SICK INDUSTRIAL COMPANIES (SPECIAL PROVISIONS) REPEAL ACT, 2003

Power to make rules (1) The Central Government may, by notification, make rules for carrying out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely :— (a)   the manner in which the […]

Saving (1) The repeal by this Act of the repealed enactment shall not— (a)   affect any other enactment in which the repealed enactment has been applied, incorporated or referred to; (b)   affect the previous operation of the repealed enactment or anything duly done or suffered thereunder; (c)   affect any right, privilege, obligation

Consequential provisions On the dissolution of the Appellate Authority and the Board,— (a)   (i) the persons appointed as Chairman and Member of the Appellate Authority or the Board; and     (ii) every other person appointed by the Central Government, Appellate Authority or the Board,     and holding office as such immediately before

Repeal of Act 1 of 1986 and dissolution of Appellate Authority and Board The Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as the repealed enactment) is hereby repealed and the Appellate Authority and the Board stand dissolved.

Definitions In this Act, unless the context otherwise requires,— (a)   “Appellate Authority” means the Appellate Authority for Industrial and Financial Reconstruction constituted under section 5 of the Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986); (b)   “Board” means the Board for Industrial and Financial Reconstruction established under section 4 of the

Short title and commencement 1) This Act may be called the Sick Industrial Companies (Special Provisions) Repeal Act, 2003. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.