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Start Free TrialIndustrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997 Complete Act
Title: Industrial Reconstruction Bank (Transfer of Undertakings and Repeal) Act, 1997
State: Central
Year: 1997
Preamble1 - INDUSTRIAL RECONSTRUCTION BANK (TRANSFER OF UNDERTAKINGS AND REPEAL) ACT, 1997 Chapter I Section1 - Short title and commencement Section2 - Definitions Chapter II Section3 - Undertakings of the Reconstruction Bank to vest in company Section4 - General effect of vesting of undertaking in Company Section5 - Provisions in respect of officers and other employees of Reconstruction Bank Chapter III Section6 - Concession, etc., to be deemed to have been granted to Company Section7 - Tax exemption or benefit to continue to have effect Section8 - Guarantee to be operative Section9 - Arrangement with Company on appointment of directors to prevail Section10 - Act 18 of 1891 to apply to the books of Company Section11 - Shares, bonds and debentures to be deemed to be approved securities Section12 - Substitution in Act, rules or regulations of company in place of the Reconstruction Bank Section13 - Repeal and saving of Act 62 of 1984 Chapter IV Section14 - Insertion of new section 4A Section15 - Repeal and Saving
List Judgments citing this sectionHindu Religious Institutions and Charitable Endowments Act, 1997 Complete Act
Title: Hindu Religious Institutions and Charitable Endowments Act, 1997
State: Karnataka
Year: 1997
.....Emoluments and Service Conditions of Archakas Section 13 - Register of Temple servants Section 14 - Pattern of Temple Servants to be determined by rules Section 15 - Salary and Service Conditions of Temple servants Section 16 - Mis-conduct and Penalty Chapter IV Section 17 - Creation of Common Pool Fund Section 18 - Transfers to Common Pool Fund Section 19 - Administration of Common Pool Fund Chapter V Section 20 - Constitution of the Advisory Committee Section 21 - Disqualification of Members Section 22 - Functions of the Advisory Committee Chapter VI Section 23 - Notified Institutions Section 24 - Controlling Authorities Section 25 - Constitution of the Committee of Management Section 26 - Term of Office of the Committee of Management and Election of Chairman Section 27 - Meeting of the Committee of Management Section 28 - Power to dissolve the Committee of Management Section 29 - Appointment of Administrator Section 30 - Filling up of casual vacancies Section 31 - Alienation or transfer of the lands or other property granted to Notified Insititutions invalid unless authorised Section 32 - Power in case of unauthorised alienation or transfer Section 33 -.....
List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 12
Title: Change of Liability, Transfer of Assets and Liabilities, Division and Amalgamation of Co--operatives
State: Karnataka
Year: 1997
..... (a) in case of change of liability or transfer of assets andliabilities,- (i) the members, unionCo-operative, Federal Co-operative and creditors have consented or are deemed to have consented to the resolution under subsection (3) orsub-section (4), as the case may be; or (ii) all claims of the members, unionCo-operatives, Federal Co-operative and creditors who have exercised the option referred to under subsection (3) within the period specified therein, have been met in full or otherwise satisfied; and (b) amendment of thebye-laws of Co-operative concerned is registered; and (c) in the case of division or amalgamation, certificate of registration of theCo-operative or Co-operatives is issued. (6) Where a resolution passed by aCo-operative in this section involves a transfer of any assets and liabilities, the resolution shall, notwithstanding anything contained in any law for the time being in force, be a sufficient conveyance to vest the assets and liabilities in the transferee. ______________________________________ 1. Inserted by Act 21 of 2004 w.e.f. 31.3.2004.
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 13
Title: Consequences of Transfer of Assets and Liabilities, Division and Amalgamation
State: Karnataka
Year: 1997
(1) Where the whole of the assets and liabilities of a Co--operative are transferred to another Co--operative, the registration of the first mentioned Co--operative shall stand cancelled and that Co--operative shall be deemed to have been dissolved and shall cease to exist as a corporate body. (2) Where two or more Co--operatives are amalgamated into a new Co--operative, the registration of each of the amalgamating Co--operatives shall stand cancelled on the registration of the new Co--operative and each such Co--operative shall be deemed to have been dissolved and shall cease to exist as a corporate body. (3) Where a Co--operative divides into two or more Co--operatives the registration of that Co--operative shall stand cancelled on the registration of the new Co--operatives and that Co--operative shall be deemed to have been dissolved and shall cease to exist as a corporate body.
