Bare Act Search Results

The Mines And Minerals (Development And Regulation) Amendment Act, 2015 Complete Act

State: Central

Year: 2015

.....AND REGULATION) AMENDMENT ACT, 2015 NO. 10 OF 2015 [26th March, 2015.] An Act further to amend the Mines and Minerals (Development and Regulation) Act, 1957. Be it enacted by Parliament in the Sixty-sixth Year of the Republic of India as follows: Short title and commencement 1. (1) This Act may be called the Mines and Minerals (Development and Regulation) Amendment Act, 2015. (2) It shall be deemed to have come into force on the 12th day of January, 2015. Amendment of section 3. 2. In the Mines and Minerals (Development and Regulation) Act, 1957 (hereinafter referred to as the principal Act), in section 3, (i) after clause (e), the following clause shall be inserted, namely: (ea) notified minerals means any mineral specified in the Fourth Schedule; ; (ii) after clause (g), the following clause shall be inserted, namely: (ga) prospecting licence-cum-mining lease means a two stage concession granted for the purpose of undertaking prospecting operations followed by mining operations; ; (iii) in clause (hb), the word and , occurring at the end, shall be omitted; (iv) after clause (hb), the following clause shall be inserted, namely: (hc) Special Court means a Court.....

The Mines And Minerals (Development And Regulation) Amendment Ordinance, 2015 Complete Act

State: Central

Year: 2015

.....Amendment Ordinance, 2015. (2) It shall come into force at once. 2. Amendment of section 3. In the Mines and Minerals (Development and Regulation) Act, 1957 (hereinafter referred to as the principal Act), in section 3, - (i) after clause (e), the following clause shall be inserted, namely:- (ea) notified minerals means any mineral specified in the Fourth Schedule, ; (ii) after clause (g), the following clause shall be inserted, namely:- (ga) prospecting licence-cum-mining lease means a two stage concession granted for the purpose of undertaking prospecting operations followed by mining operations; ; (iii) in clause (hb), the word and occurring at the end shall be omitted; (iv) after clause (hb), the following clause shall be inserted, namely:- (hc) Special Court means a Court of Session designated as Special Court under sub-section (1) of section 30B; and . 3. Amendment of section 4 In section 4 of the principal Act, in the second proviso to sub-section (1), for the words and figures section 617 of the Companies Act, 1956 , the words, brackets and figures clause (45) of section 2 of the Companies Act, 2013, and any such entry that may be notified for this purpose.....

Companies Act, 2013, Section 230

Title: Power to Compromise or Make Arrangements with Creditors and Members

State: Central

Year: 2013

.....company or any other person, by whom an application is made under subsection (1), shall disclose to the Tribunal by affidavit-- (a) all material facts relating to the company, such as the latest financial position of the company, the latest auditor's report on the accounts of the company and the pendency of any investigation or proceedings against the company; (b) reduction of share capital of the company, if any, included in the compromise or arrangement; (c) any scheme of corporate debt restructuring consented to by not less than seventy-five per cent. of the secured creditors in value, including-- (i) a creditor's responsibility statement in the prescribed form; (ii) safeguards for the protection of other secured and unsecured creditors; (iii) report by the auditor that the fund requirements of the company after the corporate debt restructuring as approved shall conform to the liquidity test based upon the estimates provided to them by the Board; (iv) where the company proposes to adopt the corporate debt restructuring guidelines specified by the Reserve Bank of India, a statement to that effect; and (v) a valuation report in respect of the shares and the.....

Companies Act, 2013, Section 236

Title: Purchase of Minority Shareholding

State: Central

Year: 2013

.....negotiate or reach an understanding on a higher price for any transfer, proposed or agreed upon, of the shares held by them without disclosing the fact or likelihood of transfer taking place on the basis of such negotiation, understanding or agreement, the majority shareholders shall share the additional compensation so received by them with such minority shareholders on a pro rata basis. Explanation.--For the purposes of this section, the expressions "acquirer" and "person acting in concert" shall have the meanings respectively assigned to them in clause (b) and clause (e) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. (9) When a shareholder or the majority equity shareholder fails to acquire full purchase of the shares of the minority equity shareholders, then, the provisions of this section shall continue to apply to the residual minority equity shareholders, even though,-- (a) the shares of the company of the residual minority equity shareholder had been delisted; and (b) the period of one year or the period specified in the regulations made by the Securities.....

Companies Act, 2013, Section 261

Title: Scheme of Revival and Rehabilitation

State: Central

Year: 2013

.....to be prepared a scheme of revival and rehabilitation of the sick company after considering the draft scheme filed along with the application under section 254. (2) A scheme prepared in relation to any sick company under sub-section (1) may provide for any one or more of the following measures, namely:-- (a) the financial reconstruction of the sick company; (b) the proper management of the sick company by any change in, or by taking over, the management of such company; (c) the amalgamation of-- (i) the sick company with any other company; or (ii) any other company with the sick company; (d) takeover of the sick company by a solvent company; (e) the sale or lease of a part or whole of any asset or business of the sick company; (f) the rationalisation of managerial personnel, supervisory staff and workmen in accordance with law; (g) such other preventive, ameliorative and remedial measures as may be appropriate; (h) repayment or rescheduling or restructuring of the debts or obligations of the sick company to any of its creditors or class of creditors; (i) such incidental, consequential or supplemental measures as may be necessary or expedient in connection.....

