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Start Free TrialGanesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Preamble 1
Title: Ganesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984
State: Central
Year: 1984
.....and (c) of article 39 of the Constitution. WHEREAS the Ganesh Flour Mills Company Limited has through the Ganesh Flour Mills been engaged mainly in the manufacture and production of certain commodities, namely, vanaspati, refined edible oils, various types of nutritious foods and other consumer commodities which are essential to the needs of the community; AND WHEREAS the management of the Ganesh Flour Mills was taken over by the Central Government under the Industries (Development and Regulation) Act 1951; AND WHEREAS it is necessary to acquire the undertakings of the Ganesh Flour Mills Company Limited in relation to the Ganesh Flour Mills for sustaining and strengthering the nucleus of public owned or controlled units required for ensuring supply of wholesome vanaspati, refined edible oils, various types of nutritious foods and other consumer commodities to the pubic at reasonable prices; AND WHEREAS such acquisition is for giving effect to the policy of the State towards securing the principles specified in clauses (b) and (c) of article 39 of the Constitution; BE it enacted by Parliament in the Thirty-fifth Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionHooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Preamble 1
Title: Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984
State: Central
Year: 1984
.....and other activities; And WHEREAS the Company has the Capacity and infrastructure to effect an increase in the country's capacity to manufacture ships and other vessels and craft; And WHEREAS an increase in the production of such vessels and craft would reduce the need of the country to make imports of such vessels and craft and would thereby enable the country to save foreign exchange; And WHEREAS the Company is also engaged in the production of grey iron, non-ferrous and alloy castings which are essential to the needs of he economy of the country; And WHEREAS the Company had been suffering heavy losses for a number of years mainly due to lack of fresh investment and modernisation; And WHEREAS further investment of substantial sums of money is needed to run and modernise the undertakings of the Company: but in view of the serious adverse financial condition of the Company it is not in a position to secure such investment: And WHEREAS the liquidation of the Company, by reason of its inability to pay its debts, would prejudicially affect the country's capacity to manufacture such ships, vessels and craft and would thereby be prejudicial to the public.....
View Complete Act List Judgments citing this sectionBengal Immunity Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Preamble 1
Title: The Bengal Immunity Company Limited (Acquisition and Transfer of Undertakings) Act, 1984
State: Central
Year: 1984
THE BENGAL IMMUNITY COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1984 [Act, No. 57 of 1984] [29th August, 1984] PREAMBLE An Act to provide for the acquisition and transfer, in the public interest, of the undertakings of Messrs. Bengal Immunity Company Limited, and for matters connected therewith or incidental thereto. WHEREAS Messrs. Bengal Immunity Company Limited were engaged in the production and distribution of articles specified in the First Schedule to the Industries (Development and Regulation) Act, 1951 namely, chemicals (other than fertilizers), drugs and pharmaceuticals which are essential to the needs of the general public; AND WHEREAS the Central Government, being of opinion, after an investigation into the affairs of the Company, that the affairs of the Company have been managed in a manner highly detrimental to the public interest, had authorised, under section 18A of the Industries (Development and Regulation) Act, 1951, a body of persons to take over the management of the Company. AND WHEREAS for the purpose of reconstructing and rehabilitating the undertakings owned by the Company so as to subserve the interests of the general.....
View Complete Act List Judgments citing this sectionHooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Section 6
Title: Transfer of Undertakings of the Company from an Existing Government Company to a New Government Company
State: Central
Year: 1984
(1) Notwithstanding anything contained in section 3 and 4, where the undertakings of the Company have been directed, under sub-section (1) of section 5, to vest in an existing Government company, the Central Government may, if it is satisfied that a new Government company is willing to comply, or has complied, with such terms and conditions as that Government may think fit to impose, declare, by notification, that the undertakings of the Company be transferred to that new Government company; and on the issue of such declaration, the right, title and interest of the Company in relation to its undertakings, which had been directed under sub-section (1) of section 5 to vest in an existing Government company, shall, instead of continuing to vest in that existing Government company, vest in that new Government company with effect from the date on which such declaration is made. (2) Where the right, title and interest of the existing Government company in relation to the undertakings of the Company vest under sub-section (1) in a new Government company, that new Government company shall, on and from the date of such vesting, be deemed to have become the owner in relation to such.....
