Nationalisation - Law Dictionary Search Results
Home Dictionary Name: nationalisationNationalisation
Nationalisation, the expression 'nationalisation' means 'the acquisition and control of privately owned business by government', Maharashtra State Electricity Board v. Thana Electric Supply Co., AIR 1990 SC 153 (164): (1989) 3 SCC 709: (1989) 2 SCR 544. [Preamble General Insurance (Emergency Provisions) Act]...
Nationalised bank
Nationalised bank, means a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertaking) Act, 1980. [Industrial Development Bank of India Act, 1964, s. 2 (da)] [S. 224A(2) expln. (b) Companies Act]...
Linkage
Linkage, is a clearance to the linked coal company for supplying coal to the unit, subject to 'availability', and in accordance with the directives, if any, from time to time, of the appropriate competent authority regulating 'disposal of stock of coal.'Linkage does not establish any right for the linked unit to claim coal from any particular coal company/coalfield/source/grade etc. [Coking Coal Mines (Nationalisation) Act, 1972, s. 2] [Coal Mines (Nationalisation) Act, 1973, s. 1A] [Industries (Development and Regulation) Act, 1951] (Essential Commodities, 1955]....
Mine
Mine [fr. mwyn or mwy, Wel., fr. maen, a stone], an excavation or cavern in the earth; an excavation made for the purpose of getting coal or other minerals.The inspection and regulation of mines other than coal mines is provided for by the Metalliferous Mines Regulation Acts, 1872 and 1875. As to the corresponding provisions in the case of coal mines, see COAL MINES.Coal mines only were rateable under 43 Eliz. c. 2, but the Rating Act, 1874 (37 & 38 Vict. c. 54), has made all mines rateable.Neither mines under railways [see (English) Railways Clauses Consolidation Act, 1845 (8 & 9 Vict. c. 20), ss. 77-85], nor under waterworks [see (English) Waterworks Clauses Act, 1847 (10 Vict. c. 17), ss. 18-27], pass to the respective companies, unless expressly purchased. See also (English) Mines (Working Facilities and Support) Acts, 1923, 1925, and 1934; the (English) Coal Mines Act, 1926 (c. 17), and the (English) Mining Industry Act (c. 28). By the (English) Coal Mines Regulation Act, 1908, as...
nationalisation
same as nationalization...
Coal mine
Coal mine, The expression 'no person, other than the Central Government or a government company or a corporation owned, managed or control in India, in any form' is semantically sweeping and is wide in meaning so as to spare no class of coal, including even coking coal, because coking coal is a species of coal, coal itself being the genus. A definition of 'coal mine' in the Coal Mines (Nationalisation) Act, 1973. S. 2(b) of the Act defines coal mine to mean 'a mine in which there exists one or more seams of coal'. It is apparent that even a coking coal mine is a coal mine because the definition is broad, Mahindra Nath Shukla v. State of Bihar, (1980) 3 SCR 595: (1980) 3 SCC 353: AIR 1980 SC 1308 (1311). [Coal Mines (Nationalisa-tion Act (26 of 1973) s. 2 (b)]The (English) Coal Mines Act 1911, (1 & 2 Geo. 5, c. 50), repealing and reenacting, with alterations, a great part of the existing law, and itself amended by the (English) Coal Mines Act, 1914 (4 & 5Geo. 5, c. 22), contains a set o...
Cock oven plant
Cock oven plant, 'Coke oven plant' means the plant and equipment with which the manufacture of hard coke has been or is being, carried on, and includes-(i) all lands, building, works, machinery and equipment, vehicles, railways, tramways and sidings, belonging to, or in the coke oven plant, (ii) all workshop belonging to the coke oven plant, including buildings, machinery, instruments, stores, equipment of such workshops and the lands on which such workshops stand, (iii) all coke in stock or under production, and other stores, stocks and instruments, belonging to the coke oven plant, (iv) all power stations belonging to the coke oven plant or operated for supplying electricity for the purpose of working the coke oven plant or a number of coke oven plants, (v) all lands, buildings and equipment belonging to the coke oven plant where the washing of coal is carried on, (vi) all other fixed assets, movable or immovable, and current assets belonging to a coke oven plant, whether within its ...
Coking coal mine
Coking coal mine, Includes a 'coke oven plant', Sanjeev Coke Manufacturing Company v. Bharat Coking Coal Limited, (1983) 1 SCC 147: (1983) 1 SCR 1000: AIR 1983 SC 239 (244). [Coking Coal Mines (Nationalisation) Act (36 of 1972), s. 3(j)]...
Material resources of the community
Material resources of the community, The expression 'material resources of the community' does not mean that the ownership of the resource must already vest in the State. The distribution envisaged by Article 39 (b) necessarily takes within its stride the transformation of wealth from private ownership into public ownership by nationalisation. Hence the expression 'material resources of the community' is not confined to natural resources; it is not confined to resources owned by the public; it means and includes all resources, natural and man-made, public and private-owned, Sanjeev Coke Manufacturing Company v. M/s. Bharat Coking Coal Limited, AIR 1983 SC 239 (251): (1983) 1 SCC 147: (1983) 1 SCR 1000. [Constitution of India, Art. 39 (b)]The expression 'material resources of the community' would cover the lands held by private owners also, State of Maharashtra v. Basanti Bai Mohanlal Khetan, AIR 1986 SC 1466: (1986) 2 SCC 516: (1986) 1 SCR 707....
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