Sick Industrial Companies (Special Provisions) Act, 1985,1986 |
Act No : 1 of 1986 |
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Contents of Act: |
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Section (18) PREPARATION AND SANCTION OF SCHEMES | |
Section (19A) ARRANGEMENT FOR CONTINUING OPERATIONS, ETC., DURING INQUIRY | |
Section (19) REHABILITATION BY GIVING FINANCIAL ASSISTANCE | |
Section (20) WINDING UP OF SICK INDUSTRIAL COMPANY | |
Section (21) OPERATING AGENCY TO PREPARE COMPLETE INVENTORY, ETC | |
Section (22A) DIRECTION NOT TO DISPOSE OF ASSETS | |
Section (22) SUSPENSION OF LEGAL PROCEEDINGS, CONTRACTS, ETC | |
IV PROCEEDINGS IN CASE OF POTENTIALLY SICK INDUSTRIAL COMPANIES MISFEASANCE PROCEEDINGS, APPEALS AND MISCELLANEOUS | |
Section (23) LOSS OF FIFTY PER CENT NET WORTH BY INDUSTRIAL COMPANIES | |
Section (23B) POWER OF BOARD TO CALL FOR PERIODIC INFORMATION |