Judgment Search Results Home > Cases Phrase: jute companies nationalisation act 1980 chapter i preliminary Page 1 of about 661 results (0.096 seconds)

National Jute Manufacturers Corporation Ltd. Vs. Kotihar Mazdoor Sangh ...

Court : Supreme Court of India

Reported in : AIR2001SC1746; 2001(49)BLJR1173; [2001(89)FLR1038]; JT2001(5)SC59; 2001LabIC1734; (2001)IILLJ264SC; 2001(3)SCALE356; (2001)4SCC408; [2001]2SCR1177; 2001(2)SCT735(SC)

..... . however they will not get any arrears on that count.3. rai bahadur hurdut ray motilal jute mills pvt. ltd. (for short 'the mill') had remained closed from 25.2.1975 to 17.8.1979. on coming into force of the jute companies (nationalisation) act, 1980 (for short the 'nationalisation act') it stood transferred and vested in the central government with effect from 21.121.1980. in ..... turn the central government under the provisions of the said act transferred the mill to the national jute manufacturers corporation limited (for short the 'corporation'). though the provisions of the .....

J.K. Industries Ltd. and anr. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Reported in : [2008]143CompCas325(SC); (2008)5CompLJ369(SC); (2007)213CTR(SC)301; [2008]297ITR176(SC); 2007(13)SCALE204; [2007]80SCL283(SC); 2007AIRSCW7443

..... in these rules, unless the context otherwise requires,-a. 'accounting standards' means the accounting standards as specified in rule 3 of these rules;b. 'act' means the companies act, 1956 (1 of 1956);c. 'annexure' means an annexure to these rules;d. 'general purpose financial statements' include balance sheet, statement of profit ..... accounting for impairment of assets in as 28 are various aspects dealt with only under accounting standards and not under the companies act. according to learned counsel, since the companies act nowhere deals with recognition and measurement of various items of income and expenses, assets and liabilities, and since it deals ..... the expression 'any expenditure' in section 37 covers both, allowances and depreciation. [see commissioner of income-tax v. indian jute mills association : [1982]134itr68(cal) ]. depreciation under income tax act is an incentive/allowance, however, in commercial accountancy, it is reduction/deduction from the value of an asset on the .....

Mahendra Kumar Vs. Omprakash and 2 ors.

Court : Madhya Pradesh

Reported in : AIR1981MP190; 1981MPLJ557

..... counsel for the petitioner challenging the validity of the 'no objection certificate' and the licence in question, made following contentions --(i) the provisions of the act and the 1972 rules do not contemplate establishing quasi-permanent cinemas after the coming into force of these rules; hence neither a 'no objection certificate' nor a ..... 1972 rules, hereinbelow before we proceed to interpret section 3 as to whether all the categories of cinemas are covered within the ambit of section 3 of the act.'cinematograph -- 'cinematograph' includes any apparatus for the representation of moving pictures or series of pictures.''place -- 'place' includes a house, building, tent and any ..... the english language is not an instrument of mathematical precision. our literature would be much the poorer if it were. this is where the draftsmen of acts of parliament have often been unfairly criticized. a judge, believing himself to be fettered by the supposed rule that he must look to the language and .....

Western Coalfields Limited Vs. Special Area Development Authority, Kor ...

Court : Supreme Court of India

Reported in : AIR1982SC697; (1982)2CompLJ793(SC); 1981(3)SCALE1775; (1982)1SCC125; [1982]2SCR1

..... veil in order to have regard to the realities of the situation. the appellant companies were incorporated under the companies act for a lawful purpose. their property is their own and it vests in them. under section 5(1) of the coal mines (nationalisation) act, 26 of 1973, which applies in the instant case, the right title and ..... development and utilisation of coal resources as best to subserve the common good.(3) under section 5 of the nationalisation act, the acquired properties were vested in a government company in order to carry out more conveniently the object of that act, and for that purpose, the properties were freed from all encumbrances by section 6 of the ..... interest of a nationalised coal mine vest, by direction of the central government, in the government company. if the lands and building on which respondent 1 has imposed the property .....

Oriental Bank of Commerce and Others Vs. S.M. Chopra

Court : Allahabad

Reported in : 2000(1)AWC594

..... suit was not maintainable. while considering the question the appellate court has held that the defendants-bank is a scheduled bank which was nationalised under the banking companies (acquisition and transfer of undertakings) act, 1980 and the contract of service which prior to such nationalisation was based upon the private contract was converted to statutory relationship of master and servant since by the banking ..... companies act, 1980 the defendant was declared to be a nationalised bank and was thus a statutory body.18. it is not in dispute that the banking companies (acquisition and transfer of undertakings) act, 1980, was enforced w.e.f. 11.7,80. chapter ii of the said .....

industrial Finance Corporation of India Ltd. Vs. the Cannanore Spinnin ...

