Court : Karnataka
Reported in : [1985]57CompCas668(Kar)
..... since they acquire their corporate character not from any registration under the companies act, but they are established under the banking companies (acquisition and transfer of undertakings) acts, 1970 and 1980. so, only some of the provisions of the b.r. act are made applicable to the nationalised banks. 30. section 3(5) of the nationalising act provides that every new bank shall carry on and transact the ..... business of banking as defined in section 5 of the b.r. act and may engage .....
Tag this Judgment!Court : Karnataka
Reported in : ILR1997KAR1573
..... manufacturing co.'s case4 (supra) the 'material resources' were explained as:-'the next question for consideration is whether the coking coal mines (nationalisation) act is a law directing the policy of the state towards securing 'that the ownership and control of the material resources of the community are ..... such as distribution between ragions, distribution between industries distribution between classes and distribution between public, private and joint sectors. in 'sanjeev coke manufacturing company's case' (supra), the court held:'the distribution envisaged by article 39(b) necessarily takes within its stride the transformation of wealth from ..... be, to exclude article 31(2), the question of compensation becomes irrelevant and otiose,................................'71. in maharashtra state electricity board v. thana electric supply company and ors. : air1990sc153 , the apex court held that on matters of economic policy, the court must advert to legislative judgment, as conditioned by .....
Tag this Judgment!Court : Karnataka
Reported in : AIR2002Kant365
..... iv vis-a-vis the right to property in articles 19(1)(f) and 31 as well as the interpretation, 'compensation' from ms. bela benerji to banks nationalisation's case do establish that the parliament has ultimately wrested the power to amend the constitution, without violating its basic features or structure. concomitantly legislature has power to acquire ..... sub-sections shall not exceed rupees two lakhs. 26. from a reading of sub-section (5) of section 72 of the land reforms act as reproduced above, it is clear that the petitioner-company may be entitled to compensation of rs. 2 lakhs only for the lands which stands vested in the government in terms of section 79 ..... 126, 128, 130,57, 61 (part), 127 and 15/4.10. it appears that dr. s. roerich had sold the following extent of land to the petitioners company under a registered sale deed-name of villagename of hoblisy. no.extent in acresextent in hectares grosskharabnetgrosskharabnet(1) b. m. kavalkengeri12414.052.3311.125.721.144.5812623.280.1023. .....
Tag this Judgment!Court : Karnataka
Reported in : 2009(4)KCCR2566(D.B)
..... directly arose for consideration. the question was, however, not decided in the minerva mills case. section 39 of the sick textile undertakings (nationalisation) act, 1974, had also declared that the act was enacted for giving effect to the policy of the state towards securing the principles specified in clause (b) of article 39 of ..... ) to file writ petition no. 21608 of 2005, is as hereunder:2.2. the first respondent herein (writ petitioner), is a public limited company, registered under the companies act, 1956. it has industries in mining, power generation through non-conventional energy sources and industrial gases. it also proposes to set up an iron ..... concessions to m/s.kalyani steels ltd. one of theincentives offered vide g.o. no. cl12.spc.95 dated 25.1.95 was thatthe company will apply for grantinglease to the department of minesand geology for an area bearing 40million mt iron ore reserves.-------------------------------------------------------------------73 to85 xxx xxx xxx xxx xxx .....
Tag this Judgment!Court : Karnataka
Reported in : [1984]57STC343(Kar)
..... : (i) seeds of food crops including edible oil seeds and seeds of fruits and vegetables; (ii) cotton seeds; (iii) seeds of cattle fodder; (iv) jute seeds. this act provides for the constitution of central seed committee to advise the central and state governments, the central seed laboratory and state seed laboratories. this ..... the various dictionaries also include nuts of any sort, still for the purpose of excise act, peanuts and cashewnuts were not fruits and vegetables as they were never understood in common parlance as fruits and vegetables. 35. in ganesh trading company's case : air1974sc1362 the assessee carried on business of buying paddy and after getting it ..... husked, sold rice. on the purchase of paddy, he paid tax under the punjab sales tax act, 1948. in computing the total turnover for levying sales tax, he .....
