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TiS Re CQIMAOITENNINAS —_—_MUGISTERER NO, DL NMAMMNT/2ONS_I8 JRa The Gazette of Iudia EXTRAORDINARY wr tae PART 1 — Section 1 safer 8 PURLISHED BY AUTHORITY ey sé eee, yar, wr 2, 2000 te 1, 1922 so) [NEW DELAL FRIDAY, JANUARY 2, 904 PAUSA 12,19 EsLatuuhubakhakinaiohtoiGnubiakionbal oprate ging a ent he Pat ode tt ey Be Bla erat pan, MINISTRY OF LAW AND TUSTICE (Legislative Deparment) few Doth, date the 2nd araurs, 04iPausa 12, 1995 (Sab) The folloring Acc of Partiamese resolved the sven af dhe President the Isc anus. 2004andis hoi publtedrgenralifoaton— ‘THESICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003 ‘Ne. 1 oF 2004 oe ganmany, 20,1 ‘Am Acctosspeal he Sick Industial Cornpanics (Special Provisions) Act, 1988, 3 voted by Parisien the Pie-Founh Year uf te Rep of Ind ay fol: 1. 1) This Act may be wale the Sick tein Companies (Special Provisins) sterile wa Repos! Ae, 200 Cremer (2) Wi aba come inte force vo such date 36 the Cental Goverament ray. by etfieston jo he Oeil Greet, ppine. 2. his Act, uses he ooatent atari eies-— tc 9) "Appetite Autos” meas the Applice Authority for Indo and nancial Receesructoazonstned der setion Sofie Sick Induabal Camps (Spesial Provisions ht 1983: 0) "Board cans the Board fr (ulusval nd Financ Keximstuceon ‘sualihed under section 4 of the Sick Industrial Campouieg (Special Provinons) Act, 1985 2 [TIEGAZETTE OF NOIAEXTRAGRDIKARY [Page £65 woe a expeesions weed bee ad ao Ca but Sid in he Sick Industriel Companies (Spent Provisions) Act, 1945, shall have the meanmes 1 et ts respectively signed 10 them in thal Ae! vejae® sc) 3, Te Sik toda Companies (Speci Proons) Act, 19KS ¢heenae ee "ahd ered vo as he repealed enacoment) is bereby repealed aed the Appete Autuly sed ecko ae Bowrd sta dase peeyeme 4 On the disooron ofthe Appelat Authority and the Board — (2) 7 he persons appointed 25 Chaiemm and Member af the Appellate Auariy the Boar: wt 4) every otuer yecon appsinted by the Centst Civerment, appellate urkority or the Beard, and holding offics ae ouch immediately fore the commeacernen ofthis Act. skal ‘ne he offee ail tn eich Chainnan, Mener or ccher person shall be entitled to ‘nin ny competion far pals einen ofthe cn of his offic or of ony conta of eerie Provided that evry llicer er eraphyve shy hs bea, steal before the isoution ofthe Appelixe Autuorty o te Gear, appa ett bass to ‘he Appelte Autry of Me ona, hall ead revoned ta Wis paca cao, Miniery ft Deparment, 2 be case maybe Drovided Fre har every offic o emplosce who has ben, remedy before the dstluian of he Appel Autovity or the Dour, employ on regs basic by the Appellas Anshorty or the Board, stall became. on and from the dal of eh dissolution, the efier and exoploye, eespenively, ofthe Cental Goversmanl wth he lane sight ad peivilags a to pension, grate and oer Uke mates as 0 have been disable hin A the igh in retin o such Appetite Authority ov The Base Ina nul ace gausfored 19, and vested in, the Cera! Goverment and shill connie too less ad nel his employer he Oral Gover Us weit i hg ramen, ton and cones of emplesmen edly hed by ta Cove Provide alo that oorwittstanding sything ooniined it the Indust Disputcs Act, 1947, rin anyother low or the toe being in foe, the tse of Te sree Of a of 16 ay cer or whe employe, esplayed ine Appellate Authority or he Board, tthe Conia Government shall not ence veh officer or emplayee Io any compensation ide this Act or ay eth law So he te berg in free ab wo ouch ca sal be erteraioed by any cour, ene! er other anhoey Providod aso that whee the Appelite Autry or the Load Us elisha provident fund, eopsrannustion, wells or ott fied for tho beet of he aficrs and foployees employed inthe Appellate Autry o¢ fhe Hoard, che rnnis relate Ty officers and employees whose aeroces Eve been inser fy oF ule Thiet 1 th Conta Goverment shall, ut of The monies sada am the distlatan tho ‘Spline Actaris cr the Dear oe ere of eel provident fond. superanountion, ‘wolfe oF other fund, sand ansfered to. and vet 2, he Cena Government and uch voies wih sad ao tansfred ball Be deat with by Ina Gaweenmen in auch rrr in may he prseibed, 2) ay appeal prefered to the Appelt Atheiy araryaference made ko te Road or an inquiry peoding Gere the Burd oe Sy her sutartyoF any proccedg af whaxver nature pending before the Appellae Anthucly 1 Tie ‘cad immotiney befor the tsmnencoment of i Aet abl stand ebatc se. "HY GAZETTE OF INDIA EXTRAORDINARY Provide st eumpany— ‘bin expec of which soe apzea ce refouee ocr lind abs under ttiscouse may make arefrenecunder PART VIA ute Companies Ae, win one une and elhty days frm the somaencement he At in acondahee ih thy prossions of ne Cempaics Act, IDS (G8) hich had become 3 sick andoneral comping as Uelind in cause (46AAi ot seeian 2 af the Companies Ae, 1986, before ts cremetcen te Companies Second Amendmentt Act 