Amendment status not verified — confirm the current text below against the official source.
To this Act, U ~ ~ C S S the context otllcrwise requires,- (a) "appointed day" means tllc date of commencement or this Act; (b) "bank" mcans a banking company within the meaning or the Bang& of 1949 ~ e ~ u h t i o n Act, 1949 ; (c) "Commissiunci' mcans thc Commi.;sioaer of plzymenls appointed under section 6 ; , , , (4 "Company" mcans the Orissa Textile Mills Limited, being a company 1456 wthin the mealling ofrhe Companies Act, 1956 and Living its registered office at Choudwxr in the State of Orissa; (c) "Sharc" means n share, whelher prcfcrcnce sharc or equity sharc, jn the capital of the Company and includes tr share pled@ by any shareholder with any bank or other creditor; O) "Shareholder" means,- (;? a person who, ~~amediately bcforc the appointed day, was registered by the Company as the holder of any share and includes his legal representative; or (ii) a person who, before the appointed day, had lodged with the ailg56 Company a proper instrument of transfer of any share in the fom prescribed under scction 108 of the Cornpanics Act, 1956, and cxecuted in accordance with the provisions of that section;or * For Statement of 0 bjects and reasons see Qrissa Gazette, Extraordinary, dated the 9th September 1983 {IISO). THE ORISSA TEXTTLE MILLS LIMITED (ACQUISITION OF SHARES) ACT, 1983 [Oris>a Act 27 of 19831 (Secs. 3 4 ) (iig a person who claims uhder a proper instrument of transfer of any share in the form prescribed under section 108 of the Companies Act, 1956, and delivers such instrument to the C o d - l,f ,956 ssioner, duly executed, on or before such date as , the State Government may, by notification, specify in ths behalf; (g) "spec6ed dare" means such date as the State Government may, for the purposes of any provision of this Act, by notification, specify and different dates may be specified for different provisions of this Act; (It] Words and expressions used herein and not debned but defined in the Companies Act, I956 have the meanings respectively assigned to them in i of 1956 that Act. CHAPTER I1 ACQuISlTION OF THE SHARES OF THE COMPANY T - T ~ alld