Tag this Judgment!Court : Karnataka
Reported in : 2001CriLJ3156; [2002(94)FLR928]; ILR2001KAR3683; 2001(4)KarLJ548
..... (62 of 1962); 17. the emergency risks (factories) insurance act, 1962 (63 of 1962); 18. the emergency risks (goods) insurance act, 1971 (50 of 1971); 19. the emergency risks (undertakings) insurance act, 1971 (51 of 1971); 20. the general insurance business (nationalisation) act, 1972 (57 of 1972); 21. the industries (development and regulation) act, 1951 vide act 46 of 1981, section 2'. from 'the economic offences (inapplicability ..... -d'. 10. a reading of the entire provisions makes it clear the contribution that has to be paid is in respect of the workers employed in an industry or a company etc. and if the contribution is not paid that is legally payable by the employer, then it is a clear contravention of the provisions of the .....
Tag this Judgment!Court : Karnataka
Reported in : ILR2005KAR4030; 2006(6)KarLJ102
..... buying and selling of agricultural produce and the establishment and administration of markets for agricultural produce in the state of karantaka.' the law makers amended this object of the act by act no. 43 of 1976 with effect from 29.5.1976 by substituting the words 'marketing' in place of the word 'buying and selling'. further the amended section ..... further held that the requirement of quid pro quo need not be confined to contributories alone.iv) the supreme court in agriculture market committee, rajam and ors. v. rajam jute and oil millers association, rajam, : [2003]2scr320 held that though quid pro quo is required in relation to a fee which is changed and collected by a market ..... provided for in the notified market area then the levy of market fee is justified.33. the long journey from kenwal krishna puri case in 1980 to rajam jute oil mills association case of 2003, the traditional view about the doctrine of quid pro quo has undergone a radical change. keeping in view the change in the .....
Tag this Judgment!Court : Karnataka
Reported in : (2005)198CTR(Kar)209; ILR2005KAR5906; [2005]279ITR402(KAR); [2005]279ITR402(Karn)
..... of the employees of the bank, the supreme court has elaborately dealt with the status of employees in nationalised banks, the true intendment of the schemes floated by the banks, and whether the principles of contract act would be applicable in a case where an offer is made under a scheme to a group of ..... employer from filling up the vacancies caused after accepting the option exercised by the employee seeking voluntary retirement from service and also employing the retired employee in another company or concern belonging to the same management. however, this does not prevent an employee, who has taken voluntary retirement from service with one employer, joining other ..... the time of his voluntary retirement or termination of his service, in accordance with any scheme or schemes of voluntary retirement or in the case of public sector company referred to in sub-clause (1), a scheme of voluntary separation, to the extent that such amount does not exceed five lakh rupees. the second proviso .....
Tag this Judgment!Court : Karnataka
Reported in : 1999(4)KarLJ628
..... annexure-f. it was submitted that it was mentioned therein that it would be considered for implementation only after following the procedure prescribed under the banks nationalisation act and subject to final adoption after following the procedure, viz., after sanction or approval by the reserve bank of india and the government of india. ..... regulation shall not apply to an employee who seeks retirement from service for being absorbed permanently in an autonomous body or a public sector undertaking or company or institution or body, whether incorporated or not to which he is on deputation at the time of seeking voluntary retirement: provided that this sub ..... 29-10-1993 the ida had submitted draft pension regulations for implementation after following the procedure prescribed under section 19(1) of banking companies (acquisition and transfer of undertakings) act, 1970/1980. annexure-v attached to the annexure-f referred to the pension scheme reiterated what was stated in the notice (annexure-e .....
Tag this Judgment!Court : Karnataka
Reported in : ILR2002KAR2889; 2002(3)KarLJ629
..... so also the sales tax in question levied against the distillery is uncalled for. the law on this point is expounded by supreme court in j.k. jute mills company limited v. state of uttar pradesh and anr., : [1962]2scr1 of its judgment. dealing with the constitutional validity or otherwise of the uttar pradesh sales tax (validation ..... 2-ap-pellate authority - commissioner of excise, bangalore ('r-2' for short) passed dismissing the petitioner's appeal under section 61(2) of the karnataka excise act, 1965 ('excise act' in short) against r-3's said order at annexure-g and affirming the same.3. the undisputed facts giving rise to this petition may be stated as ..... or rates as the state government may prescribe, shall be levied on any excisable article manufactured or produced in the state under any licence or permit granted under this act.(2) a countervailing duty at such rate or rates as the state government may prescribe......(3)...... .'.this power of the state to legislate on excise duty on .....
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