Sica Act 1985 Pdf

Sick Industrial Companies Act (SICA)

Bareacts sickindustrialact. Arrangement for continuing operations, etc. Power of Board to call for periodic information. Constitution of Appellate Authority.

Government finally repeals SICA 13 years after repeal Act was passed

Sick Industrial Companies Act (SICA)

Provided that no person shall hold office as the Chairman or other Member after he has attained the age of sixty-five years. Inquiry into working of sick industrial companies.

2. DECLARATIONGovernment finally repeals SICA 13 years after repeal Act was passed

Direction not to dispose of assets. Removal of Members from office in certain circumstances. Operating agency to prepare complete inventory, etc. Suspension of legal proceedings, contracts, bollywood movie scripts pdf free etc.

Government finally repeals SICA 13 years after repeal Act was passed

This site uses Akismet to reduce spam. Constitution of Benches of Board or Appellate Authority.

1. SHORT TITLE EXTENT COMMENCEMENT AND APPLICATION

Effect of the Act on other laws. Rehabilitation by giving financial assistance. Provided that such Secretary, officer or other employee shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the Schedule. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Provided that different dates may be specified for different provisions of the scheme.

Provided that no person shall hold office as the chairman or other member after he has attained the age of sixty-five years. Members and staff of Board and Appellate Authority to be public servants. Related Terms Infant-Industry Theory The infant-industry theory argues that emerging domestic industries need protection against international competition until they become mature and stable. Winner of the Agami Prize for democratising access to law.

Saving of pending proceedings. Compare Popular Online Brokers.

External factors included an energy crisis, raw materials shortage, infrastructure bottlenecks, inadequate credit facilities, technological changes and global market forces. Smokestack Industry A smokestack industry is a traditional heavy manufacturing industry that tends to produce pollution in its process.

Sick Industrial Companies Act (SICA)

Government finally repeals SICA 13 years after repeal Act was passed

Provided that no such notification shall be made by the Central Government after the expiry of a period of three years from the date on which this Act receives the assent of the President. Penalty for certain offences. Preparation and sanction of Schemes.

Free for one month and pay only if you like it. Powers of Board to make suitable order on the completion of inquiry. Provided that no institution shall be so specified unless not less than fifty-one per cent.

It advocates replacing imports with domestically produced goods and using protectionist measures to nurture internal manufacturing. Proceedings on report, etc. Secretary, officers and other employees of Board or Appellate Authority. Winding up of sick industrial company. Proceedings before Board or Appellate Authority to be judicial proceedings.

1. SHORT TITLE EXTENT COMMENCEMENT AND APPLICATION

Protection of action taken in good faith. Procedure of Board and Appellate Authority. Short title, extent, commencement and application.