State : Central
Year : 1976
INDIAN IRON AND STEEL COMPANY (ACQUISITION OF SHARES) ACT, 1976 INDIAN IRON AND STEEL COMPANY (ACQUISITION OF SHARES) ACT, 1976 89 of 1976 2nd September, 1976 STATEMENT OF OBJECTS AND REASONS Due to mismanagement, there was a progressive decline in the production of the undertakings of the Indian Iron and Steel Company Limited. The condition of the plant and equipment was also not satisfactory and required immediate replacement. Financial difficulties faced by the company were also such that the company was not in a position either to make the necessary replacements or to undertake any plant rehabilitation scheme. In the circumstances, the management of the undertakings of the company was taken over by the Central Government in the public interest for a limited period under a..... List Judgments citing this sectionState : Central
Year : 1978
BOLANI ORES LIMITED (ACQUISITION OF SHARES) AND MISCELLANEOUS PROVISIONS ACT, 1978 BOLANI ORES LIMITED (ACQUISITION OF SHARES) AND MISCELLANEOUS PROVISIONS ACT, 1978 (42 of 1978) 8th December, 1978 STATEMENT OF OBJECTS AND REASONS Bolani Ores Limited was incorporated as a private limited company in June, 1957 for supplying iron ore mainly to the Durgapur Steel Plant. The capital of the company was contributed by the Government of India to the extent of 50.5 pet cent.. the remaining 49.5 per cent. being contributed by the Orissa Mineral Development Company Limited (OMDC), a company of the Bird Group. In February, 1973. the shares of the Central Government in the company were transferred to the Steel Authority of India Limited (SAIL). 2. The present Financial position of the..... List Judgments citing this sectionState : Central
Year : 1981
BRITISH INDIA CORPORATION LTD (ACQUISITION OF SHARES) ACT, 1981 BRITISH INDIA CORPORATION LTD (ACQUISITION OF SHARES) ACT, 1981 29 of 1981 11 September, 1981 STATEMENT OF OBJECTS AND REASONS British India Corporation Limited, Kanpur, was registered as a Public Limited Company in 1920. The Corporation had two Woollen Mills directly owned and run by it, namely, Cawnpore Woollen Mills (CWM), Kanpur and New Egerton Woollen Mills (NEWM), Dhariwal. Together, these unit's employed about 8,000 persons and were engaged in the manufacture of pure woollen and blended goods. Besides, the Corporation also had substantial shares in various other companies, like the Elgin Mills Co. Ltd., Brushware Ltd., Cawnpore Textiles Ltd., Cawnpore Sugar Works Ltd., Champaran Sugar Co. Ltd., Saran..... List Judgments citing this sectionState : Central
Year : 1981
BURMAH OIL COMPANY (ACQUISITION OF SHARES OF OIL INDIA LIMITED AND OF THE UNDERSTAKINGS IN INDIA OR ASSAM OIL COMPANY LIMITED AND THE BURMAH OIL COMPANY (INDIA TRADING) LIMITED) ACT, 1981 BURMAH OIL COMPANY (ACQUISITION OF SHARES OF OIL INDIA LIMITED AND OF THE UNDERSTAKINGS IN INDIA OR ASSAM OIL COMPANY LIMITED AND THE BURMAH OIL COMPANY (INDIA TRADING) LIMITED) ACT, 1981 41 of 1981 28th SEPTEMBER, 1981 STATEMENT OF OBJECTS AND REASONS The Burma Oil Company Limited, a foreign company, has at present the ownership of, and control over, a significant portion of the petroleum products produced, marketed and distributed in India. The said company holds 50% of the shares of Oil India Limited, and Indian company, engaged in the exploration and production of crude oil and gas...... List Judgments citing this sectionState : Central
Year : 1960
COMPANIES (ISSUE OF SHARE CERTIFICATES) RULES, 1960 1. Short title.- These rules may be called the Companies (Issue of Share Certificates) Rules, 1960. 2. Effect of rules.- These rules shall have effect notwithstanding anything to the contrary contained in the articles of association of a company. 3. Definitions.- In these rules, unless the context otherwise requires: (a) "Act" means the Companies Act, 1956 (1 of 1956); (b) "Board" means the Board of Directors of a company or a Committee thereof consisting of not less than three directors where the total number of directors exceeds six and not less than two directors where the total number does not exceed six: Provided that , to the extent that the composition of the Board of Directors permits of it, at least..... List Judgments citing this sectionState : Central
Year : 1960
PREFERENCE SHARES (REGULATION OF DIVIDENDS) ACT, 1960 PREFERENCE SHARES (REGULATION OF DIVIDENDS) ACT, 1960 63 of 1960 An Act to regulate dividends on preference shares of certain companies. BE it enacted by Parliament in the Eleventh Year of the Republic of India as follows:- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called the Preference Shares (Regulation of Dividends) Act, 1960. (2) It extends to the whole of India: Provided that it shall not apply to the State of Jammu and Kashmir except to the extent to which the provisions of this Act relate to the regulation of dividends on preference shares of banking and insurance companies and financial corporations. (3) Notwithstanding anything contained in sub-section (2), the provisions of this Act shall, in..... List Judgments citing this sectionState : Central
Year : 1982
STATE BANK OF SIKKIM (ACQUISITION OF SHARES) AND MISCELLANEOUS PROVISIONS ACT, 1982 STATE BANK OF SIKKIM (ACQUISITION OF SHARES) AND MISCELLANEOUS PROVISIONS ACT, 1982 62 of 1982 6th November, 1982 STATEMENT OF OBKECTS AND REASONS In keeping with the accent on rural and agricultural development as part of the strategy for the country's rapid economic progress, Government appointed a Study Team on Institutional Arrangements for Agricultural Credit in Sikkim under the chairmanship of Dr. C. D. Datey. a former Executive Director of the Reserve Bank. One of the Terms of reference of the Team was to consider the question of setting up a Regional Rural Bank in Sikkim on the pattern of similar banks established in the country. In its report submitted to the Government, the Team..... List Judgments citing this sectionState : 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 ..... List Judgments citing this sectionState : Sikkim
Year : 1991
THE DENZONG AGRICULTURAL CO-OPERATIVE LIMITED (ACQUISITION OF CERTAIN SHARES AND MISCELLANEOUS PROVISIONS) ACT, 1991 GOVERNMENT OF SIKKIM LAW DEPARTMENT GANGTOK NOTIFICATION No.9/LD/1991. Dated Gangtok, the 17th September, 1991. The following Act of the Sikkim Legislative Assembly having received the assent of the Governor oh 17th day of September, 1991, is hereby 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..... List Judgments citing this sectionState : West Bengal
Year : 1985
INFUSIONS (INDIA) LIMITED (ACQUISITION OF SHARES) ACT, 1985 INFUSIONS (INDIA) LIMITED (ACQUISITION OF SHARES) ACT, 1985 22 of 1985 7th October, 1985 An Act to provide for the acquisition, in the public interest, of certain shares of the Infusions (India) Limited, and for matters connected therewith or incidental thereto. WHEREAS the Infusions (India) Limited are at present engaged in the manufacture of transfusion fluids which are vital to the needs of general public; AND WHEREAS investment of a large amount is necessary for the maintenance and development of the production of the undertakings of the Company; AND WHEREAS acquisition by the State Government of an effective control over the affairs of the Company is necessary to enable it to make the investment as aforesaid;..... List Judgments citing this section