Bare Act Search Results
Home Bare Acts Phrase: shell corporationSign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free TrialBurmah Shell (Acquisition of Undertakings in India) Act, 1976 Chapter II
Title: Acquisition of the Undertakings in India of Burmah Shell
State: Central
Year: 1976
.....the date of such vesting, be deemed to have become the rights and liabilities, respectively, of the Government company. (3) The provisions of sub-section (2) of section 5 shall apply to a lease or tenancy, which vests in a Government company, as they apply to a lease or tenancy vested in the Central Government, and reference therein to the "Central Government" shall be construed as a reference to the Government company. Section 8 - Payment of amount (1) For the transfer and vesting in the Central Government, under sections 3 and 4, of the right, title and interest of Burmah Shell in relation to its undertakings in India, and for the vesting in the Central Government, under section 5, of the rights specified therein, there shall be paid by the Central Government to Burmah Shell an amount of rupees twenty-seven crores and seventy-five lakhs in such instalments and in such manner as are specified in the Second Schedule. (2) Taxes, if any, payable in India by Burmah Shell by reason of the payment of the amount specified in sub-section (l) shall be paid by the Central Government to Burmah Shell in Indian currency, and any amount received by Burmah Shell by way of refund of.....
View Complete Act List Judgments citing this sectionBurmah Shell (Acquisition of Undertakings in India) Act, 1976 Chapter III
Title: Provisions Relating to Employees of Burmah Shell
State: Central
Year: 1976
.....decide it in such manner as it thinks fit and such decision shall be final. (3) Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947), the Payment of Gratuity Act, 1972(39 of 1972), or in any other law for the time being in force, the transfer of the services of any officer or other employee under sub-section (1) shall not entitle any such officer or other employee to any compensation or gratuity under those Acts or such other law, and no such claim shall be entertained by any court, tribunal or other authority. Section 10 - Provident, superannuation, welfare fund, etc. (1) Where a provident, superannuation, welfare or other fund has been established by Burmah Shell for the benefit of the persons employed by it in connection with its undertakings in India, the moneys relatable to the employees (i) whose services are transferred by or under this Act to the Central Government or the Government company; or (ii) who are in receipt of pension or other pensionary benefits immediately before the appointed day, shall, out of the moneys standing, on that day, to the credit of such provident, superannuation, welfare or other fund stand.....
View Complete Act List Judgments citing this sectionBurmah Shell (Acquisition of Undertakings in India) Act, 1976 Section 9
Title: Transfer of Service Existing Employees of Burmah Shell
State: Central
Year: 1976
.....officer or other employee of Burmah Shell was temporarily holding any assignment outside India, the question shall be referred, within a period of two years from the appointed day and not thereafter, to the Central Government which shall, after giving an opportunity of being heard to the person concerned in the matter, decide it in such manner as it thinks fit and such decision shall be final. (3) Notwithstanding anything contained in the Industrial Disputes Act, 1947 (14 of 1947), the Payment of Gratuity Act, 1972(39 of 1972), or in any other law for the time being in force, the transfer of the services of any officer or other employee under sub-section (1) shall not entitle any such officer or other employee to any compensation or gratuity under those Acts or such other law, and no such claim shall be entertained by any court, tribunal or other authority.
View Complete Act List Judgments citing this sectionBurmah Shell (Acquisition of Undertakings in India) Act, 1976 Preamble 1
Title: Burmah Shell (Acquisition of Undertakings in India) Act, 1976
State: Central
Year: 1976
THE BURMAH SHELL (ACQUISITION OF UNDERTAKINGS IN INDIA) ACT, 1976 [Act, No. 2of 1976] [24th January, 1976] PREAMBLE An Act to provide for the acquisition and transfer of the right, title and interest of the Burmah Shell Oil Storage and Distributing Company of India Limited in relation to its undertakings in India with a view to ensuring co-ordinated distribution and utilisation of petroleum products distributed and marketed in India by the said company and for matters connected therewith or incidental thereto. WHEREAS Burmah Shell Oil Storage and Distributing Company of India Limited, a foreign company, is carrying on in India the business of distributing and marketing petroleum products and has, for that purpose, established places of business at Bombay and other places in India.' AND WHEREAS it is expedient in the public interest that the undertakings in India, or Burmah Shell Oil Storage and Distributing Company of India Limited, should be acquired in order to ensure that the ownership and control of the petroleum products distributed and marketed in India by the said company are vested in the State and thereby so distributed as best to subserve the common good; .....
