Bare Act Search Results

Assam Sillimanite Limited (Acquisition and Transfer of Refractory Plant) Act, 1976 Complete Act

Title: Assam Sillimanite Limited (Acquisition and Transfer of Refractory Plant) Act, 1976

State: Central

Year: 1976

.....- Priority in relation to other claims Section18 - Claims to be made to the Commissioner Section19 - Proof of claims Section20 - Disbursement of money by the Commissioner to claimants Section21 - Undisbursed or unclaimed amount to be deposited to the general revenue account Chapter VII Section22 - Penalties Section23 - Offences by companies Section24 - Act to have overriding effect Section25 - Protection of action taken in good faith Section26 - Contracts to cease to have effect unless ratified by the Central Government or Government company Section27 - Delegation of powers Section28 - Power to make rules Section29 - Power to remove difficulties Section30 - Declaration as to the policy of the State

Braithwaite and Company (India) Limited (Acquisition and Transfer of Undertakings) Act, 1976 Complete Act

Title: Braithwaite and Company (India) Limited (Acquisition and Transfer of Undertakings) Act, 1976

State: Central

Year: 1976

..... Section20 - Admission or rejection of claims Section21 - Disbursement of money by the Commissioner to claimants Section22 - Disbursement of amount to the Company Section23 - Undisbursed or unclaimed amount to be deposited to the general revenue account Chapter VII Section24 - Act To have overriding effect Section25 - Contracts to cease to have effect unless ratified by the central Government or Government Section26 - Protection of action taken in good faith Section27 - Delegation of powers Section28 - Penalties Section29 - Offences by companies Section30 - Power to make rules Section31 - Power to remove difficulties Section32 - Declaration as to the policy of the state Section33 - Repeal and saving ScheduleI - SCHEDULE I

Assam Sillimanite Limited (Acquisition and Transfer of Refractory Plant) Act, 1976 Preamble 1

Title: Assam Sillimanite Limited (Acquisition and Transfer of Refractory Plant) Act, 1976

State: Central

Year: 1976

.....and other difficulties, and the pilot Refractory Plant, which was constructed by the said company, has been closed: AND whereas special type of refractories, including high alumina refractories, needed by the iron and steel industry may be manufactured at the Refractory Plant of the Assam Sillimanite Limited and such manufacture will enable the country to progressively reduce the import of such special type of refractories; AND whereas for the purpose of speedily bringing the Refractory Plant of the. Assam Sillimanite Limited into operation, the management of the said Refractory Plant was taken over, for a limited period by the Central Government under section 18AA of the Industries (Development and Regulation) Act, 1951; AND whereas for the purpose of augmenting the supplies of refractories to meet the essential requirements of the iron and steel industry, it is necessary to acquire the right, title and interest of the Assam Sillimanite Limited in respect of its Refractory Plant; BE it enacted by Parliament in the Twenty-sixth Year of the Republic of India as follows:--

Braithwaite and Company (India) Limited (Acquisition and Transfer of Undertakings) Act, 1976 Chapter II

Title: Acquisition and Transfer of the Undertakings of the Company

State: Central

Year: 1976

.....against that Government company. (2) For the removal of doubts, it is hereby declared that,- (a) save as otherwise expressly provided in this section or in any other provision of this Act, no liability of the Company in respect of any period prior to the appointed day, shall be enforceable against the Central Government, or, where the undertakings of the Company are directed under section 6 to vest in a Government company, against that Government company; (b) no award, decree or order of any court, tribunal or other authority in relation to the undertakings of the Company, passed after the appointed day, in respect of any matter, claim or dispute which arose before that day, shall be enforceable against the Central Government, or, where the undertakings of the Company are directed under section 6 to vest in a Government company, against that Government company; (c) no liability incurred by the Company before the appointed day, for the contravention of any provision of law for the time being in force, shall be enforceable against the Central Government, or, where the undertakings of the Company are directed under section 6, to vest in a Government company, against that.....

Braithwaite and Company (India) Limited (Acquisition and Transfer of Undertakings) Act, 1976 Preamble 1

Title: The Braithwaite and Company (India) Limited (Acquisition and Transfer of Undertakings) Act, 1976

State: Central

Year: 1976

.....vital to the needs of the country, and for matters connected therewith or incidental thereto. WHEREAS Messrs.Braithwaite and Company (India) Limited was engaged in the manufacture and production of railway wagons, structural steel works for bridges and heavy workshop buildings, pressed steel tanks, cranes, road rollers, jute carding machines, roll formers, power sweepers, grey iron castings and steel forgings and also in the machining of intricate components of large sizes; AND WHEREAS as a result of heavy losses suffered by the Company, there had been a closure of certain works owned by the Company; AND WHEREAS for the purpose of speedily bringing the closed works of the Company into operation, the management of the undertakings of the Company was taken over by the Central Government, for a limited period, under section 18A of the Industries (Development and Regulation) Act, 1951; AND WHEREAS it is necessary to acquire the undertakings of the Company to ensure the continuance of the production of goods which are vital to the needs of the country; BE it enacted by Parliament in the Twenty-seventh Year of the Republic of India as follows:-

