Section 2 of The Jute Companies (Nationalisation) Act, 1980
In this Act, unless the context otherwise requires,--
- (a)"appointed day" means the date of commencement of this Act;
- (b)"Commissioner" means the Commissioner of Payments appointed under section 14;
- (c)"jute companies" means the companies (being companies as defined in the Companies Act, 1956 1 of 1956) specified in the First Schedule;
- (d)"Jute Manufactures Corporation" means the National Jute Manufactures Corporation Limited, a company incorporated and registered under the Companies Act, 1956 (1 of 1956);
- (e)"notification" means a notification published in the Official Gazette;
- (f)"prescribed" means prescribed by rules made under this Act;
- (g)"specified date", in relation to any provision of this Act, means such date as the Central Government may, by notification, specify for the purposes of that provision and different dates may be specified for different provisions of this Act;
- (h)words and expressions used herein and not defined but defined in the Companies Act, 1956 (1 of 1956), shall have the meanings respectively assigned to them in that Act.
Summary
- The appointed day refers to the date the Act begins to apply.
- The Commissioner is a specific official appointed under Section 14 to handle payments.
- The Jute Manufactures Corporation specifically means the National Jute Manufactures Corporation Limited, registered under the Companies Act of 1956.
- A specified date is a date chosen by the Central Government for a specific rule to take effect, and different rules can have different start dates.
- If a word is used in this Act but not defined here, its legal meaning will be taken from the Companies Act of 1956.
Practical examples
FAQ
1. Does the entire Act have to take effect on a single date?
No. While the appointed day is the general start date, the Central Government can set different specified dates for different provisions of the Act.
2. Who exactly is the Commissioner mentioned in the definitions?
The Commissioner is the Commissioner of Payments, an official appointed under Section 14 of the Act.
3. Where do I look if a business term is not explained in this section?
You must look in the Companies Act of 1956, as any undefined words in this Act carry the meanings assigned to them in that 1956 law.
Test yourself
Q1.Under Section 2 of The Jute Companies (Nationalisation) Act, 1980, how is a specified date determined for a particular provision?
Q2.Under Section 2 of The Jute Companies (Nationalisation) Act, 1980, if a legal dispute involves a term not defined in the Act itself, which existing law provides the backup definition?
Q3.Under Section 2 of The Jute Companies (Nationalisation) Act, 1980, which entity does the term Jute Manufactures Corporation strictly refer to?
Q4.Under Section 2 of The Jute Companies (Nationalisation) Act, 1980, the Commissioner is defined as the Commissioner of Payments appointed under Section 14. Based on Section 14, what is the primary duty of this Commissioner?