Sick Industrial Companies (Special Provisions) Act, 1985
Central · 1985
Chapter CHAPTER-I
Chapter CHAPTER II
- S. 4Establishment of Board
- S. 5Constitution of Appellate Authority
- S. 6Term of office, conditions of service, etc., of Chairman and other Members
- S. 7Removal of Members from office in certain circumstances
- S. 8Secretary, officers and other employees of Board or Appellate Authority
- S. 9Salaries, etc., be defrayed out of the Consolidated Fund of India
- S. 10Vacancies, etc., not to invalidate proceedings of Board and Appellate Authority
- S. 11Members and staff of Board and Appellate Authority to be public servants
- S. 12Constitution of Benches of Board or Appellate Hate Authority
- S. 13Procedure of Board and Appellate Authority
- S. 14Proceedings before Board or Appellate Authority to be judicial proceedings
Chapter CHAPTER-III
- S. 15Reference to Board
- S. 16Inquiry into working go of sick industrial companies
- S. 17Powers of Board to make suitable order on the completion of inquiry.
- S. 18Preparation and sanction of Schemes
- S. 19Rehabilitation by giving financial assistance
- S. 19A[Arrangement for continuing operations, etc., during inquiry
- S. 20Winding up of sick industrial company
- S. 21Operating agency to prepare complete Inventory, etc.
- S. 22Suspension of legal proceedings, contracts, etc.
- S. 22A[Direction not to dispose Of assets
Chapter CHAPTER-IV
- S. 23Loss of fifty percent net worth by industrial companies
- S. 23A[Proceedings on report, etc., of loss of fifty percent net worth
- S. 23BPower of Board to call for periodic information
- S. 24Misfeasance proceedings
- S. 25Appeal
- S. 26Bar of jurisdiction
- S. 27Delegation of powers
- S. 28Returns and information
- S. 29Power to seek the assistance of Chief Metropolitan Magistrate and District Magistrate
- S. 30Protection of action taken in good faith
- S. 31Saving of pending proceedings
- S. 32Effect of the act on other laws
- S. 33Penalty for certain offences
- S. 34Offences by companies
- S. 35Power to remove difficulties
- S. 36Power to make rules