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Start Free TrialExport-import Bank of India Act, 1981 Section 6
Title: Constitution of Board
State: Central
Year: 1981
.....shall hold office during the pleasure of the authority nominating him. (8) The Board shall meet at such times and places and shall observe such rules of procedure in regard to the transaction of business at its meetings as may be prescribed. (9) The chairman or, if for any reason he is unable to attend a meeting of the Board, the managing director or, in the event of both the chairman and the managing director being unable to attend a meeting, any other director nominated by the chairman in this behalf and in the absence of such nomination any director elected by the directors present from among themselves, shall preside at the meeting. (10) All questions which come up before any meeting of the Board shall be decided by a majority of votes of the directors present and voting, and in the event of an equality of votes, the chairman, or in his absence, the managing director, or in the absence of both the chairman and the managing director, the person presiding, shall have and exercise a second or casting vote. (11) Save as otherwise provided in sub-section (10), every director of the Board shall have one vote. ________________________ 1. Substituted for the words.....
View Complete Act List Judgments citing this sectionBurmah Oil Company [Acquisition of Shares of Oil India Limited and of the Undertaking in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited ] Act , 1981 Section 6
Title: General Affect of Vesting
State: Central
Year: 1981
.....in relation to the undertakings in India of a specified company which have been transferred to, and vested in the central government under section 5.is pending by or against that specified company , the same shall not abate ,be discontinued or be in any way prejudicially affected by reason or of anything contained in this Act but the suit appeal or other proceeding may be continued ,prosecuted and enforced by or against the central government . (6). The promotion agreement and supplement agreement entered into on the 14th day January , 1958 and the 16 th day of February , 1959.respectively , to which the central government , the Burmah Oil Company and the Assam Oil Company Limited were parties and the adopting agreement and the second supplemental agreement entered into on 14 th day of march . 1959 and the 27 th day of 1961.respectively. to which the central government the Burmah Oil Company , the Assam Oil Company Limited and Oil India Limited. Were parties shall be deemed to have been terminated with effect from the 1st day of January, 1977 , and accordingly the rights, liabilities and obligations arising out of such Agreement shall be deemed to have been.....
View Complete Act List Judgments citing this sectionBurmah Oil Company [Acquisition of Shares of Oil India Limited and of the Undertaking in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited ] Act , 1981 Chapter VI
Title: Miscellaneous
State: Central
Year: 1981
.....Government company to take all necessary steps for taking possession of all properties which have been transferred to, and vested in, it under this Act. Contracts to continue unless terminated by Central Government Section 15 - Contracts to continue unless terminated by Central Government (1) Every contract other than an Agreement referred to in sub section (6) of section 6 entered into by a specified company for any service sale or supply in India and in force immediately before the appointed day, shall unless terminated under sub-section (2) within a period of two years from the appointed day, continue to be of full force and effect against or in favor of the Central Government or as the case may be the successor Government company. (2) The Central Government may, if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or is detrimental to the interests of that Government or the successor Government company as the as may be by order in writing either terminate such contrast or make such alterations or modifications therein as it may think fit. Provided that the Central Government shall not terminate.....
View Complete Act List Judgments citing this sectionExport-import Bank of India Act, 1981 Chapter 6
Title: Export Development Fund
State: Central
Year: 1981
.....Export Development Fund shall be credited- (a) all amounts received for the purposes of that Fund by way of loans, gifts, grants, donations or benefactions from Government or any other source in or outside India; (b) repayments or recoveries in respect of loans, advances or other facilities granted from the Fund; (c) income or profits from investments made from the Fund; and (d) income accruing or arising to the Fund by way of interest or otherwise, on account of the application of the Fund in accordance with the provisions of section 17. Section 17 - Utilisation of Export Development Fund (1) Where the Exim Bank considers it necessary or desirable so to do, it may, subject to the provisions of sub-sections (2) and (3), disburse or spend from the Export Development Fund any amount an account or in consequence of the grant of any loan or advance, or on account or in consequence of entering into any arranagement under sub-section (1) or clause (b) or clause (c) or clause (d) or clause (q) or clause (r) or clause (s) or clause (w) or clause (x) of sub-s. (2) of section 10: Provided that before granting any such loan or advance or entering into any such arrangement, the.....