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Chapter V
Title: Accounts, Audit and Inquiry
State: Karnataka
Year: 1997
.....inquiry, if satisfied that any or all of the office bearers or directors or Chief Executive is or are responsible for any payment contrary to the Act, rules or the bye-laws and has or have caused loss or deficiency in the assets of the Co-operative by breach of trust or negligence or has or have misappropriated or fraudulently retained any money or property belonging to such Co-operative, without prejudice to any civil or criminal proceedings to which they may be liable, may direct the board to convene the general meeting within such reasonable time as the Federal Co-operative or the Registrar, as the case may be, specify to discuss the findings of the inquiry report and for initiating necessary action against the concerned. ______________________________________ 1. Substituted by Act 21 of 2004 w.e.f. 31.3.2004. Section 37 - Action on inquiry Report 1[The Registrar], as the case may be, after such inquiry, if satisfied that any or all of the office bearers or directors or Chief Executive is or are responsible for any payment contrary to the Act, rules or the bye-laws and has or have caused loss or deficiency in the assets of the Co-operative by breach of trust or.....
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 32A
Title: Profits and Losses of Co--operative
State: Karnataka
Year: 1997
Section 32A - Profits and losses of Co--operative 1 [32. Profits and losses ofCo-operative ACo-operative shall out of its net profits in any year, transfer an amount being not less than ten percent of the profits to a fund called deficit cover fund, which shall be utilised for wiping oroff-setting the losses, if any, caused in the working of the co-operative: Provided that nothing in this section shall prevent aCo-operative from charging the losses on the members of the Co-operative in accordance with the majority decision taken at the Special or Annual General Meeting.] ______________________________________ 1. Inserted by Act 21 of 2004 w.e.f. 31.3.2004.
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Chapter VII
Title: Settlement of Dispute
State: Karnataka
Year: 1997
.....liquidator under section 50, and every order made by the Karnataka Co--operative Appellate Tribunal under section 46 and every order made under subsection (8) of section 11, shall subject to any other provisions of this Act, be binding on the person or Co--operative or the Federal Co--operative against whom the order, decision or award has been obtained or passed and shall, if not carried out,-- (a) on a certificate signed by the Registrar or any person authorised by him in this behalf be deemed to be a decree of a Civil Court and shall be executed in the same manner as a decree of such court; or (b) be executed according to the law and under the rules for the time being in force for the recovery as arrears of land revenue: Provided that an application for the recovery of any sum under this clause shall be made to the Deputy Commissioner, accompanied by a certificate signed by the Registrar or by any person authorised by him in this behalf within twelve years from the date fixed in the order, decision or award and if no such date is fixed, from the date of the order, decision or award, as the case may be. (c) be executed by the Registrar or any other person subordinate.....
View Complete Act List Judgments citing this sectionKarnataka Souharda Sahakari Act, 1997 Section 41
Title: Disposal of Disputes
State: Karnataka
Year: 1997
.....the fees and expenses payable to the Registrar. Such an award shall not be invalid merely on the ground that it was made after the expiry of the period fixed for deciding the dispute by the Registrar and shall, subject to appeal be binding on the parties to the dispute. (5) Notwithstanding anything contained in section 39, when any dispute under clause (a) or (b) of subsection (1) of the said section is referred for decision to the Registrar, and the Registrar is satisfied on an application by the Co--operative concerned or the Federal Co--operative that in the interest of the Co--operative or the Federal Co--operative it is necessary for an effective decision of the dispute to implead persons who cannot be made parties to the dispute in proceedings before him, he may permit the Co--operative or the Federal Co--operative to institute a regular suit in a Civil Court having jurisdiction and the Civil Court shall be competent to entertain such suit.
View Complete Act List Judgments citing this sectionHindu Religious Institutions and Charitable Endowments Act, 1997 Chapter IV
Title: Common Pool Fund
State: Karnataka
Year: 1997
.....and maintenance of Hospitals and Dispenceries for providing facilities to philigrims. (l) any other charitable or Hindu Religious purpose. (2) The Common Pool Fund shall be so administered that:- (i) no contribution or donation received from any person shall be utilised for any purpose other than the purpose specified if any by the donor. (ii) contribution and donation made to institution, or institution of any relegious denomination or any section thereof shall be utilised for the benefit of that particular class or denomination or section only. (3) The Commissioner, may with the approval of the Advisory Committee allow any Hindu Religious Institution or Charitable Endowment whose gross annual income is not more than five thousand rupees to be adopted for its maintenance and up-keep, by any larger Hindu Religious Institution Charitable Endowment or Trust.
View Complete Act List Judgments citing this sectionHindu Religious Institutions and Charitable Endowments Act, 1997 Section 18
Title: Transfers to Common Pool Fund
State: Karnataka
Year: 1997
The Commissioner shall on the orders of the State Government transfer the following amounts to the common pool fund, namely:- (a) The un-utilised portion of grants made by the State Government for the repairs or renovations or construction of new places of worship. (b) funds of defunct Hindu Relegious institutions; (c) any other sums which the State Government may direct.
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