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Start Free TrialIndustrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 Section 4
Title: General Effect of Vesting of Undertaking in the Company
State: Central
Year: 1993
.....of the Company in which the undertaking of the Corporation has vested by virtue of this Act and enforceable as fully and effectually as if instead of the Corporation, the Company had been named therein or had been a party thereto. (4) Any proceeding or cause of action pending or existing immediately before the appointed day by or against the Corporation in relation to its undertaking may, as from the appointed day, be continued and enforced by or against the Company in which the undertaking of the Corporation has vested by virtue of this Act as it might have been enforced by or against the Corporation if this Act had not been enacted and shall cease to be enforceable by or against the Corporation.
View Complete Act List Judgments citing this sectionOil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act, 1993 Section 4
Title: General Effect of Vesting of Undertaking in Corporation
State: Central
Year: 1993
.....guarantees, powers of attorney, other instruments and working arrangements subsisting immediately before the appointed day and affecting the Commission shall cease to have effect or to be enforceable against the Commission and shall be of as full force and effect against or in favor of the Corporation and enforceable as fully, and effectually as if, instead of the Commission, the Corporation had been named therein or had been a party thereto. (4) Any proceeding or cause of action pending or existing immediately before the appointed day by or against the Commission, in relation to its undertaking may, as from the appointed day be continued and enforced by or against the Corporation as it might have been enforced by or against the Commission, if this Act had not been in force, and shall cease to be enforceable by or against the Commission.
View Complete Act List Judgments citing this sectionIndustrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 Complete Act
Title: Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993
State: Central
Year: 1993
Preamble1 - INDUSTRIAL FINANCE CORPORATION (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 1993 Section1 - Short title and commencement Section2 - Definitions Section3 - Undertaking of the Corporation to vest in the Company Section4 - General effect of vesting of undertaking in the Company Section5 - Concession, etc., to be deemed to have been granted to the Company 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 Corporation Section9 - Act 18 of 1891 to apply to the books of the Company Section10 - Shares, bonds and debentures to be deemed to be approved securities Section11 - Repeal and saving Act 15 of 1948 Section12 - Repeal and saving
List Judgments citing this sectionOil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act, 1993 Complete Act
Title: Oil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act, 1993
State: Central
Year: 1993
Preamble1 - OIL AND NATURAL GAS COMMISSION TRANSFER OF UNDERTAKING AND REPEAL ACT, 1993 Section1 - Short title and commencement Section2 - Definitions Section3 - Undertaking of Commission to vest in corporation Section4 - General effect of vesting of undertaking in Corporation Section5 - Licences, etc., to be deemed to have been granted Corporation Section6 - Tax exemption or benefit to continue to have effect Section7 - Guarantee to be operative Section8 - Provision in respect of officers and other employees of Commission Section9 - Power of entry Section10 - Power to make rules Section11 - Section 11 Section12 - Repeal and saving
List Judgments citing this sectionIndustrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 Preamble 1
Title: Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993
State: Central
Year: 1993
INDUSTRIAL FINANCE CORPORATION (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 1993 [Act, No. 23 of 1993] PREAMBLE An Act to provide for the transfer and vesting of the undertaking of the Industrial Finance Corporation of India to and in the Company to be formed and registered as a Company under the Companies Act, 1956, and for matters connected therewith or incidental thereto and also to repeal the Industrial Finance Corporation Act, 1948. BE it enacted by Parliament in the Forty-fourth Year of the Republic of India as follows: -
View Complete Act List Judgments citing this sectionOil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act, 1993 Preamble 1
Title: Oil and Natural Gas Commission Transfer of Undertaking and Repeal Act, 1993
State: Central
Year: 1993
OIL AND NATURAL GAS COMMISSION (TRANSFER OF UNDERTAKING AND REPEAL) ACT, 1993. [Act, No. 65 of 1993] [4th September, 1993] PREAMBLE An Act to provide for the transfer and vesting of the undertaking of the Oil and Natural Gas Commission to and in the Oil and Natural Gas Corporation Limited, a company incorporated under the Companies Act, 1956, and for matters connected therewith or incidental thereto and also to repeal the Oil and Natural Gas Commission Act, 1959. BE it enacted by Parliament in the Forty-fourth Year of the Republic of India as follows: -
View Complete Act List Judgments citing this sectionInterest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 Preamble 1
Title: Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993
State: Central
Year: 1993
THE INTEREST ON DELAYED PAYMENTS TO SMALL SCALE AND ANCILLARY INDUSTRIAL UNDERTAKINGS ACT, 1993 [Act, No. 32 of 1993] [2nd April, 1993] PREAMBLE An Act to provide for and regulate the payment of interest on delayed Payments to small scale and ancillary industrial undertakings and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Forty-fourth Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionInterest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 Complete Act
Title: Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993
State: Central
Year: 1993
Preamble1 - INTEREST ON DELAYED PAYMENTS TO SMALL SCALE AND ANCILLARY INDUSTRIAL UNDERTAKINGS ACT, 1993 Section1 - Short title, extent and commencement Section2 - Definitions Section3 - Liability of buyer to make payment Section4 - Date from which and rate at which interest is payable Section5 - Liability of buyer to pay compound interest Section6 - Recovery of amount due Section7 - Appeal Section7A - Establishment of Industry Facilitation Council Section7B - Composition of Industry Facilitation Council Section7C - Laying of rules before State Legislature Section8 - Requirement to specify unpaid amount with interest in the annual statement of accounts Section9 - Interest not to be allowed as deduction from income Section10 - Over-riding effect Section11 - Repeal and saving
List Judgments citing this sectionIndustrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993 Section 3
Title: Undertaking of the Corporation to Vest in the Company
State: Central
Year: 1993
Section 3 - Undertaking of the Corporation to vest in the Company On such date as the Central Government may, by notification in the Official Gazette, appoint 1 there shall be transferred to, and vest in, the Company the undertaking of the Corporation. __________________________ 1. The appointed date is 01.07.1993.
View Complete Act List Judgments citing this sectionOil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act, 1993 Section 3
Title: Undertaking of Commission to Vest in Corporation
State: Central
Year: 1993
On such date" as the Central Government may, by notification in the Official Gazette, appoints, the undertaking of the Commission shall stand transferred to; and vest in, the Corporation.
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