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Coal Mines (Nationalisation) Act, 1973
Section
Section Title
INTRODUCTION
1
Short title and commencement
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1A
1 Declaration as to expediency of Union control
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2
Definitions
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3
Acquisition of rights of owners in respect of coal mines
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4
Central Government to be the lessee of the State Government
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5
Power of Central Government to direct vesting of rights in a Government company
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6
Properties vested in the Central Government to be freed from mortgages, etc
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7
Central Government or Government company not to be liable for prior liabilites
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8
Payment of amount to owners of coal mines
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9
Payment of further amount
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10
Income derived by the owners of coal mines after the appointed day to be refunded to the Central Government
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11
Management, etc., of coal mines
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12
Duty of persons in charge of management of coal mines to deliver all assets, etc
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13
Accounts and audit
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14
1 Liability of officer or other employee of a coal mine for transfer to any other coal mine
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15
Provident and other funds
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16
Superannuation fund, etc., to be distributed to employees whose employment becomes terminated under this Act
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17
Commissioner of Payments to be appointed
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18
Payment by the Central Government to the Commissioner
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19
Statement of accounts in respect of the period of management by the Central Government, etc
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19A
1 Validation of certain collections
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20
Claims to be made to the commissioner
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21
Priority of claims in relation to arrears of provident fund,etc
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22
Priority in relation to other claims
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23
Admission or rejection of claims
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23A
1 Application of sections 5 and 12 of the Limitation Act
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24
Disbursement of money by the Commissioner to claimants
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24A
1 Interest on admitted claims
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25
1 Recovery of excess payments made by Central Government or Custodian
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25A
1 Notice to owners of coal mines and managing contractors, etc
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26
Disbursement of amounts to the owners of coal mines
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27
Undisbursed of unclaimed amounts to be deposited to the general revenue account
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28
Effect of this Act on other laws
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29
Contracts to cease to have effect unless ratified by Government
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30
Penalties
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31
Offences by companies
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32
Mining companies not to be wound up by the court
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33
Delegation of powers
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34
Make Rules
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35
Power to remove difficulties
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