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Start Free TrialTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Complete Act
Title: Tea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985
State: Central
Year: 1985
.....the general revenue account Chapter VII Section23 - Act to have overriding effect Section24 - Assumption of liability Section25 - Management to continue to vest in certain persons until alternative arrangements have been made Section26 - Contracts to cease to have effect unless ratified by the Tea Trading Corporation Section27 - Penalties Section28 - Offences by companies Section29 - Protection of action taken in good faith Section30 - Tea companies not to be wound up by the court Section31 - Delegation of powers Section32 - Power to make rules Section33 - Power to remove difficulties Section34 - Repeal and saving ScheduleI - FIRST SCHEDULE ScheduleII - SECOND SCHEDULE Amending ActI - THE TEA COMPANIES (ACQUISITION AND TRANSFER OF SICK TEA UNITS) AMENDMENT ACT, 1991
List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Section 24
Title: Assumption of Liability
State: Central
Year: 1985
(1) Where any liability of a tea company arising out of any item specified in Category I of the Second Schedule is not discharged fully by the Commissioner out of the amounts 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 Tea Trading Corporation to take over the liability assumed by the Central Government under sub-section (1), and on receipt of such direction, it shall be the duty of that Corporation to discharge such liability.
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Schedule II
Title: Second Schedule
State: Central
Year: 1985
.....rates or other dues to the Central Government, in respect of any period whether before or after the management of the sick tea units had been taken over by the Central Government. Category V- Secured loans obtained by any tea company for the purposes of its sick tea unit from nationalised banks, Tea Board constituted under the Tea Act, 1953, 29 of 1953, and public financial institutions during any period before the management of that sick tea unit had been taken over by the Central Government. Category VI- Any other credit availed of by any tea company for trade or manufacturing purposes with respect to its sick tea unit, during any period before the management of that sick tea unit had been taken over by the Central Government.
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Schedule I
Title: First Schedule
State: Central
Year: 1985
THE FIRST SCHEDULE [See sections 2(e) and (g), 6, 7 and 14(1)] S.No. Name of the sick tea unit Name of the tea company Amount (Rupees in lakhs) Further amount (Rupees) (1) (2) (3) (4) (5) 1. Pashok Tea Estate Messrs Pashok Tea Company Limited, 10, Pollock Street, Calcutta 26.03 7,640 2. Looksan Tea Estate Messrs Pashok Tea Company Limited, 10, Pollock Street, Calcutta 100.15 9,340 3. Vah-Tukvar Tea Estate Messrs Sashi Tara Tea Company Private Limited, Darjeeling 25.82 4,940 4. Potong Tea Estate Messrs Moon Moon Tea Company (Pri- vate) Limited, 5, Clive Row, Calcutta 16.35 3,460
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Section 34
Title: Repeal and Saving
State: Central
Year: 1985
(1) The Tea Companies (Acquisition and Transfer of Sick Tea Units) Ordinance, 1985, (3 of 1985) is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Section 33
Title: Power to Remove Difficulties
State: Central
Year: 1985
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 appointed day.
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Section 32
Title: Power to Make Rules
State: Central
Year: 1985
.....provide for all or any of the following matters, namely:-- (a) the time within which, and the manner in which, an intimation referred to in sub-section (3) of section 4 shall be given. (b) the manner in which the monies in any provident fund or other fund, referred to in sub-section (2) of section 12, 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 session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be ; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule. Houses agree that the rule should no.....
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Section 31
Title: Delegation of Powers
State: Central
Year: 1985
(1) The Central Government may, by notification ,direct that all or any of the powers exercisable by it under this Act, other than the powers conferred by this section and sections 32 and 33,. May also be exercised by such person or persons as may be specified in the notification. (2) Whenever any delegation of power is made under sub-section (1), the person to whom such power has been delegated shall act under the direction, control and supervision of the Central Government.
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Section 30
Title: Tea Companies Not to Be Wound Up by the Court
State: Central
Year: 1985
No proceeding for the winding up of a tea company, the right, title and interest in relation to a sick tea unit owned by which have vested in the Tea Trading Corporation under this Act or for the appointment of a receiver in respect of the business of the sick tea unit shall lie or be proceeded with in any court except with the consent of the Central Government.
View Complete Act List Judgments citing this sectionTea Companies (Acquisition and Transfer of Sick Tea Units) Act, 1985 Section 29
Title: Protection of Action Taken in Good Faith
State: Central
Year: 1985
(1) No suit, prosecution or other legal proceeding shall lie against the Central Government or any Officer of that Government or the Tea Trading Corporation or other person authorised by that Government or Corporation for anything which is in good faith done or intended to be done under this Act. (2) No suit or other legal proceeding shall lie against the Central Government or any of its officers or other employees or the Tea Trading Corporation or any officer or other person authorised by that Corporation for any damage caused or likely to be caused for anything which is in good faith done or intended to be done under this Act.
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