Bare Act Search Results

Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994 Complete Act

Title: Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994

State: Central

Year: 1994

Preamble1 - NEYVELI LIGNITE CORPORATION LIMITED (ACQUISITION AND TRANSFER OF POWER TRANSMISSION SYSTEM) ACT, 1994 Chapter I Section1 - Short title, extent and commencement Section2 - Definitions Chapter II Section3 - Acquisition of rights of company in relation to the power transmission system Section4 - General effect of vesting Section5 - Corporation to be liable for certain prior liabilities Section6 - Corporation to be lessee or tenant Section7 - Removal of doubts Section8 - Payment of amount Chapter III Section9 - Duty of persons to account for assets, etc., in their possession Chapter IV Section10 - Continuance of associated personnel Section11 - Provident fund and other funds Chapter V Section12 - Act to have overriding effect Section13 - Penalties Section14 - Offences by companies Section15 - Protection of action taken in good faith Section16 - Power to make rules

Air Corporations Transfer of Undertakings and Repeal Act 1994 Complete Act

Title: Air Corporations Transfer of Undertakings and Repeal Act 1994

State: Central

Year: 1994

Preamble1 - Air Corporations (Transfer of Undertakings and Repeal) Act, 1994 Section1 - Short title and commencement Section2 - Definitions Section3 - Undertakings of corporations to vest in companies Section4 - General effect of vesting of undertakings in the companies Section5 - Licences, etc., to be deemed to have been granted to companies Section6 - Tax exemption or benefit to continue to have effect Section7 - Guarantee to be operative Section8 - Provisions in respect of officers and other employees of corporations Section9 - Power of Central Government to give directions Section10 - Power to remove difficulties Section11 - Repeal of Act 27 of 1953 and cessation of corporations Section12 - Repeal and saving

Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994 Chapter II

Title: Acquisition and Transfer of Power Transmission System

State: Central

Year: 1994

.....that rights in relation to the power transmission system of the company which have been transferred to, and vested in, the Corporation under sub-section (2) of section 3 and this sub-section shall include the right to collect transmission charges for transmission of power and any monies collected on or after the appointed "day by the company as transmission charges (whether shown separately or not) shall be payable by the company to the Corporation. (2) Unless otherwise expressly provided by this Act, all deeds, bonds, guarantees (other than gurantees given by the Government of India), agreements, powers of attorney, grants of legal representation and other instruments of whatever nature in relation to the power transmission system of the company, subsisting or having effect immediately before the appointed day, and to which the company is a party or which are in favour of the said company shall be of as full force and effect against or in favour of the Corporation and may be enforced or acted upon as fully and effectually as if in the place of the company, the Corporation had been a party thereto or as if they had been issued in favour of the Corporation. (3) If, on the.....

Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994 Preamble 1

Title: Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994

State: Central

Year: 1994

THE NEYVELI LIGNITE CORPORATION LIMITED (ACQUISITION AND TRANSFER OF POWER TRANSMISSION SYSTEM) ACT, 1994 [Act, No. 56 of 1994] [14th September, 1994] PREAMBLE An Act to provide in the public interest for the acquisition and transfer of the power transmission system of the Neyveli Lignite Corporation Limited and the right, title and interest of the company in the power transmission system to the Power Grid Corporation of India Limited, with a view to developing the National Power Grid to ensure transmission of power, within and across the different regions of India, on a more scientific, efficient and economic basis and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Forty-fifth Year of the Republic of India as follows :--

Air Corporations Transfer of Undertakings and Repeal Act 1994 Preamble 1

Title: Air Corporations (Transfer of Undertakings and Repeal) Act, 1994

State: Central

Year: 1994

Air Corporations (Transfer of Undertakings and Repeal) Act, 1994 [Act, No.13 of 1994] [21st March, 1994] PREAMBLE An Act to provide for the transfer and vesting of the undertakings of Indian Airlines and Air India respectively to and in the companies formed and registered as Indian Airlines Limited and Air India Limited and for matters connected therewith or incidental thereto and also to repeal the Air Corporations Act, 1953. Be it enacted by Parliament in the Forty-fifth Year of the Republic of India as follows: -

Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994 Complete Act

State: Central

Year: 1994

.....the Electricity (Supply) Act, 1948-or, as the case may be, the Companies Act, 1956-shall have the meanings, respectively, assigned to them in those Acts. SECTION 03: ACQUISITION OF RIGHTS OF COMPANY IN RELATION TO THE POWER TRANSMISSION SYSTEM (1) On the appointed day, the power transmission system and the right, title and interest of the company in relation to its power transmission system shall, by virtue of this Act, be deemed to have been transferred to, and vested in, the Central Government. (2) The power transmission system vested in the Central Government by virtue of sub-section (1) shall, immediately after it had so vested, be deemed to have been transferred to, and vested in the Corporation. SECTION 04: GENERAL EFFECT OF VESTING (1) The power transmission system shall be deemed to include all assets, rights, leaseholds, powers, authorities and privileges and all property, movable and immovable, relating to such system including lands buildings, workshops, projects (whether complete or at any stage of completion or planning), stores, spares, instruments, machinery and equipment, construction equipment, unutilised long-term and short-term loans and all other rights and.....

The Talcher Thermal Power Station (Acquisition and Transfer) Act, 1994 Complete Act

State: Orissa

Year: 1994

.....shall lie against the State Government or any person, for anything which is in good faith done-or intended to be done in pursuance of this Act or the rules made thereunder. 22. Power to make rules. (1) The State Government may, by notification, make rules, for carrying make rules, out the purposes of this Act. (2) In particular and without prejudice to the generality of the foregoing power such rules may provide for all or any of the following matters, namely:" (a) the detailed manner, if any, in which the amount is to be paid under sub-section (1) or sub-section (2) of Section 8; (b) the manner in which the moneys in any provident fund or other fund referred to in Section 15 shall be dealt with for the purpose of that Election; (c) any other matter as may be considered expedient to be provided. 23. Power to remove difficulties. (1) if any difficulty arises in giving effect to the provisions of this Act, the Government may, by order, make such provisions, not effecting the substance of this Act, as appears to it to be necessary or expedient for removing the difficulty. (2) No order under sub-section (1) shall be made after the expiration of the.....

Air Corporations (Transfer of Undertakings and Repeal) Act, 1994 Complete Act

State: Central

Year: 1994

.....or lease finance shall continue to be operative in relation to the company in which the undertaking of that corporation has vested by virtue of this Act. SECTION 08: PROVISIONS IN RESPECT OF OFFICERS AND OTHER EMPLOYEES OF CORPORATIONS - (1) Every officer or other employee of a corporation (except a Director of the Board, Chairman, Managing Director or any other person entitled to manage the whole or a substantial part of the business and affairs of the corporation) serving in its employment immediately before the appointed day shall, in so far as such officer or other employee is employed in connection with the undertaking which has vested in a company by virtue of this Act, become, as from the appointed day, an officer or other employee, as the case may be, of the company in which the undertaking has vested and shall hold his office or service therein by the same tenure, at the same remuneration, upon the same terms and conditions, with the same obligations and with the same rights and privileges as to leave, passage, insurance, superannuation scheme, provident fund, other funds, retirement, pension, gratuity and other benefits as he would have held under that corporation.....

Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994 Chapter IV

Title: Provisions Relating to Associated Personnel

State: Central

Year: 1994

.....anything contained in the Industrial Disputes Act, 1947, or any other law for the time being in force, the transfer of the services of the associated personnel to the Corporation, shall not entitle such personnel 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 11 - Provident fund and other funds (1) Where the company has established a provident fund or any other fund for the benefit of the persons employed by it, the monies relatable to the associated personnel who have already become employees of the Corporation or whose services have become transferred under this Act to the Corporation shall, out of the monies standing, on the date of transfer of the associated personnel, to the credit of such provident fund or other fund, stand transferred to, and vest in, the Corporation. (2) The monies which stand transferred under sub-section (1) to the Corporation shall be dealt with by the Corporation in such manner as may be prescribed.

Neyveli Lignite Corporation Limited (Acquisition and Transfer of Power Transmission System) Act, 1994 Section 11

Title: Provident Fund and Other Funds

State: Central

Year: 1994

(1) Where the company has established a provident fund or any other fund for the benefit of the persons employed by it, the monies relatable to the associated personnel who have already become employees of the Corporation or whose services have become transferred under this Act to the Corporation shall, out of the monies standing, on the date of transfer of the associated personnel, to the credit of such provident fund or other fund, stand transferred to, and vest in, the Corporation. (2) The monies which stand transferred under sub-section (1) to the Corporation shall be dealt with by the Corporation in such manner as may be prescribed.