Title : Power to Make Rules
State : Central
Year : 1974
(1) The Central Government may, by notification, make rules to carry out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely : (a) the time within which the manner in which an intimation referred to in sub-section (4) of section 4 shall be given; (b) the manner in which monies in any provident or other fund referred to in section 15 shall be dealt with; (c) any other matter which is required to be, or may be, prescribed. (3) Every rule made by the Central Government under this Act shall be laid, as soon as may be . after it is made, before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one..... View Complete Act List Judgments citing this sectionTitle : Act to Override All Other Enactments
State : Central
Year : 1974
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 any instrument having effect by virtue of any law other than this Act or in any decree or order of any Court, Tribunal or authority. View Complete Act List Judgments citing this sectionTitle : Power to Remove Difficulties
State : Central
Year : 1974
If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order 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 date on which this Act receives the assent of the President. View Complete Act List Judgments citing this sectionTitle : Miscellaneous
State : Central
Year : 1995
(1) Where any liability of the owner of a textile undertaking arising out of any item specified in category I of the Second Schedule is not discharged fully by the Commissioner out of the amount paid to him under this Act, the Commissioner shall intimate in writing to the Central Government the extent of the liability which remains undischarged, and that liability shall be assumed by the Central Government. (2) The Central Government may, by order, direct the National Textile Corporation to take over any liability assumed by that Government under sub-section (1), and on receipt of such direction, it shall be the duty of the National Textile Corporation to discharge such liability. Section 28 - Management to continue or vest in the Custodian until alternative arrangements are made ..... View Complete Act List Judgments citing this sectionTitle : Payment of Amounts
State : Central
Year : 1995
The owner of every textile under taking shall be given by the Central Government, in cash and in the manner specified in Chapter VI, for the transfer to, and vesting in it, under sub-section (1) of section 3 of such textile undertaking and the right, title and interest of the owner in relation to such textile undertaking, an amount equal to the amount specified against it in the corresponding entry in columa (4) of the First Schedule. Section 9 - Payment of further amount (1) In consideration of the retrospective operation of the provisions of sections 3, 4 and 5, there shall be given, in cash, by the Central Government, to the owner of every textile undertaking, the management of which was taken over by the Central Government an amount equal to an amount calculated at the rate..... View Complete Act List Judgments citing this sectionTitle : Management Etc.of Textile Undertakings
State : Central
Year : 1995
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, directing, control and management of the affairs and business of a textile undertaking, the right, title and interest of an owner in relation to which have vested in that Corporation under sub-section (2) of section 3, and do all such things as the owner of the textile undertaking is authorised to exercise and do. Section 11 - Special provision for disposal of assets of the textile undertakings in certain circumstances (1) If the National Textile Corporation considers it necessary or expedient for the better management modernisation, restructuring, or revival of a textile undertaking so to do, it may, with the..... View Complete Act List Judgments citing this sectionTitle : Commissioners of Payments
State : Central
Year : 1995
(1) For the purpose of disbursing the amount payable to the owner of each textile undertaking, the Central Government shall, by notification in the Official Gazette. (a) appoint such number of persons as it may think fit to be Commissioners of Payments; and (b) define the local limits within which the Commissioners of Payments shall exercise the powers conferred, and perform the duties imposed, on them by or under this Act. (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 also to exercise all or any of the powers exercisable by him under this Act, and different persons may be authorised to exercise different powers. (3) Any person authorised by the..... View Complete Act List Judgments citing this sectionState : Central
Year : 1995
TEXTILE UNDERTAKINGS (NATIONALISATION) ACT, 1995 TEXTILE UNDERTAKINGS (NATIONALISATION) ACT, 1995 39 of 1995 8th September, 1995 An Act to provide for the acquisition and transfer of the textile undertakings, and the right, title and interest of the owners in respect of the textile undertakings, specified in the First Schedule with a view to augmenting the production and distribution of different varieties of cloth and yarn so as to sub-serve the interests of the general Public and for matters connected therewith or incidental thereto, Whereas the textile companies specified in column (3) of the First Schedule have, through their undertakings specified in column (2) of the said Schedule, been engaged in the manufacture and production of different varieties of cloth and yarn;..... List Judgments citing this sectionTitle : Acquisition and Transfer of the Textile Undertakings
State : Central
Year : 1995
(1) On the appointed day1, the right, title and interest of the owner in relation to every textile undertaking sh all stand transferred to and sh all vest absolutely in, the Central Government. ( 2 ) Every textile undertaking which stands vested in the Central Government by virtue of sub -section ( 1 ) sh all immediately after it has so vested, stand transferred to and vested in, the National Textile Corp oration. ________________________ 1. 18 - 9 - 1995 , Section 4 - General effect of vesting (1) The textile undertakings referred to in section 3 shall be deemed to include all assets, rights, leaseholds, powers, authorities and privilege and all property, movable and immovable, including lands, buildings, workshops, stores, instruments, machinery and equipment, cash balances,..... View Complete Act List Judgments citing this sectionTitle : General Effect of Vesting
State : Central
Year : 1995
(1) The textile undertakings referred to in section 3 shall be deemed to include all assets, rights, leaseholds, powers, authorities and privilege and all property, movable and immovable, including lands, buildings, workshops, stores, instruments, machinery and equipment, cash balances, cash on hand, reserve funds, investments and books debts pertaining to the textile undertakings and all other rights and interests in or arising out of, such property as were immediately before the appointed day in the ownership, possesion, power or control of the textile company in relation to the said undertakings, whether within or outside India, and all books of account, registers and all other documents of whatever nature relating thereto and shall also be deemed to include the liabilities and..... View Complete Act List Judgments citing this section