Wakf (Amendment) Act, 2013, (Central) Section 35

Title: Amendment of Section 56

State: Central

Year: 2013

In section 56 of the principal Act,-- (a) in sub-section (1),-- (i) for the words "A lease or sub-lease for any period exceeding three years", the words "A lease for any period exceeding thirty years" shall be substituted; (ii) the following provisos shall be inserted at the end, namely:-- "Provided that a lease for any period up to thirty years may be made for commercial activities, education or health purposes, with the approval of the State Government, for such period and purposes as may be specified in the rules made by the Central Government: Provided further that lease of any immovable waqf property, which is an agricultural land, for a period exceeding three years shall, notwithstanding anything contained in the deed or instrument of waqf or in any other taw for the time being in force, be void and of no effect: Provided also that before making lease of any waqf property, the Board shall publish the details of lease and invite bids in at least one leading national and regional news papers."; (b) in sub-section (2), for the words "A lease or sub-lease for any period exceeding one year and not exceeding three years", the words "A lease for a period of one year.....

Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2012, (Central) Section 5

Title: Amendment of Section 13

State: Central

Year: 2012

.....in this behalf, to bid for the immovable property on behalf of the secured creditor at any subsequent sale. (5B) Where the secured creditor, referred to in sub-section (5A) is declared to be the purchaser of the immovable property at any subsequent sale, the amount of the purchase price shall be adjusted towards the amount of the claim of the secured creditor for which the auction of enforcement of security interest is taken by the secured creditor, under sub-section (4) of section 13. (5C) The provisions of section 9 of the Banking Regulation Act, 1949(10 of 1949) shall, as far as may be, apply to the immovable property acquired by secured creditor under sub-section (5A).". (c) in the opening portion of sub-section (9), and in the Explanation thereto, for the word "three-fourth", occurring at both the places, the words "sixty per cent." shall be substituted.

Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2012 Complete Act

State: Central

Year: 2012

.....or satisfaction thereof, the order shall not prejudice any rights acquired in respect of the property concerned or financial asset before the transaction is actually registered.". 10. Substitution of new Section for Section 30." For Section 30 of the principal Act, the following Section shall be substituted, namely" "30. Cognizance of offences."( 1 ) No court shall take cognizance of any offence punishable under Section 27 in relation to non-compliance with the provisions of Section 23, Section 24 or Section 25 or under Section 28 or Section 29 or any other provisions of the Act, except upon a complaint in writing made by an officer of the Central Registry or an officer of the Reserve Bank, generally or specially authorised in writing in this behalf by the Central Registrar or, as the case may be, the Reserve Bank. ( 2 ) No court inferior to that of a Metropolitan Magistrate or a Judicial Magistrate of the first class shall try any offence punishable under this Act.". 11. Insertion of new Section 31-A." After Section 31.....

The Uttarakhand Water Tax on Electricity Generation Act, 2012 Complete Act

State: Uttarakhand

Year: 2012

THE UTTARAKHAND WATER TAX ON ELECTRICITY GENERATION ACT, 2012 THE UTTARAKHAND WATER TAX ON ELECTRICITY GENERATION ACT, 2012 [Act No. 09 of 2013] [25th January, 2013] PREAMBLE In pursuance of the provisions of Clause (3) of Article 348 of the Constitution of India, the Governor is pleased to order the publication of the following English translation of 'The Uttarakhand Water Tax On Electricity Generation Act, 2012' (Adhiniyam Sankhya 09 of 2013). To levy water tax on electricity generation in the State of Uttarakhand An Act Be it enacted in the Sixty-third Year of the Republic of India by the Uttarakhand State Legislative Assembly as follows:- Section 1 - Short Title, Extent and Commencement (1) This Act may be called the Uttarakhand Water Tax on Electricity Generation Act, 2012. (2) It extends to the whole State of Uttarakhand. (3) It shall come into force from such date as the State Government may by notification in the Gazette appoint. (4) The provisions of this Act shall have effect notwithstanding anything inconsistent contained in any other law for the time being in force. Section 2 - Definitions In these rules, unless there is anything repugnant in the subject or.....

The Meghalaya Water Act, 2011 Complete Act

State: Meghalaya

Year: 2011

.....out their functions. (2) Local authorities including town committee shall continue to exercise power and functions as authorized under duly enacted Act of State Government or Central Government as the case may be. (3) Traditional bodies in rural areas may manage water resources, undertake watershed development, supply drinking water and take up minor irrigation. 11. Constitution of State Water Advisory Board " (1) The State Government shall as soon as may be after the commencement of this Act, constitute Meghalaya State Water Advisory Board consisting of the following members, namely (a) Chief Minister who shall be the Chairman of the Board (b) Ministers in charge of Water Resources, Finance, Planning, Forest and Environment, Agriculture, Horticulture, Health, Community and Rural Development, District Council Affairs, Power, Fisheries, Industries, Soil and Water Conservation, Tourism and Urban Affairs Secretaries and Heads of Departments of the Departments mentioned in (b) above. (d) Chief Executive Members of Autonomous District Councils (e) Officers of Central Government relating to water, forest and environment, agriculture not exceeding 5 (five) (f) such.....