Judgment Search Results Home > Cases Phrase: state financial corporations act 1951 chapter i preliminary Page 1 of about 4,886 results (2.588 seconds)

Ksl and Industries Ltd. Vs. Arihant Threads Ltd. and ors.

Court : Supreme Court of India

Reported in : IV(2008)BC421(SC); 153(2008)DLT27(SC); 2008(12)SCALE42; (2008)9SCC763

..... thereunder shall be in addition to, and not in derogation of, the industrial finance corporation act, 1948, the state financial corporations act, 1951, the unit trust of india act, 1963, the industrial reconstruction bank of india act, 1984 and the sick industrial companies (special provisions) act, 1985 and the small industries development bank of india act, 1989.(emphasis supplied)24. according to the company, there is a bar against initiation ..... between two statutes, namely, (i) the state financial corporations act, 1951 and (ii) the companies act, 1956 in a.p. state financial corporation v. official liquidator : air2000sc2642 . the court treated 1951 act as a `special act' for grant of financial assistance to the industrial concerns with a view to boost up industrialization and also recovery of financial assistance if it becomes bad. likewise, the companies act dealt with companies including winding up of .....

Central Bank of India Vs. Coast West Ferro Alloys and 7 ors.

Court : Gujarat

Reported in : (2009)1GLR59

..... , 1985 and the small industries development bank of india act, 1989. (emphasis supplied)24. according ..... act.(2) the provisions of this act or the rules made thereunder shall be in addition to, and not in derogation of, the industrial finance corporation act, 1948, the state financial corporations act, 1951, the unit trust of india act, 1963, the industrial reconstruction bank of india act, 1984 and the sick industrial companies (special provisions) act ..... in relation to the amalgamation of a company owning an industrial undertaking with another company.rddb act - ambit and scope23. the rddb act (recovery of debts due to banks and financial institutions act, 1993) has been enacted with a view 'to provide for the establishment of tribunals .....

Ashok Organics Industries Ltd. Vs. Dena Bank and ors.

Court : Mumbai

Reported in : [2007]135CompCas203(Bom)

..... will be useful to make a reference to the decision of the supreme court reported in u.p. state sugar corporation ltd. v. u.p. state sugar corporation karamchari association : [1995]3scr1004 . after referring to the scheme of the act and placement of various sections and sub-sections this is what is observed by the supreme court (page ..... the reserve bank is satisfied that an industrial company has become sick, it may make a reference to the board, likewise if any state government, scheduled bank or public financial institution having an interest in an industrial company is satisfied that the industrial company has become sick, it may also make a reference to ..... industrial companies as quickly as possible. it would also be equally imperative to salvage the productive assets and realise the amounts due to the banks and financial institutions, to the extent possible, from the non-viable sick industrial companies through liquidation of those companies.it has been the experience that the existing .....

State Bank of India and Others Vs. State of Maharashtra, through the S ...

Court : Mumbai

..... method of taxation as the theatres situated within the said area ? it is true that the act adopts the local areas declared under the tamil nadu municipal corporation act, tamil nadu municipalities act and tamil nadu gram panchayats act as the basis or prescribing the rate of taxation. but it must be remembered that it was ..... in the form in which it is presented and filed. mr. aney would submit that barring some individuals all the petitioners before this court are corporate entities / companies / banks / financial institutions. they are artificial persons. no such entity enjoys any fundamental freedom, much less under article 19(1) (g) of the constitution of ..... the respondent no.2 addressed a circular dated 8th august, 2013, to all the banks and financial institutions notifying them about the stamp act amendment and the registration act amendments. paragraph 2.1 goes even beyond the amendments in stating that if the intimation is not filed, the mortgage cannot be enforced and is thus being .....

Bari Brahmana Industries Asso and anr. Vs. Power Development Deptt., a ...

Court : Jammu and Kashmir

Reported in : 2008(3)JKJ464

..... , can also be supplied. such a provision is there in the rdb act, namely, section 34. a similar situation arose in maharashtra tubes ltd. v. state industrial and investment corpn. of maharashtra ltd. where there was inconsistency between two special laws, the finance corporation act, 1951 and the sick industrial companies (special provisions) act, 1985. the latter contained section 32 which gave overriding effect to ..... vis-a-vis consumers of different categories on the basis of the material available before it. in fact, it has been passed with the object of rationalizing the already creeping financial structure of the utility and to secure the optimum utilization of various energy generating resources of the utility. it carries wide scale ramification towards cost related factors for securing effective .....

