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Start Free TrialIron and Steel Companies Amalgamation Act, 1952 [Repealed] Preamble 1
Title: Iron and Steel Companies Amalgamation Act, 1952
State: Central
Year: 1952
..... PREAMBLE An Act to make special provision, in the interests of the general public and the Union, for the amalgamation of certain companies closely connected with each other in the manufacture and production of iron and steel, and for matters connected therewith or incidental thereto. WHEREAS for the purpose of securing, in the interest of the general public and the Union, the efficient and economical expansion and working of the iron and steel industry in India, it is essential that the Steel Corporation of Bengal, Limited, and the Indian Iron and Steel Company, Limited, which are engaged in the manufacture and production of iron and steel, should be amalgamated. AND WHEREAS to give effect to the scheme of the Central Government for the expansion of the iron and steel industry and to make available further resources for such expansion, it is necessary that the said companies should be amalgamated with as little delay as possible; AND WHEREAS the amalgamation of the said companies is also in pursuance of successive recommendations made by the Tariff Board and the Tariff Commission; BE it enacted by Parliament as follows :--
View Complete Act List Judgments citing this sectionIron and Steel Companies Amalgamation Act, 1952 [Repealed] Repealing Act 1
Title: Iron and Steel Companies (Amalgamation and Takeover Laws) Repeal Act, 2000
State: Central
Year: 1952
THE IRON AND STEEL COMPANIES (AMALGAMATION AND TAKEOVER LAWS) REPEAL ACT, 2000 [Act, No. 26 of 2000] [11th August, 2000] PREAMBLE An Act to repeal the Iron and Steel Companies Amalgamation Act, 1952 and the Indian Iron and Steel Company (Taking Over of Management) Act, 1972. Be it enacted by Parliament in the Fifty-first Year of the Republic of India as follows:-- 1. Short title This Act may be called the Iron and Steel Companies (Amalgamation and Takeover Laws) Repeal Act, 2000. 2. Repeal of Acts The Iron and Steel Companies Amalgamation Act, 1952 (79 of 1952) and the Indian Iron and Steel Company (Taking Over of Management) Act, 1972 (50 of 1972) are hereby repealed.
View Complete Act List Judgments citing this sectionIron and Steel Companies Amalgamation Act, 1952 [Repealed] Complete Act
Title: Iron and Steel Companies Amalgamation Act, 1952 [Repealed]
State: Central
Year: 1952
Preamble1 - IRON AND STEEL COMPANIES AMALGAMATION ACT, 1952 Section1 - Short title and commencement Section2 - Definitions Section3 - Amalgamation of certain companies engaged in the iron and steel industry Section4 - Special provision for the transfer of certain items of property Section5 - Saving of contracts, etc., to which the dissolved company is a party Section6 - Saving of legal proceedings to which the dissolved company is a party Section7 - Terms of transfer as respects shareholders in the dissolved company Section8 - Priority as between secured creditors of the dissolved company and secured creditors of the Iron and Steel Company Section9 - Provisions with respect to taxation Section10 - Payment of interim dividends to shareholders in the dissolved company Section11 - Provisions respecting existing officers and other employees of the dissolved company Section12 - Position of directors of the dissolved company Section13 - Dissolution of the Steel corporation of Bengal, Limited Section14 - Power to make rules for facilitating amalgamation Section15 - Repeal of Ordinance VIII of 1952 Repealing Act1 - IRON AND STEEL COMPANIES (AMALGAMATION AND TAKEOVER LAWS).....
List Judgments citing this sectionIndian Iron and Steel Company Acquisition of Shares Act 1976 Preamble 1
Title: Indian Iron and Steel Company (Acquisition of Shares) Act, 1976
State: Central
Year: 1976
.....connected therewith or incidental thereto. WHEREAS the management of the undertaking of the Indian Iron and Steel Company Limited was taken over by the Central Government for a limited period under the Indian Iron and Steel Company (Taking Over of Management) Act, 1972, in order to secure the proper management of such undertaking; AND WHEREAS the top management of the Company was guilty of mismanagement of the affairs of the Company and restoration, after the expiry of the limited period aforesaid, of the management of the affairs of the Company to such top management would be prejudicial to the interests of the Company and to the public interest; AND WHEREAS investments 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 Central Government of an effective control over the affairs of the Company is necessary to enable it to make the investment aforesaid; BE it enacted by Parliament in the Twenty-seventh Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionIron and Steel Companies Amalgamation Act, 1952 [Repealed] Section 8
Title: Priority as Between Secured Creditors of the Dissolved Company and Secured Creditors of the Iron and Steel Company
State: Central
Year: 1952
Creditors of the dissolved company whose debts are secured by a mortgage, charge or lien on the property of the dissolved company or any part thereof shall, with reference to similar secured creditors of the Iron and Steel Company, have such priority in the repayment of the debts as may be determined by agreement between the Iron and Steel Company and the secured creditors of the dissolved company: Provided that in the absence of any such agreement the matter shall be referred by the Iron and Steel Company to the determination of such personas may be appointed by the Central Government in this behalf, and the decision of such person shall be final and binding on the Iron and Steel Company and the secured creditors concerned.
