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Start Free TrialAndhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982 Complete Act
Title: Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982
State: Central
Year: 1982
.....Priority of claims Section20 - Examination of claims Section21 - Admission or rejection of claims Section22 - Disbursement of money by the Commissioner Section23 - Disbursement of amounts to the Company Section24 - Undisbursed or unclaimed amount to be deposited with the general revenue account Chapter VII Section25 - Act to have overriding effect Section26 - Contracts to cease to have effect unless ratified by Central Government or Government company Section27 - Penalties Section28 - Offences by companies Section29 - Protection of action taken in good faith Section30 - Delegation of powers Section31 - Power to make rules Section32 - Power to remove difficulties ScheduleI - SCHEDULE I
List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Section 3
Title: Transfer To, and Vesting In, the Central Government of Amritsar Oil Works
State: Central
Year: 1982
On the appointed day, the Amritsar Oil Works and the right, title and interest of the Amritsar Sugar Mills Company in relation to the Amritsar Oil Works shall, by virtue of this Act. stand transferred to, and shall vest in, the Central Government.
View Complete Act List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Section 13
Title: Provident Fund and Other Funds
State: Central
Year: 1982
(1) Where the Amritsar Sugar Mills Company has established a provident fund, superannuation fund, welfare fund or other fund for the benefit of persons employed in the Amritsar Oil Works, the monies relatable to the officers and other employees, whose services have become transferred by or under this Act to the Central Government or the Government company shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuation fund, welfare fund or other fund, stand transferred to, and vest in, the Central Government or the Government company, as the case may be. (2) The monies which stand transferred under sub-section (1) to the Central Government or the Government company, as the case may be, shall be dealt with by that Government or the Government company in such manner as may be prescribed.
View Complete Act List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Section 12
Title: Continuance of Employees
State: Central
Year: 1982
.....other like matters as would have been admissible to him if there had-been no-such vesting and shall continue to do so unless and until his employment under the Central Government or the Government company, as the case may be, is duly terminated or until his remuneration or other conditions of service are duly altered by the Central Government or the Government company, as the case may be. (2) Notwithstanding anything contained in the Industrial Disputes Act, 1947, or in any other law for the time being in force, the transfer of the services of any officer or other person employed in the Amritsar Oil Works to the Central Government or the Government company shall not entitle such officer or other employee to any compensation under this Act or any other law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority.
View Complete Act List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Chapter V
Title: Provisions Relating to Employees of Amritsar Oil Works
State: Central
Year: 1982
.....in the Amritsar Oil Works to the Central Government or the Government company shall not entitle such officer or other employee to any compensation under this Act or any other law for the time being in force and no such claim shall be entertained by any court, tribunal or other authority. Section 13 - Provident fund and other funds (1) Where the Amritsar Sugar Mills Company has established a provident fund, superannuation fund, welfare fund or other fund for the benefit of persons employed in the Amritsar Oil Works, the monies relatable to the officers and other employees, whose services have become transferred by or under this Act to the Central Government or the Government company shall, out of the monies standing, on the appointed day, to the credit of such provident fund, superannuation fund, welfare fund or other fund, stand transferred to, and vest in, the Central Government or the Government company, as the case may be. (2) The monies which stand transferred under sub-section (1) to the Central Government or the Government company, as the case may be, shall be dealt with by that Government or the Government company in such manner as may be prescribed.
View Complete Act List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Section 11
Title: Duty of Amritsar Sugar Mills Company to Furnish Particulars
State: Central
Year: 1982
The Amritsar Sugar Mills Company shall, within such period as the Central Government may allow in this behalf, furnish to that Government a complete inventory of all its properties and assets as on the appointed day, pertaining to the Amritsar Oil Works which has vested in the Central Government under section 3, and for this purpose the Central Government or the Government company shall afford the Amritsar Sugar Mills Company all reasonable facilities.
View Complete Act List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Section 10
Title: Duty of Persons to Account for Assets, Etc
State: Central
Year: 1982
(1) Every person who has, on appointed day, in his possession or under his control any assets, books, documents or other papers relating to the Amritsar Oil Works which has vested in the Central Government or a Government company under this Act, and which belongs to the Amritsar Sugar Mills Company or would have so belonged if the Amritsar Oil Works had not vested in the Central Government or the Government company, shall be liable to account for the assets, books, documents and other papers to the Central Government or the Government company, as the case may be, and shall deliver them up to the Central Government or the Government company or to such person or body of persons as the Central Government or the Government company may specify in this behalf. (2) The Central Government may take or cause to be taken all necessary steps for securing possession of the Amrtisar Oil Works which has vested in it under section 3.
View Complete Act List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Section 9
Title: Duty of Persons in Charge of Management of Amritsar Oil Works to Deliver Assets, Etc
State: Central
Year: 1982
On the vesting in the Central Government or a Government company of the Amritsar Oil Works, all persons in charge of the management of the Amritsar Oil Works immediately before the date of such vesting, shall be bound to deliver to the Central Government or the Government company or to such person or body of persons as the Central Government or the Government company may specify in this behalf, all assets, books of account, registers or the documents in their custody relating to the Amritsar Oil Works.
View Complete Act List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Section 8
Title: Management, Etc. of Amritsar Oil Works
State: Central
Year: 1982
.....other persons, all such powers and do all such things as the Amritsar Sugar Mills Company is authorised to exercise and do in relation to its Amritsar Oil Works. (2) The Central Government may appoint one or more individuals or a Government company as the Custodian or Custodians of the Amritsar Oil Works in relation to which no direction has been made by it under sub-section (1) of section 5. (3) The Custodian or Custodians so appointed shall receive, from the funds of the Amritsar Oil Works, such remuneration as the Central Government may fix and shall hold office during the pleasure of the Central Government. (4) The Custodian or Custodians, of the Amritsar Oil Works shall maintain an account of the Amritsar Oil Works in such form and manner and under such conditions as may be prescribed and the provisions of the Companies Act, 1956, shall apply to the audit of the accounts so maintained as they apply to the audit of the accounts of a company.
View Complete Act List Judgments citing this sectionAmritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Chapter IV
Title: Management Etc. of Amritsar Oil Works
State: Central
Year: 1982
.....the Government company, as the case may be, and shall deliver them up to the Central Government or the Government company or to such person or body of persons as the Central Government or the Government company may specify in this behalf. (2) The Central Government may take or cause to be taken all necessary steps for securing possession of the Amrtisar Oil Works which has vested in it under section 3. Section 11 - Duty of Amritsar Sugar Mills Company to furnish particulars The Amritsar Sugar Mills Company shall, within such period as the Central Government may allow in this behalf, furnish to that Government a complete inventory of all its properties and assets as on the appointed day, pertaining to the Amritsar Oil Works which has vested in the Central Government under section 3, and for this purpose the Central Government or the Government company shall afford the Amritsar Sugar Mills Company all reasonable facilities.
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