Title : Miscellaneous
State : Central
Year : 1986
The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in the memorandum or articles of association of any company which is a shipowner or in any agreement, deed or other instrument having effect by virtue of any law other than this Act. Section 18 - Protection of action taken in good faith No suit or other legal proceeding shall lie against the Central Government or any director or administrator appointed by the Central Government or the designated person or any officer or other employee of the Central Government or the designated person for any loss or damage caused or likely to be caused by anything which is in good faith done or intended to be done in pursuance of this Act or any..... View Complete Act List Judgments citing this sectionState : Central
Year : 1986
SHIPPING DEVELOPMENT FUND COMMITTEE (ABOLITION) ACT, 1986 SHIPPING DEVELOPMENT FUND COMMITTEE (ABOLITION) ACT, 1986 66 of 1986 24th December, 1986 An Act to abolish the Shipping Development Fund Committee constituted under the Merchant Shipping Act, 1958 and to provide for certain matters incidental thereto. Be it enacted by Parliament in the Thirty-seventh Year of the Republic of India as follows:-Prefatory Note-Statement of Objects and Reasons.-The Shipping Development Fund Committee (SDFC) was established by the Government in 1959, under Section 15 of the Merchant Shipping Act, 1938, The main function of the SDFC is to ad a minister the Shipping Development Fund, formed with grants and loans from the Government, which is utilized for granting loans and extending..... List Judgments citing this sectionTitle : Abolition of the Shipping Development Fund Committee Andvesting of Assets and Liabilities of the Committee Inthe Central Government
State : Central
Year : 1986
On and form the appointed day, the Shipping Development Fund Committee constituted under section 15 of the Act shall stand abolished, and accordingly the Act shall stand amended as follows:- (a) in the long title, the words "and a Shipping Development Fund" shall be omitted; (b) Part IV shall be omitted. Section 4 - Consequential provisions On the abolition of the Committee,- (a) all the rights and privileges of the Committee shall become the rights and privileges of the Central Government; (b) all properties, movable and immovable, including cash balances, reserve funds, instruments and moneys lying to the credit of the Committee and all rights and interests in, or arising out of, such properties as were immediately before the appointed day, in the ownership, possession,..... View Complete Act List Judgments citing this sectionTitle : Shipping Development Fund Committee (Abolition)amendment Act, 1987
State : Central
Year : 1986
THE SHIPPING DEVELOPMENT FUND COMMITTEE (ABOLITION)AMENDMENT ACT, 1987 [Act, No. 41 of 1987] [2nd December, 1987] PREAMBLE An Act to amend the Shipping Development Fund Committee (Abolition) Act, 1986. BE it enacted by Parliament in the Thirty-eighth Year of the Republic of India as follows: - 1.Short title.- This Act may be called the Shipping Development Fund Committee (Abolition) Amendment Act, 1987. 2.Amendment of Act 66 of 1986.- In section 16 of the Shipping Development Fund Committee (Abolition) Act, 1986, in sub-section (1), for the words "this Chapter", the words "this Act" shall be substituted. View Complete Act List Judgments citing this sectionTitle : Shipping Development Fund Committee (Abolition) Act, 1986
State : Central
Year : 1986
Preamble1 - SHIPPING DEVELOPMENT FUND COMMITTEE (ABOLITION) ACT, 1986 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Abolition of the Shipping Developing Fund Committee and consequential amendments in the Act Section4 - Consequential provisions Section5 - Continuation of suits, etc., against Central Government Section6 - Moneys, etc., of the Committee to be credited to the Consolidated Fund of India Section7 - Transfer of services of existing employees of the Committee Chapter III Section8 - Power of Central Government to call for repayment before agreed period Section9 - Appointment of receiver without intervention of court Section10 - Appointment of directors and administrators Section11 - Effect of notified order Section12 -..... List Judgments citing this sectionTitle : Preliminary
State : Central
Year : 1986
(1) This Act may be called the Shipping Development Fund Committee (Abolition) Act, 1986. (2) It shall come into force on such date{13-4-1987 : Vide Notification No.S.O.304 (E), dated 3.4.1987, Gazette of India, Extraordinary, 1987, Part.II, Section 3 (ii)} as the Central Government may, by notification in the Official Gazette, appoint. Section 2 - Definitions In this Act, unless the context otherwise requires,- (a) "Act" means the Merchant Shipping Act, 1958(44 of 1958); (b) "appointed day" means the date of commencement of this Act; (c) "Committee" means the Shipping Development Fund Committee constituted under section 15 of the Act; (d) "designated person" means the person appointed as such under section 16 of this Act; (e) "Fund" means the Shipping Development..... View Complete Act List Judgments citing this sectionTitle : Special Powers of the Central Government
State : Central
Year : 1986
Notwithstanding anything contained in any other law for the time being in force or anything in any agreement to the contrary, the Central Government may, by notice in writing, require a shipowner to whom the Committee had granted any financial assistance at any time before the appointed day, to discharge forth with in full his entire dues and also discharge his other liabilities to the Central Government, if- (a) it appears to the Central Government that false or misleading information in any material particular was given by the shipowner for the purpose of procuring or for continuing to procure the benefit of such financial assistance; or (b) the shipowner has failed to comply with the terms of his agreement with the Committee; or (c) there is a reasonable apprehension that the..... View Complete Act List Judgments citing this sectionTitle : Consequential Provisions
State : Central
Year : 1986
On the abolition of the Committee,- (a) all the rights and privileges of the Committee shall become the rights and privileges of the Central Government; (b) all properties, movable and immovable, including cash balances, reserve funds, instruments and moneys lying to the credit of the Committee and all rights and interests in, or arising out of, such properties as were immediately before the appointed day, in the ownership, possession, power or control of the Committee, and all books of account, registers, records and all other documents of whatever nature relating thereto, shall vest in the Central Government; (c) all borrowings, liabilities and obligations of the Committee of whatever kind and subsisting immediately before the appointed day, shall be deemed, on and from such..... View Complete Act List Judgments citing this sectionTitle : Shipping Development Fund Committee (Abolition) Act, 1986
State : Central
Year : 1986
THE SHIPPING DEVELOPMENT FUND COMMITTEE (ABOLITION) ACT, 1986 [Act, No. 66 of 1986] [24th December, 1986.] PREAMBLE An Act to abolish the Shipping Development Fund Committee constituted under the Merchant Shipping Act, 1958 and to provide for certain matters incidental thereto. BE it enacted by Parliament in the Thirty-seventh Year of the Republic of India as follows:- View Complete Act List Judgments citing this sectionTitle : Abolition of the Shipping Developing Fund Committee and Consequential Amendments in the Act
State : Central
Year : 1986
On and form the appointed day, the Shipping Development Fund Committee constituted under section 15 of the Act shall stand abolished, and accordingly the Act shall stand amended as follows:- (a) in the long title, the words "and a Shipping Development Fund" shall be omitted; (b) Part IV shall be omitted. View Complete Act List Judgments citing this section