View Complete Act List Judgments citing this sectionIron and Steel Companies (Amalgamation and Takeover Laws) Repeal Act, 2000 Preamble 1
Title: Iron and Steel Companies (Amalgamation and Takeover Laws) Repeal Act, 2000
State: Central
Year: 2000
THE IRON AND STEEL COMPANIES (AMALGAMATION AND TAKEOVER LAWS) REPEAL ACT, 2000 [Act, No. 26 of 2000] [11th August, 2000] PREAMBLE An Act to repeal the Iron and Steel Companies Amalgamation Act, 1952 and the Indian Iron and Steel Company (Taking Over of Management) Act, 1972. Be it enacted by Parliament in the Fifty-first Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionPublic Sector Iron and Steel Companies (Restructuring) Complete Act
Title: Public Sector Iron and Steel Companies (Restructuring)
State: Central
Year: 1978
.....- Provisions relating to officers and other employees of dissolved companies Section15 - Provisions relating to officers and employees of transferred units Section16 - Provisions relating to directors Section17 - Provision relating to auditors Section18 - Compensation for transfer not payable Section19 - Provident Fund Section20 - Gratuity, welfare and other funds Chapter V Section21 - Provisions with respect to income-tax and sur-tax Section22 - Taxes, fees and other charges not payable Chapter VI Section23 - Savings of contracts etc Section24 - Saving of legal proceedings Section25 - Power to remove difficulties Section26 - Act to override the provisions of other laws Section27 - Power to amend memorandum and articles of association ScheduleI - SCHEDULE ScheduleII - SCHEDULE
List Judgments citing this sectionPublic Sector Iron and Steel Companies (Restructuring) Preamble 1
Title: Public Sector Iron and Steel Companies (Restructuring)and Miscellaneous Provisions Act, 1978
State: Central
Year: 1978
THE PUBLIC SECTOR IRON AND STEEL COMPANIES (RESTRUCTURING) AND MISCELLANEOUS PROVISIONS ACT, 1978 [Act, No.16 of 1978] [30th April, 1978] PREAMBLE An Act to provide for restructuring of the iron and steel companies in the public Sector so as to secure better management and grater efficiency in their working and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Twenty-ninth Year of the Republic of India as follows:
View Complete Act List Judgments citing this sectionIron and Steel Companies Amalgamation Act, 1952 [Repealed] Section 3
Title: Amalgamation of Certain Companies Engaged in the Iron and Steel Industry
State: Central
Year: 1952
(1) As from the appointed day, the undertaking of the Steel Corporation of Bengal, Limited, shall be transferred to and shall vest in the Iron and Steel Company. (2) The undertaking of the dissolved company shall be deemed to include all rights, powers, authorities and privileges and all property, movable or immovable, including cash balances, reserves, revenue balances, investments and all other interests and rights in or arising out of such property as may belong to, or be in the possession of, the dissolved company immediately before the appointed day, and all books, accounts and documents relating thereto, and shall also be deemed to include all debts, liabilities and obligations of whatever kind then existing of the dissolved company.
View Complete Act List Judgments citing this sectionPublic Sector Iron and Steel Companies (Restructuring) Section 7
Title: Transfer of Immovable Properties of Hindustan Steel Limited to Metallurgical and Engineering Consultants (India) Limited
State: Central
Year: 1978
On the appointed day, the right, title and interest of the Hindustan Steel Limited in the immovable properties owned by it in Ranchi District of the State of Bihar, together with labilities and obligations in relation thereto, shall stand transferred to, and vest in, the Metallurgical and Engineering Consultants (India) Limited.
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