Bare Act Search Results

Amritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Complete Act

State: Central

Year: 1982

.....the Central Government or the Government company shall not omit to ratify a contract and shall not make any alteration or modification in a contract- (a) unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interest of the Central Government or the Government company; and (b) except after giving the parties to the contract a reasonable opportunity of being heard and except after recording in writing its reasons for refusal to ratify the contract or for making any alteration or modification therein. SECTION 23: PENALTIES - Any person who,- (a) having in his possession, custody or control any property forming part of the Amritsar Oil Works, wrongfully withholds such property from the Central Government or the Government company; or (b) wrongfully obtains possession of, or retains, any property forming part of, the Amritsar Oil Works; or (c) wilfully withholds or fails to furnish to the Central Government or the Government company or any person or body of persons specified by that Government or the Government company, as the case may be, any document relating to the Amritsar Oil Works which may be in.....

Amritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Preamble 1

Title: Amritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982

State: Central

Year: 1982

.....towards securing the principles specified in clauses (b) and (c) of article 39 of the Constitution. WHEREAS the Amritsar Sugar Mills Company has through its undertakings, namely the factory known as the Amritsar Oil Works, Amritsar been engaged in the manufacture and production of certain commodities, namely, vanaspati and refined edible oils which are essential to the needs of the community; AND WHEREAS the management of the said Amritsar Oil Works 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 Amritsar Sugar Mills Company in relation to the said Amritsar Oil Works for sustaining and strengthening the nucleus of public owned or controlled units required for ensuring supply of wholesome vanaspati and refined edible oils to the public 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-third Year of the Republic of India as follows

Amritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Chapter I

Title: Preliminary

State: Central

Year: 1982

.....the context otherwise requires,-- (a) "Amritsar Oil Works" means the undertakings of the Amritsar Sugar Mills Company which are engaged in the manufacture, production and marketing of vanaspati and refined edible oils; (b) "Amritsar Sugar Mills Company" means the Amritsar Sugar Mills Company Limited, Amritsar, a company within the meaning of the Companies Act, 1956, and having its registered office at P.O. Rayon Mills, Chheharta, Amritsar, in the State of Punjab; (c) "appointed day" means the date of commencement of this Act; (d) "Commissioner" means the Commissioner of Payments appointed under section 14; (e) "date of taking over" means the date on which the management of the Amritsar Oil Works of the Amritsar Sugar Mills Company was taken over by the Board of Management by virtue of the Order of the Government of India in the late Ministry of Industrial Development, No. S.O. 542(E)/18AA/IDRA/74, dated the 13th September, 1974, made under sub-section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951; (f) "notification" means a notification published in the Official Gazette; (g) "prescribed" means prescribed by rules made under this Act; .....

Amritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Section 2

Title: Definitions

State: Central

Year: 1982

.....the context otherwise requires,-- (a) "Amritsar Oil Works" means the undertakings of the Amritsar Sugar Mills Company which are engaged in the manufacture, production and marketing of vanaspati and refined edible oils; (b) "Amritsar Sugar Mills Company" means the Amritsar Sugar Mills Company Limited, Amritsar, a company within the meaning of the Companies Act, 1956, and having its registered office at P.O. Rayon Mills, Chheharta, Amritsar, in the State of Punjab; (c) "appointed day" means the date of commencement of this Act; (d) "Commissioner" means the Commissioner of Payments appointed under section 14; (e) "date of taking over" means the date on which the management of the Amritsar Oil Works of the Amritsar Sugar Mills Company was taken over by the Board of Management by virtue of the Order of the Government of India in the late Ministry of Industrial Development, No. S.O. 542(E)/18AA/IDRA/74, dated the 13th September, 1974, made under sub-section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951; (f) "notification" means a notification published in the Official Gazette; (g) "prescribed" means prescribed by rules made under this Act; .....