Assam Sillimanite Limited (Acquisition and Transfer of Refractory Plant) Act, 1976 Section 9

Title: Amount to Be Paid for Transfer and Vesting of Refractory Plant

State: Central

Year: 1976

(1) The Company shall be given by the Central Government in cash and in the manner specified in Chapter VI, an amount of one crore seven lakhs and seventeen thousand rupees for the transfer to, and vesting in, it, under S. 3 of the Refractory Plant. (2) The amount payable under sub-section (1) shall carry simple interest at the rate of four per cent, per annum for the period commencing on the appointed day and ending on the date on which payment of such amount is made by the Central Government to the Commissioner. (3) For the removal of doubts, it is hereby declared that the liabilities of the Company in relation to the Refractory Plant, other than those referred to in sub-section (2) of section 8, shall be met from the amount referred to in sub-section (1), in accordance with the rights and interests of the creditors of the Company.

Braithwaite and Company (India) Limited (Acquisition and Transfer of Undertakings) Act, 1976 Section 3

Title: Acquisition and Transfer of the Undertakings of the Company

State: Central

Year: 1976

On the appointed day, the undertakings of the Company, and the right, title and interest of the Company in relation to its undertakings, shall, by virtue of this Act, be transferred to, and shall vest in, the Central Government.

Braithwaite and Company (India) Limited (Acquisition and Transfer of Undertakings) Act, 1976 Complete Act

State: Central

Year: 1976

.....the management of its undertakings was taken over by the Central Government under section 18A of the Industries (Development and Regulation) Act, 1951, in March, 1971. Since early action was necessary to reduce the interest charges on loans and for restructuring of the capital of the Company, the undertakings of the Company were acquired by the Braithwaite and Company (India) Limited (Acquisition tend Transfer of Undertakings) Ordinance, 1976). The Bill seeks to replace the said Ordinance. - Gaz. of Ind. , 20-8-1976, Pt.ll,S.2,Ext..p.l215. An Act to provide for the acquisition and transfer of the undertakings of Messrs. Braithwaite and Company (India) Limited for the purpose of ensuring the continuity of production of goods which are vital to the needs of the country, and for matters connected therewith or incidental thereto WHEREAS Messrs Braithwaite and Company (India) Limited was engaged in the manufacture and production of railway wagons, structural Heel works for bridges and heavy workshop buildings, pressed steel tanks, cranes, road rollers, jute carding machines, roll formers, power sweepers, grey iron castings and steel forgings and also in the.....

Departmentalization of Union Accounts (Transfer of Personnel) Act, 1976 Complete Act

State: Delhi

Year: 1976

DEPARTMENTALIZATION OF UNION ACCOUNTS (TRANSFER OF PERSONNEL) ACT, 1976 Departmentalization Of Union Accounts (Transfer Of Personnel) Act, 1976 Section : SHORT TITLE AND COMMENCEMT DEPARTMENTALISATION OF UNION ACCOUNTS (TRANSFER OF PERSONNEL) ACT, 1976 59 of 1976 8th April, 1976 An Act to provide for the transfer of officers serving in the Indian Audit and Accounts Department to any Ministry, Department or office of the Central Government for facilitating the effcient discharge by such Ministry. Department or officer of the responsibility in connection with compiling the accounts thereof. BE it enacted Parliament in the Twenty-seventh Year of the Republic of India as follows:- SECTION 01: SHORT TITLE AND COMMENCEMT (1) This Act may be called the Departmenlalisation of Union Accounts (Transfer of Personnel) Act 1976. (2) It shall be deemed to have come into force on the 1st day of March 1976. Section: TRANSFER OF OFFICERS AND EMPLOYEES OF TLIE INDIAN AUDIT AND ACCOUNTS DEPARTMENT SECTION 02: TRANSFER OF OFFICERS AND EMPLOYEES OF TLIE INDIAN AUDIT AND ACCOUNTS DEPARTMENT (1) Where the President has, by order under the first proviso to sub-section.....

Assam Sillimanite Limited (Acquisition and Transfer of Refractory Plant) Act, 1976 Complete Act

State: Central

Year: 1976

.....company as defined in (Companies Act, 1956) and having its registered office at Gauhati in the State of Assam; (d) "Refractory Plant" means the refractory manufacturing plant, owned by the Company, situated near Ramgarh in the State of Bihar; (e) "specified date" means such date as the Central Government may, by notification in the Official Gazette, specify in re!ation to any provision of this Act and differentiates may be specified in relation to different provisions of this Act; (f) words and expressions used herein and not defined but defined in (Companies Act, 1956) have the meanings respectively assigned to them in that Act. CHAPTER 2: ACQUISITION OF THE REFRACTORY PLANT: SECTION 3: Refractory Plant to vest in the Central Government: On the appointed day, the Refractory Plant shall, by virtue of this Act, stand transferred to, and the right, title and interest of the Company in relation to its Refractory Plant shall vest absolutely in, the Central Government. SECTION 4: Power of Central Government to direct vesting of the Refractory Plant in a Government company: (1) Notwithstanding anything contained in (section 3), the Central Government may, if it is.....