Title : Management, Etc. of the Textile Undertakings
State : Central
Year : 1986
The National Textile Corporation or any person which that Corporation may, by order in writing, specify, shall be entitled to exercise the powers of general superintendence, direction, control and management of the affairs and business of a textile undertaking, the right, title and interest" of the Company in relation to which have vested in that Corporation under sub-section (2) of section 3, and do all such things as the Company is authorised to exercise and do. Section 10A - Special provision for disposal of assets of the textile undertakings in certain circumstances 1 [10A. Special provision for disposal of assets of the textile undertakings incertain circumstances If the National TextileCorporation considers it necessary or expedient for the better management,modernisation,..... View Complete Act List Judgments citing this sectionTitle : Payment of Amount
State : Central
Year : 1981
(1) For the transfer to, and vesting in, the Central Government under section 3 of the shares of Oil India, and for the transfer to, and vesting in, the Central Government under section 5, of the right, tittle and interest of each specified company in relation to its undertakings in India, there shall be paid by the Central Government an aggregate amount of rupees twenty-one crores and fifty-six lakhs, free of taxes, to the Burmah Oil Company and such amount shall be allowed to be remitted to that company in one installment in pound sterling calculated at the rate of exchange in force on the date of such remittance. (2) Where the amount specified in sub-section (1) is not paid on a or before the 15th day of October, 1981 it shall carry simple interest, free of taxes, at the rate of..... View Complete Act List Judgments citing this sectionTitle : Management, Etc., of the Undertakings of the Company
State : Central
Year : 1976
(1) The general superintendence, direction, control and management of the affairs and business of the undertakings of the Company, the right, title and interest in relation to which have vested in the Central Government under section 3, shall,- (a) where a direction has been made by the Central Government under sub-section (1) of section 6, vest in the Government company specified in such direction, or (b) where no such direction has been made by the Central Government, vest in one or more Custodians appointed by the Central Government under sub-section (2). and thereupon the Government company so specified or the Custodian so appointed, as the case may be, shall be entitled to exercise all such powers and do all such things as the Company is authorised to exercise and do in..... View Complete Act List Judgments citing this sectionTitle : Short Title, Extent and Commencement
State : Karnataka
Year : 1974
(1) This Act may be called theKarnataka Electricity Supply Undertakings (Acquisition) Act, 1974. (2) It extends to the whole of the State of Karnataka. (3) It shall come into force on such1 [date] as the Government may, by notification, appoint. _________________________ 1. Act came into force on 18.12.1974 by notification No. PWD 17 EIG 73dated 18.12.1974. View Complete Act List Judgments citing this sectionTitle : General Effect of Vesting
State : Karnataka
Year : 1974
(1) The Undertakings of the companies vesting in the Government under section 4 shall be deemed to consist only of property, rights, liabilities and obligations specified hereunder,- (i) all the fixed assets of the companies and all documents relating to the undertakings; (ii) all the rights, liabilities and obligations of the companies under hire purchase agreements, if any, for the supply of materials or equipment made bona fide before the vesting date; (iii) all the rights, liabilities and obligations of the companies under any other contract entered into bona fide before the vesting date not being a contract relating to the borrowing or lending of money. (2) All the assets specified in item (i) of sub-section (1) shall vest in the Government free from any debts, mortgages or..... View Complete Act List Judgments citing this sectionTitle : Application to the Tribunal
State : Karnataka
Year : 1974
1 [7A.Application to the Tribunal Any person disputing,- (i) the amount determinable and payable under section 5; or, (ii) as to which property, rights, liabilities and obligations of thecompanies vest in the Government under section 6; or (iii) the amount liable to be deducted under section 7; may within three months from the date of commencement of the KarnatakaElectricity Supply Undertakings (Acquisition) (Amendment) Act, 1995, apply tothe Tribunal. Provided that the Tribunal may entertain such application after theperiod specified above if it is satisfied that the person making theapplication had sufficient cause for not making the application within thatperiod.] __________________________ 1. Section 7A Inserted by Act 9 of 1995 w.e.f. 18.12.1974. View Complete Act List Judgments citing this sectionState : Orissa
Year : 1974
THE UTKAL UNIVERSITY (TAKING OVER OF MANAGEMENT) ACT, 1974 THE UTKAL UNIVERSITY (TAKING OVER OF MANAGEMENT) ACT, 1974 Orissa Act 7 of 1975 [Received the assent of the Governor on the 10th January 1975, first published in an extraordinary issue of the Orissa Gazette, dated the 16th January 1975] An act provide for the taking over of the management of the affairs of the utkal university for a limited period in order to secure proper management of the same. Be it enacted by the Legislature of the State of Orissa in the Twenty-fifth Year of the Republic of India as follows:" 1. Short title and commencement. (1) This Act may be called the Utkal University (Taking Over of Management) Act, 1974. (2) It shall be deemed to have come into force on the 30th day of July,..... List Judgments citing this sectionTitle : Payment of Amounts
State : Central
Year : 1984
For the transfer to, and vesting, in, the Central Government, under section 3, of the undertakings of each of the two companies, and the right, title and interest of each of the two companies in relation to its undertakings, there shall be paid by the Central Government to each of the two companies, in cash and in the manner specified in Chapter VI, amount equal to the amount specified against the name of such company in the First Schedule. Section 9 - Payment of further amounts (1) For the deprivation of the two companies of the management of their undertakings during the period commencing on the date on which the undertakings of each such company was taken over in pursuance of the orders made by the Central Government under the provisions of the Industries (Development and..... View Complete Act List Judgments citing this sectionTitle : General Effect of Vesting
State : Central
Year : 1985
(1) The undertakings of the Company shall be deemed to include all assets, rights, lease-holds, powers, authorities and privileges, and all property, movable and immovable, including lands, buildings, workshops, stores, instruments, machinery and equipment, cash balances, cash on hand, cheques, demand drafts, reserve funds, investments, books debts and all other rites and interests in, or arising out of, such property as were immediately before the appointed day in the ownership, possession, power or control of the Company, whether within or outside India, and all books of account, registers and all other documents of whatever nature relating thereto. (2) All properties as aforesaid which have vested in the Central Government under section 3 shall, by force of such vesting , be freed..... View Complete Act List Judgments citing this sectionTitle : Duty of Persons in Charge of Management of the Undertaking of the Company to Deliver All Assets Etc.
State : Central
Year : 1985
On the vesting of the undertakings of the Company in the Central Government, all perosns in charge of the management of the undertakings immediately before such vesting, shall be bound to deliver to the Central Government all assets, books of account, registers or other documents in their custody relating to the undertaking. Section 9 - Duty of persons to account for assets, etc., in their possession (1) Any person who has, on the appointed day, in his possession or under his control, any assets, books, documents or other papers relating to the undertakings owned buy the Company which have vested in the Central Government and which belong to the Company, or would have so belonged, it the undertakings owned by the Company had not vested in the ;Central Government, shall be liable to..... View Complete Act List Judgments citing this section