View Complete Act List Judgments citing this sectionDalmia Dadri Cement Act 1981 Chapter VI
Title: Commissioner of Payment
State: Central
Year: 1981
.....meaning of sections 193 and 228 of the Indian Penal Code (45 of 1860) and the Commissioner shall be deemed to be a civil court for the purposes of section 195 and Chapter XXVI of the Code of Criminal Procedure, 1973 ( 2 0f 1974 ). (7) A claimant, who is dissatisfied with the decision of the Commissioner, may prefer an appeal against the decision to the principal civil court of original jurisdiction within the local limits of whose jurisdiction the registered office of the Company is situated: Provided that where a person who is a Judge of a High Court is appointed to be the Commissioner, the appeal shall lie to the High Court of Punjab and Haryana and such appeal shall be heard and disposed of by not less than two Judges of that High Court. Section 21 - Disbursement of money by the Commissioner to claimants After admitting a claim under this Act, the amount due in respect of such claim shall be paid by the Commissioner to the person or persons to whom such amount is due, and, on such payment the liability of the Company in respect of any claim relating to the undertakings of the Company shall stand discharged. Section 22 - Disbursement of amounts to the Company (1).....
View Complete Act List Judgments citing this sectionCine-workers and Cinema Theatre Workers (Regulation of Employment) Act, 1981 Section 6
Title: Settlement to Be Binding and to Be Enforced by the Competent Authority
State: Central
Year: 1981
Every settlement arrived at in the course of a conciliation proceeding under this Chapter shall be binding on all the parties to the dispute and shall not be called in question in any court and it shall be the duty of the competent authority to enforce the terms of the said settlement.
View Complete Act List Judgments citing this sectionHigh Court at Bombay (Extension of Jurisdiction to Goa, Daman and Diu) Act, 1981 Section 6
Title: Special Provisions Relating to Advocates
State: Central
Year: 1981
Subject to any rule made or direction given by the High Court at Bombay in this behalf, any person who, immediately before the appointed day, is an advocate entitled to practise in the Court of the Judicial Commissioner shall be entitled to practise as an advocate in the High Court at Bombay.
View Complete Act List Judgments citing this sectionSpecial Bearer Bonds (Immunities and Exemptions) Act, 1981 [Repealed] Section 6
Title: Amendment of Act 27 of 1957
State: Central
Year: 1981
In section 5 of the Wealth-tax Act, in sub-section (1), after clause (xvia), the following clause shall be inserted, namely:-- "(xvib) Special Bearer Bonds, 1991;".
View Complete Act List Judgments citing this sectionFinance Act, 1981 Section 6
Title: Amendment of Section 33a
State: Central
Year: 1981
In section 33A of the Income-tax Act, in sub-section (7), for the proviso, the following proviso and Explanation shall be substituted with effect from the 1st day of April, 1982, namely :- 'Provided that where such cost exceeds - (i) forty thousand rupees per hectare in respect of and situate in a hilly area comprised in the district of Darjeeling; or (ii) thirty-five thousand rupees per hectare in respect of land situate in a hilly area comprised in an area other than the district of Darjeeling; or (iii) thirty thousand rupees per hectare in any other area, then, the excess shall be ignored. Explanation : For the purposes of this proviso, "district of Darjeeling" means the district of Darjeeling as on the 28th day of February, 1981, being the date of introduction of the Finance Bill, 1981 in the House of the People.'.
View Complete Act List Judgments citing this sectionEssential Commodities (Special Provisions) Act, 1981 Section 6
Title: Amendment of Section 6e
State: Central
Year: 1981
In section 6E of the principal Act,-- (a) for the words, figure and letter "the judicial authority appointed under section 6C", the words, figure and letter "the State Government concerned under section 6C" shall be substituted; (b) for the words 'any other court, tribunal or authority", the words "any court, tribunal or other authority" shall be substituted.
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