Court : Supreme Court of India

Reported in : AIR2002SC1841; 2002(3)ALD113(SC); 2002(2)ARBLR676(SC); II(2002)BC430(SC); [2002]110CompCas685(SC); (2002)4CompLJ337(SC); JT2002(4)SC318; (2002)3MLJ144(SC); 2002(3)SCALE574;

..... of any suit on behalf of the plaintiff against the defendants, when all assets of the first defendant - company have vested in the government of india under the sick textile undertakings (nationalisation) act (hereinafter referred to as 'the act') and the compensation for the vesting of the mills in the government has already been declared. the plea ..... a. tamplin steamship co. ltd. v. anglo maxican petroleum products co. ltd. 1916 2 ac 397 (which stands quoted (with approval by this court) in naihati jute mills v. khyaliram : [1968]1scr821 , seems to have settled the law on the same. lord loreburn in tamplin steamship stated:'a court can and ought to ..... manner of application in the contextual facts. recapitulating the facts briefly, the nationalisation act came into force in the year 1974 by reason of which the assets of a debtor company stand vested on the state. in terms of the provisions of the nationalisation act, there was appointed a commissioner of payments and by reason of the factum .....

Kishan Prakash Sharma and ors. Etc. Vs. Union of India and ors.

Court : Supreme Court of India

Reported in : AIR2001SC1493; JT2001(3)SC554; 2001(2)SCALE586; (2001)5SCC212; 2001(2)SCT656(SC); (2001)2UPLBEC1232

..... the general insurance business (nationalisation) act, 1972 (act 57 of 1972) as amended from time to time (hereinafter referred to as 'the act'). 2. the preamble to the act explains the purpose of the act as to provide for the acquisition and transfer to shares in the indian insurance companies and undertakings of other insurers ..... this section, the expressions 'acquiring company' and 'corporation' shall have the meanings respectively assigned to them in the principal act.' 7. shri p.p.rao, learned senior counsel for the petitioners, submitted that: 1. the schemes of 1976 and 1977 are illegal being ultra vires the nationalisation act of 1972 for reasons given ..... on may 13, 1971, the government of india took over the management of the companies engaged in general insurance business in india under the general insurance business act, 1971. prior to nationalisation, there were nearly 106 general insurance companies both of indian and foreign origin. the conditions of service of the employees of .....

Samatha Vs. State of A.P. and ors.

Court : Supreme Court of India

Reported in : AIR1997SC3297; JT1997(6)SC449; 1997(4)SCALE746; (1997)8SCC191; [1997]Supp2SCR305

..... policy of the state towards securing a directive principle and the connection with the directive principle must not be some remote or tenuous connection. the object of the nationalisation of the coalmine is to distribute nations resources. it was held at page 1023 that though the word 'socialist' was introduced in the preamble by late ..... mixed economy. in state of karnataka vs. shri ranganatha reddy & anr. etc. [(1978) 1 scr 641], a bench of nine judges of this court considered nationalisation of the contract carriages. in that behalf, it was held that one of the principal aims of socialism is the distribution of the material resources of the community in ..... carry out their functions, create an organisation with a range of human beings. in english law such corporations are formed either by charter, statute or registration under the companies acts; there is also the common law concept of the corporation sole" at page 163, it is further stated that "[t]he crown is the executive head in .....

Assam Leather Industry Vs. Union of India (Uoi) and ors.

Court : Guwahati

..... fire and general insurance company limited, formed and registered under the companies act, 1956 (1 of 1956) ; (6) the united ..... under the industrial reconstruction bank of india act, 1984 (62 of 1984) ; (2) the general insurance corporation of india established under the general insurance business (nationalisation) act, 1972 (57 of 1972) ; (3) the national insurance company limited, formed and registered under the companies act, 1956 (1 of 1956) ; (4) the new india assurance company limited, formed and registered under the companies act, 1956 (1 of 1956) ; (5) the oriental .....

Minerva Mills Ltd. and ors. Vs. Union of India (Uoi) and ors.

Court : Supreme Court of India

Reported in : AIR1980SC1789; (1980)3SCC625; [1981]1SCR206; 1980(12)LC727(SC)

..... amending power.7. petitioner no 1 which is a limited company owned a textile undertaking called minerva mills situated in the state of karnataka. this undertaking was nationalised and taken over by the central government under the provisions of the sick textile undertakings (nationalisation) act, 1974, petitioners 2 to 6 are shareholders of petitioner no ..... article 31c. the case of the union of india is and tiiat is supported by the legislative declaration contained in section 39 of the nationalisation act, that this act was enacted for giving effect to the policy of the state towards securing the principles specified in clause (b) of article 39 of the ..... a manner highly detrimental to public interest.10. by these petitions, the petitioners challenge the constitutional validity of certain provisions of the sick textile undertakings (nationalisation) act and of the order dated october 19, 1971. we are not concerned with the merits of that challenge at this stage. the petitioners further .....