Indian Bank Association and ors. Vs. Union of India and anr.

Court : Supreme Court of India

..... state government, as the case may be; (ix) to provide that the magistrate trying an ..... to speeding up disposal of cases; (vii) to make the offences under the act compoundable; (viii) to exempt those directors from prosecution under section 141 of the act who are nominated as directors of a company by virtue of their holding any office or employment in the central government or state government or a financial corporation owned or controlled by the central government, or the .....

Peacock Industries Ltd., Vs. Budhrani Finance Ltd. and State of Mahara ...

Court : Mumbai

Reported in : IV(2006)BC302; 2006(5)MhLj162

..... exempt those directors from prosecution under section 141 of the act who are nominated as directors of a company by virtue of their holding any office or employment in the central government or state government or a financial corporation owned or controlled by the central government, or the state government, as the case may be; and to provide ..... introduced, the provisions of section 143 to 149 were inserted and the problems which legislature intended to tackle. the banking, public financial institutions and the negotiable instruments laws (amendment) act, 1988 (66 of 1988) inserted chapter xvii comprising of sections 138 to 142 with effect from 1.4.1989. it was inserted with ..... industries ltd.'s case must be followed scrupulously by all the courts dealing with cases under section 138 of the act. the courts should also bare in mind the judgment of this court in bhaskar sen v. state of maharashtra and ors. : 2004(4)mhlj1115 while dealing with the application/s for exemption. similarly, while .....

income-tax Officer Vs. A.P. State Financial Corpn.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Reported in : (1984)8ITD473(Hyd.)

..... decision in cotton fabrics ltd.'s case (supra) that the entire expenditure was incurred for earning business income alone. he relied on the relevant provisions of the state financial corporation act, 1951, under which the assessee was constituted, and in particular the provisions of section 25 and section 28 which related to the kinds of businesses which the ..... be deducted. i do not think that there is much force in the assessee's contention. the preliminary objective of the corporation is not to invest in shares. in fact as per section 25(f) of the state financial corporation act, the corporation can retain as part of its assets, any stocks, shares, bonds, etc., which it may have to take in ..... be placed at any figure higher than rs, 3,000 which had been adverted to by the assessee before the ito. he also filed a letter from, the corporation stating that at the most a junior clerk would have to spend only about 10 hours in a year in connection with earning the dividend income.6. we have .....

Narendra Ishulal Rahangdale Vs. State of Maharashtra and ors.

Court : Mumbai

Reported in : 2005(4)ALLMR222; 2006(1)BomCR890; 2005(3)MhLj567

..... it means the government department concerned and in the case of schools managed by local bodies, a zilla parishad, a municipal council, a municipal corporation or a cantonment board having general and financial control over a school.'rule 59 of the said code reads as under --'59. an untrained teacher shall acquire training qualifications within a period ..... requirements, namely:-- xxx xxx xxx xxx(xvi) the school shall comply with the provisions of the secondary schools code of the state government insofar as they are not inconsistent with the provisions of the act and the regulations.'clause 17 of chapter 1 of the code which deals with definitions, defines the management as under :--'(17) ..... , in exercise of the powers vested in it in view of the provisions of section 248 of the zilla parishads act also make it clear that it has been the consistent stand of the state government that the provisions of the said code are applicable to the teachers employed in the schools managed by the zilla .....

Shivaji Sampat Jagtap Vs. Rajan Hiralal Arora and the State of Maharas ...

Court : Mumbai

Reported in : 2007CriLJ122

..... those directors from prosecution under section 141 of the act who are nominated as directors of a company by virtue of their holding any office or employment in the central government or state government or a financial corporation owned or controlled by the central government, or the state government, as the case may be; and to ..... institutions and the negotiable instruments laws (amendment) act, 1988 (66 of 1988) had inserted chapter xvii comprising of sections 138 to 142 with effect from 1.4.1989 ..... state of bihar 1998 (1) crimes 295 (patna high court). 10. before i address the question, formulated as above, it would be, i think, useful to briefly refer to the legislative background and the circumstances against which the provisions contained in section 143 came to be inserted in the act. the banking, public financial .....