View Complete Act List Judgments citing this sectionBengal Immunity Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Section 7
Title: Transfer of the Undertakings of the Company from an Existing Government Company to a New Government Company
State: Central
Year: 1984
(1) Notwithstanding anything contained in sections 3 and 4, where the undertakings of the Company have been directed, under sub-section (1) of section 6, to vest in an existing Government company, the Central Government may, if it is satisfied that a new Government company is willing to comply or has complied, with such terms and conditions as that Government may think fit to impose, declare, by notification, that the undertakings of the Company be transferred to that new Government company, and on the issue of such declaration, the rights, title and interest of the Company in relation to its undertakings which had been directed under sub-section (1) of section 6 to vest in that existing Government company, shall, instead of continuing to vest in that existing Government company, vest in that new Government company with effect from the date on which such declaration is made. (2) Where the right, title and interest of the existing Government company in relation to the undertakings of the company vest under sub-sect ion (1) in a new Government company, that new Government company shall, on and from the date of such vesting, be deemed to have become the owner in relation to such.....
View Complete Act List Judgments citing this sectionBengal Immunity Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Chapter II
Title: Acquisition and Transfer of the Undertakings of the Company
State: Central
Year: 1984
.....all assets, rights, leaseholds, powers, authorities and privileges, and all property, movable and immovable, including lands, buildings, offices, factories, workshops, stores, instruments, plants, machinery and equipment, installations, laboratories, office furniture, stationery and equipment, vehicles, patents, trade marks, cash balances, cash on hand, reserve funds, investments, book debts and all other rights and interests in, or arising out of, such property as were immediately before the appointed day in the ownership, possession, power or control of the Company, whether within or outside India, and all books of account, registers and all other documents of whatever nature relating thereto. (2) All properties and assets as aforesaid which have vested in the Central Government under section 3 shall, by force of such vesting, be freed and discharged from any trust, obligation, mortgage, charge, lien and all other incumbrances affecting them, and any attachment, injunction, decree or order of any Court, tribunal or other authority restricting the use of such properties or assets in any manner or appointing any receiver in respect of the whole or any part of such properties.....
View Complete Act List Judgments citing this sectionAluminium Corporation of India Limited (Acquisition and Transfer of Aluminium Undertaking) Act, 1984 Section 23
Title: Undisbursed or Unclaimed Amount to Be Transferred to the General Revenue Account
State: Central
Year: 1984
Anymoney paid to the Commissioner which remains undisbursed or, unclaimed on thedate immediately preceding the date on which the office of the Commissioner iswound up, shall be transferred by the Commissioner, before his office is finallywound up, to the general revenue account of the Central Government; but a claimto any money so transferred may be preferred to the Central Government by theperson entitled to such payment and shall be dealt with as if suchtransfer had not been made, and the order, if any, for payment of the claimbeing treated as an order for the refund of revenue.
View Complete Act List Judgments citing this sectionGanesh Flour Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Section 3
Title: Transfer To, and Vesting In, the Central Government of Ganesh Flour Mills
State: Central
Year: 1984
On the appointed day the Ganesh Flour Mills and the right, title and interest of the Company in relation of the Ganesh Flour Mills, shall by virtue of this Act, stand transferred to, and shall vest in, the Central Government.
View Complete Act List Judgments citing this sectionHooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Chapter II
Title: Acquisition and Transfer of Aluminium Undertaking of the Company
State: Central
Year: 1984
.....Government company (1) Notwithstanding anything contained in section 3 and 4, where the undertakings of the Company have been directed, under sub-section (1) of section 5, to vest in an existing Government company, the Central Government may, if it is satisfied that a new Government company is willing to comply, or has complied, with such terms and conditions as that Government may think fit to impose, declare, by notification, that the undertakings of the Company be transferred to that new Government company; and on the issue of such declaration, the right, title and interest of the Company in relation to its undertakings, which had been directed under sub-section (1) of section 5 to vest in an existing Government company, shall, instead of continuing to vest in that existing Government company, vest in that new Government company with effect from the date on which such declaration is made. (2) Where the right, title and interest of the existing Government company in relation to the undertakings of the Company vest under sub-section (1) in a new Government company, that new Government company shall, on and from the date of such vesting, be deemed to have become the owner in.....
View Complete Act List Judgments citing this sectionHooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 Section 3
Title: Transfer To, and Vesting In, the Central Government of the Undertakings of the Company
State: Central
Year: 1984
On the appointed day, the undertaking of the Company and the right, title and interest of the Company in relation to that undertaking shall, by virtue of this Act, stand transferred to , and shall vest in, the Central Government.
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