cover image: Parliamentary Debates  Parliament of India  Wednesday  5th September  1951  Part II - Proceedings other than Questions and Answers  Official Report

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Parliamentary Debates Parliament of India Wednesday 5th September 1951 Part II - Proceedings other than Questions and Answers Official Report

1951

Shri S. N. Das (Bihar): I beg to move: "In page 2, after line 54, insert: "(f) to take such prompt steps as may be necessasy to set right the situation in the affairs of the railway company as necessitated the application of this Act, by the Central Government, to the railway company. " Clause 5 enjoins upon the directors- to take all necessary action for the purpose of efficient management of the [...] They have the right, with the consent of the Central Government to cancel a contract if it is in their opinion, detrimental to the interests of the company. [...] 10 A. M. In the original Bill the Minister wanted powers to be given to the Directors, in spite of the protest of the other party to the contract, to cancel it. [...] In view of the fact that third parties are concerned he is willing to allow the courts to have jurisdiction and not displace the jurisdiction of the courts by the opinion of the Central Government. [...] For the moment the question is whether it is open to the directors or not to cancel a con- tract if they are satisfied that it is detrimental to the interests of the com- pany.
government politics public policy
Pages
44
Published in
India
SARF Document ID
sarf.100013
Segment Pages Author Actions
Frontmatter
i-1985 unknown view
Railway Companies (Emergency Provisions) Bill
1985-2009 unknown view
Indian Companies (Amendment) Bill
2010-2025 unknown view
Backmatter
i-i unknown view