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Section 31

The Swadeshi Cotton Mills Company Limited (Acquisition and Transfer ofUndertakings) Ordinance, 19 86.Ordinance · 1986

(1) The Central Government may, by notification, make rules for Power carrying out the provisions of this Ordinance. *° make rules,

(2) In particular, and without prejudice to the generality of the foregoing powers, such rules may provide for all or any of the1 following matters, namely:- -

(a) the time within which, and the manner in which, an intimation referred to in sub-section (4) of section 4 shall be given;

(fa) the manner in which the monies in any provident fund or other fund, referred to in sub-section (2) of section 13 shall be dealt with;

(c) any other matter which is required to be, or may be, pres-» cribed.

(3) Every rule made by the Central Government under this Ordinance shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making- any 14 THE GAZETTE OF INDIA EXTRAORDINARY [PART II— modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form ox be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.

Power 32. If any difficulty arises in giving effect to the provisions of this difficulties Ordinance, the Central Government may, by order, not inconsistent with the provisions of this Ordinance, remove the difficulty:

Provided that no such order shall be made after the expiry of a period of two years from the date of promulgation of this Ordinance.

THE SCHEDULE [See sections 18, 19, 20(1), 21(1), 22(2) and 25(1)] ORDER OF PRIORITIES FOR THE DISCHARGE OF LIABILITIES OF THE COMPANY

PART I Category I Employees' dues on account of unpaid salaries, wages, provident fund, Employees' State Insurance contribution or premiums relating to the Life Insurance Corporation of India and any other amounts due to employees in respect of any period whether before or after the date of taking over of the textile undertakings.

Category II Secured loans obtained from nationalised banks and public financial institutions, other than the National Textile Corporation, in respect of any period whether before or after the date of taking over of the textile undertakings.

Category III Any credit availed of for trade or manufacturing purposes during the post-take over management period.

Category IV Revenue, taxes, cesses rate or other dues to the Central Government, State Government and local authorities for the period after the date of taking qvfcr of the textile undertakings, S*c. 1] THE GAZETTE OP INDIA EXTRAORDINARY 15

PART II Category V Revenue, taxes, cesses, rate or other dues to the Central Government, State Government and local authorities or State Electricity Boards for the pre-take over management period.

Category VI Any credit availed of for trade or manufacturing purposes during the pre-take over management period.

ZAIL SINGH, President.

S. RAMAIAH, Secy, to the Govt. of India.

PRINTED BY THB GENERAL MANAGER, GOYEBNMENT Of INDIA PRE8B, MOTTO ROAD, DELHI AND PUBLISHED BY THE CONTROLLER OP PUBLICATIONS, DELHI 1986

Where this provision sits

ActThe Swadeshi Cotton Mills Company Limited (Acquisition and Transfer ofUndertakings) Ordinance, 19 86.
Section31
StatusIn force as published by the source

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