2002 my ake a rterenee unser PART VIA of the Companies Act. 1950 within me bonded and sigs days fiom the commonccneet uf the Corponies (Second Arenas Act, 2007 1 within sisty days of final alspiin of accounts afer such vonunencement ‘ichover earlier, snd reference omovieshall be del withinarcorsanse sus proviso ae Compan A. 1956 Provide Sorter tht foe shall he payable fr aking sash fences ser PAILL WIA atthe Corapanes Ae. 956 bp 0 stmipamy shore appeal or Testes wr inquiry stand abated under ts sause: ronal tly scheme rane one er subsection 18) oF any ote cer implemeniation under aubcetton 1/2148 section 19 oft ses rain Srull be tetmed to be u scheme sunezoned of rd ispomemttion under schon 40) ofthe Corp mies cl 7956 and salle dele wt in azeardance whe pres aed iv PARI VG 4 thal et ‘ci the balan ft monies eluding any fe ecceived bs, 0 alata io the Agpellte Authority oF tho Boar, as he ease ny hw vot epert By hati the ervencene of hiv Acl hall “om he coremeooabea: of sl Act, sud wansfored ad tf, te Cesta arcane el al be 69 or the purposes of elses and Authority or the Boaré. asthe festnensement ofthis Act hall th rvvincncener ots AG, und ante Nate shall sent i the Cental Govern {ep all ibis and obligations of wlascven Kit mel by ty Apellate Autbonty er the Board and sbsiscg ined ely bufre the nmerserent of this ct shal, on and om the commcncemen of his el, be termed 30 Ths ables or obgationa. a he ease ay be. the Cental Governments acd a? rroceeding or esuee of action. peuing of ssisling iamediaely boro the ‘Gntvecerent ti Aes by oF ant Uke Appellate Author a he Hearn relation Uo such Habikt cr obligation mae. ot fem the servexsueent 9 hs At, be vontaued or enforced by or agains the Cental Goverment @ al monies voted m he Cetal Government unde le fo shal, ter deducting > amount ince fr dscharg-ng th lia ies srl oblgition ered to at that claus, he ofded I the Carle! Grvsrrnen othe petsan Zo-shom such amount i da, ‘S.C The ene 2y tis tothe repealed ecient hal not (0 afee any ther emscimen: in hich te resale shastnoa Fas es apphe uerpore er reterced 1; (6) afc he previous operation of ie repeals ensctmers er enything nly shove lore thee 4 HLGAZLITEOFINDIAERTRAORDINARY [Patt tS 17 Fei afer any right. prisilege.oigaton a Hibicy sexed. seecued, or Feared wade the vel elvan \ealfectany crder made hy ine Board for sanction af he schenes, Ge) afc to elit, avalide ur sonzaqunses of anything already loge o eel. uruny gh, Ue blgun alibi end acquire, acer or incureder any remedy of proceeding intespecthereot or ary cleasco scare ofr fom any det. peal bleaten iabliy, cli or demand. ary inves slveady gant orth root of ay pst eto ing 1 net any perty. forfeiure-o punishment incurred in respect af any aftnce comaited assis he repeated nacienet, ate ay inSeOUgM, Lal sceedings or remedy i aspet of any Sach ng, preg, obligation, Hala, Penalty, frre ur powshmnt safes, and any such inveaigton, legal [Proceeding orremecy may hemes, contmued erences, any sich pee, Teka or shen mye imps l isActad nt bea ps (6) aflect any gemerpe of rule of lav, or exabisted jardin, form or course of pleading, grusio ar procedure, or existing usage, custom, xiilgs, festietiog, exemption, ofec or appeinencat, notwithstanding that the sane sespocively means oan in any manner afianed er recognised or dvived by, i, the Fpeal enactment Gi revive ue eure any jrisicion, ue, custom, labile, le, Privilege, rnc, semen, mae, peathts poeedue ober mater hing et iy or et (2) Save ohhrse eovided in seaion 4 and in sub-section ofthis cecton the mlion of puter weer 2 Tes eign ad stogestun shall nt Be Ue a ‘rejudice or ae! the general applicaun of selun 6 ofthe Genera? Chases Al, 1387, ‘id wegard to the set of pe 6.41) the Cental Governen may, by notifeston, ake roe for eaying ou be prin Fe Aud {2} In particular, and without prejudice fo the gentry of the foregoing power, ‘ach ules ng pide forall or uy of th Elsing mats, amely:— {a the merner i which the monies sanding tothe ret of pasion fund, superannuation, fae or oer fad of officers and employees on tei ante co tho Catal Goveemmen, sa: be det th by that Goverment oer the Four ‘owsn te chuze (a af setion {ay othr mater whichis wo Be, oF may be, pesrbed, or in espe of ‘whio positon te be md, by es 2) Foesy us mas dsr hi At sal be as som a may be alert mad, telre eich ous of Paasen, while itis in scasion, fr a eal period of chy day ‘ach may bs empied in one sesion ot into or tare suceestive seasons and i Ft the expiry of tho sation iimdiacely follesring te ersion or che nacarive caecons aforesaid. oth Houses epee ig makin aby mucution the re oF both Hlinnes eps he sls acl none nud, the rl shal erates have effect only in ek sia van ox hoof uo effet, the cake ray Us. haste, tak ay Sch ‘wadifiation or annolment Salle witht prejudice te he vali any hing previously hn ea that ue, TL VISWANAILON, Soy Soe Gt of a