View Complete Act List Judgments citing this sectionBurmah Shell (Acquisition of Undertakings in India) Act, 1976 Complete Act
Title: Burmah Shell (Acquisition of Undertakings in India) Act, 1976
State: Central
Year: 1976
Preamble1 - BURMAH SHELL (ACQUISITION OF UNDERTAKINGS IN INDIA) ACT, 1976 Chapter I Section1 - Short title Section2 - Definitions Chapter II Section3 - Transfer and vesting in the Central Government of the undertakings of Burmah Shell in India Section4 - General effect of vesting Section5 - Central Government to be lessee or tenant under certain circumstances Section6 - Removal of doubts Section7 - Power of Central Government to direct vesting of the undertakings of the Burmah Shell in a Government company Section8 - Payment of amount Chapter III Section9 - Transfer of service existing employees of Burmah Shell Section10 - Provident, superannuation, welfare fund, etc. Chapter IV Section11 - Effect of Act on other laws Section12 - Deliver possession of properties, etc. Section13 - Contracts to continue unless terminated by Central Government Section14 - Penalties Section15 - Offences by companies Section16 - Protection of action taken in good faith Section17 - Cognizance of offences Section18 - Indemnity Section19 - Power to remove difficulties Section20 - Power to make rules Schedule1 - FIRST SCHEDULE Schedule2 - SECOND SCHEDULE
List Judgments citing this sectionBurmah Shell (Acquisition of Undertakings in India) Act, 1976 Section 7
Title: Power of Central Government to Direct Vesting of the Undertakings of the Burmah Shell in a Government Company
State: Central
Year: 1976
.....in relation to its undertakings in India vest in a Government company under sub-section (l), the Government company shall, on and from the date or such vesting, be deemed to have become the owner, tenant or lessee, as the case may be, in relation to such undertakings, and all the rights and liabilities of the Central Government in relation to such undertakings shall, on and from the date of such vesting, be deemed to have become the rights and liabilities, respectively, of the Government company. (3) The provisions of sub-section (2) of section 5 shall apply to a lease or tenancy, which vests in a Government company, as they apply to a lease or tenancy vested in the Central Government, and reference therein to the "Central Government" shall be construed as a reference to the Government company.
View Complete Act List Judgments citing this sectionBurmah Shell (Acquisition of Undertakings in India) Act, 1976 Section 3
Title: Transfer and Vesting in the Central Government of the Undertakings of Burmah Shell in India
State: Central
Year: 1976
On the appointed day, the right, title and interest of Burmah Shell, in relation to its undertakings in India, shall stand transferred to, and shall vest in, the Central Government.
View Complete Act List Judgments citing this sectionAir Corporations Act, 1953 [Repealed] Chapter II
Title: Constitution and Functions of the Corporations
State: Central
Year: 1953
.....reconstruct, assemble or recondition aircraft, vehicles or other machines and parts, accessories and instruments thereof or therefor and also to manufacture such parts, accessories and instruments, whether the aircraft, vehicles or other machines are owned by the Corporation or by any other person; (f) to enter into and perform all such contracts as are calculated to further the efficient performance of its duties and the exercise of its powers under this Act; (g) to perform any functions as agent or contractor in relation to an air transport service operated by any other person; (h) with the previous approval of the Central Government, to enter into agreements with any person engaged in air transportation with a view to, enabling such person to provide air transport services on behalf of or in association with the Corporation; (i) with the previous approval of the Central Government, to determine and levy fares and freight rates and other charges for or in respect of the carriage of passengers and goods on air transport services operated by it; 1[(ii) to make such grants as it thinks fit as contribution or donation, in furtherance of the interests of the Corporation,.....
View Complete Act List Judgments citing this sectionAir Corporations Act, 1953 [Repealed] Repealing Act 1
Title: Air Corporations (Transfer of Undertakings and Repeal) Act, 1994
State: Central
Year: 1953
.....of this Act, the Central Government may, by order published in the Official Gazette, not inconsistent with the provisions of this Act, remove the difficulty: Provided that no such order shall be made after the expiry of a period of two years from the coming into force of this Act. (2) Every order made under sub-section (1) shall be laid before each House of Parliament. 11. Repeal of Act 27 of 1953 and cessation of corporations (1) On the appointed day, the Air Corporations Act, 1953 shall stand repealed. (2) The corporations shall, with the repeal of the Air Corporations Act, 1953, cease to exit. 12. Repeal and saving (1) The Air Corporations (Transfer of Undertakings and Repeal) Ordinance, 1994 (Ordinance 4 of 1994) is hereby repealed. (2) Notwithstanding such repeal of the Air Corporations (Transfer of Undertakings and Repeal) Ordinance, 1994 (Ordinance 4 of 1994), anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.
View Complete Act List Judgments citing this sectionLife Insurance Corporation Act, 1956 Chapter 4
Title: Transfer of Existing Life Insurance Business to the Corporation
State: Central
Year: 1956
.....in the first instance, and if the amount so determined is approved by the Central Government it shall be offered to the insurer in full satisfaction of the compensation payable to him under this Act, and if, on the other hand, the amount so offered is not acceptable to the insurer he may within such time as may be prescribed for the purpose have the matter referred to the Tribunal for decision. Section 17 - Constitution of Tribunals (1) The Central Government may for the purposes of this Act constitute one or more Tribunals and each of the Tribunals shall consist of three members appointed by the Central Government one of whom shall be a person who is, or has been, a Judge of a High Court or has been a Judge of the Supreme Court, and he shall be the Chairman thereof. (2) A Tribunal may choose one or more persons possessing special knowledge of any matter relating to any case under inquiry to assist the Tribunal in determining any question which has to be decided by it under this Act. (3) Every Tribunal shall have the powers of a civil court while trying a suit under the Code of Civil Procedure, 1908 (5 of 1908), in respect of the following matters:- (a).....
View Complete Act List Judgments citing this section- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial