose of disbursing the amounts payable to shareholders of the company under section 5, by notification , appoint a commissioner of payments. (2) The central government may appoint such other persons as it may think fit to assist the commissioner and thereupon the commissioner may authorise one or more of such persons.....

Jayanti Shipping Company ( Acquisition of Shares ) Act , 1971 Chapter II

Title: Acquisition of Shares of the Company

State: Central

Year: 1971

.....whatsoever. Section 4 - Apportionment and manner of payment of compensation (1) The amount of compensation payable under clause (b) of sub-section 1 of section 3 to the share holder shall be apportioned among the shareholders according to the number of shares held by such shareholders (2) The amount of compensation payable to a shareholder in accordance with the provisions of sub-section (1) shall be given to him, at his option.-- (a) in cash (to be paid by cheque drawn on the Reserve Bank of India) in three equal annual instalments, the amount of each instalment carrying interest at the rate of four per cent.per annum from the appointed day, or (b) in saleable or otherwise transferable promissory notes or stock certificates of the Central Government issued and repayable at par, and maturing at the end of-- (i) ten years from the appointed day and carrying interest from that day at the rate of four and a half per cent.per annum, or (ii) thirty years from the appointed day and carrying interest from that day at the rate of five and a half per cent.per annum, or (c) partly in cash (to be paid by cheque drawn on the Reserve Bank of India) and partly in such.....

Jayanti Shipping Company ( Acquisition of Shares ) Act , 1971 Section 3

Title: Vesting of Shares of Company in Central Government and Compensation Therefor

State: Central

Year: 1971

(1) On the appointed day,-- (a) All shares in the Capital of the company shall by virtue of this Act be deemed to be transferred to and vested in the Central government free from all trust, Liabilities and encumbrances; and (vesting of shares of the company in the Central Government and the compensation therefore) (b) As compensation therefore the central Government shall, in accordance to the provision of the section 4 paid to the share holders in the sum of Rs.4 crores and 50 lakhs in the aggregate. (2) For the removal of doubts it is hereby declare that transferred and vesting of shares effected under clause A of sub-section 1 shall not be deemed to affect any right of the company substituting immediately before the appointed day against any shareholder to recover from him any sum of money on the ground that the shareholder has not paid or credited to the company the whole or any part of the value of the shares help by him or on any other ground whatsoever.

The Orissa Textile Mills Limited (Acquistion of Shares) Act, 1983 Complete Act

State: Orissa

Year: 1983

THE ORISSA TEXTILE MILLS LIMITED (ACQUISTION OF SHARES) ACT, 1983 THE ORISSA TEXTILE MILLS LIMITED (ACQUISTION OF SHARES) ACT, 1983 Orissa Act 27 of 1983 [Received the assent of the President on the 12th October 1983, fist published in an extraordinary issue of the Orissa Gazette, dated the 14th October 1983] An act to provide for the acquisition or shares of the Orissa Textile Mills Limited with a view to securing proper management of affairs of the company and the continuity and development of the product ion of goods which are vital to the needs of the country and for matters connected therewith or incidental thereof Be it enacted by the Legislature of the State of Orissa in the Thirty-fourth Year of the Republic of India, as follows;" CHAPTER I Preliminary 1. Short title and commencement. (1) This Act may be called the Orissa Textile Mills Limited (Acquisition of Shares) Act, 1983. (2) It shall be deemed to have come into force on the 27th day of August, 1983. 2. Definitions. In this Act, unless the context otherwise requires," (a) "appointed day" means the date of commencement of this Act; (b) "bank" means a banking company within the.....

The Denzong Agricultural Cooperative Limited (Acquisition of Certain Shares and Miscellaneous Provisions) Act, 1991 Complete Act

State: Sikkim

Year: 1991

.....published for general information:- THE DENZONG AGRICULTURAL CO-OPERATIVE LIMITED (ACQUISITION OF CERTAIN SHARES AND MISCELLANEOUS PROVISIONS) ACT, 1991 . (ACT NO. 6 OF 1991 ) An Act to provide in the public interest for acquisition of shares held by individual members of the Denzong Agricultural Co-operative Limited for its better and smooth functioning and extension of better co-operative facilities in the State of Sikkim with a view to providing an apex (Federal) Co-operative character to the Denzong Agricultural Co-operative Limited and for matters connected therewith or incidental thereto. Be it enacted by the Legislative Assembly of Sikkim in the Forty-second Year of the Republic of India as follows :- CHAPTER-I Preliminary Short title and Commencement 1. (1) This Act may be called the Denzong Agricultural Co-operative Limited (Acquisition of Certain Shares and Miscellaneous Provisions) Act, 1991. (2) It shall be deemed to have come into force from 3rd day of July, 1991. Definitions. 2. In this Act, unless the context otherwise requires,- (a) "Denzong Co-operative" means the Denzong Agricultural Co-operative Limited; 12 of 1978 (b).....

Companies (Issue of Share Capital with Differential Voting Rights) Rules, 2001 Complete Act

State: Central

Year: 2001

.....company has obtained the approval of share holders in General Meeting by passing resolution as required under the provision of sub-clause (a) of sub-section (1) of section 94 read with sub-section (2) of the said section. 8. the listed public company obtained approval of share holders through Postal Ballot. 9. the notice of the meeting at which resolution is proposed to be passed is accompanied by an explanatory statement stating " (a) the rate of voting rights which the equity share capital with differential voting right shall carry; (b) the scale or in proportion to which the voting rights of such class or type of shares will vary; (c) the company shall not convert its equity capital with voting rights into equity share capital with differential voting rights and the shares with differential voting rights into equity share capital with voting rights; (d) the shares with differential voting rights shall not exceed 25% of the total share capital issued; (e) that a member of the company holding any equity share with differential voting rights shall be entitled to bonus shares, right shares of the same class; (f) the holders of the equity shares with differential.....

British India Corporation Ltd (Acquisition of Shares) Act, 1981 Complete Act

State: Central

Year: 1981

.....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. SECTION 21: REPEAL AND SAVING (1) The British India Corporation (Acquisition of Shares) Ordinance, 1981, is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the Ordinance so repealed shall be deemed to have been done or taken under the corresponding provisions of this Act. Central Bare Acts

Jayanti Shipping Company (Acquisition of Shares) Act, 1971 Complete Act

State: Central

Year: 1971

.....into by him with the Company whether such loss or termination was due to the provisions of the Jayanti Shipping Company (Taking Over of Management) Act, 1966or this Act. SECTION 09: CONTRACTS IN BAD FAITH, ETC., MAY BE CANCELIED OR VARIED The Company may, within three years from the appointed day, make an application to any court having jurisdiction in this behalf for the purpose of canceling or varying any contract or agreement entered into, at any time before the issue of the notified order under sub-section (1) of section 3 of the Jayanti Shipping Company (Taking Over of Management) Act, 1966, between the Company and any other person and the court may, if satisfied after due inquiry that such contract or agreement had been entered into in bad faith and is detrimental to the interests of the Company, make an order canceling or carrying (either unconditionally or subject to such conditions as it may think fit to impose) that contract or agreement, and the contract or agreement shall have effect accordingly. SECTION 10 Duty to deliver possession of property of Company and documents relating to Company Any person who has in his possession, custody or under his control any.....

Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act, 2007 Chapter II

Title: Mandatory Sharing of Sport Broadcasting Signals with Prasar Bharati

State: Central

Year: 2007

.....or holder and the Prasar Bharati shall be in the ratio of not less than 75:25 in case of television coverage and 50:50 in case of radio coverage. (3) The Central Government may specify a percentage of the revenue received by the Prasar Bharati under sub-section (2), which shall be utilised by the Prasar Bharati for broadcasting other sporting events. Section 4 - Penalties The Central Government may specify penalties to be imposed, including suspension or revocation of licence, permission or registration, for violation of various terms and conditions as may be specified under section 3, subject to the condition that amount of a pecuniary penalty shall not exceed one crore rupees: Provided that no penalty shall be imposed without giving a reasonable opportunity to the service provider: Provided further that no act or omission on the part of any person after the 11th November, 2005 and before the date of promulgation of the Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Ordinance, 2007(Ord.4 of 2007) shall be subjected to penalties.

Sports Broadcasting Signals (Mandatory Sharing with Prasar Bharati) Act, 2007 Section 3

Title: Mandatory Sharing of Certain Sports Broadcasting Signals

State: Central

Year: 2007

(1) No content rights owner or holder and no television or radio broadcasting service provider shall carry a live television broadcast on any cable or Direct-to-Home network or radio commentary broadcast in India of sporting events of national importance, unless it simultaneously shares the live broadcasting signal, without its advertisements, with the Prasar Bharati to enable them to re-transmit the same on its terrestrial networks and Direct-to-Home networks in such manner and on such terms and conditions as may be specified. (2) The terms and conditions under sub-section (1) shall also provide that the advertisement revenue sharing between the content rights owner or holder and the Prasar Bharati shall be in the ratio of not less than 75:25 in case of television coverage and 50:50 in case of radio coverage. (3) The Central Government may specify a percentage of the revenue received by the Prasar Bharati under sub-section (2), which shall be utilised by the Prasar Bharati for broadcasting other sporting events.