Industrial Companies (Special Provisions) Act, 1985 does not apply to Government companies. In view of this, industrial companies in the public sector which are sick ... industrial companies in the public sector so that the cases of such sick industrial companies can be referred to the Board for Industrial and Financial
sick industrial company, made under a scheme prepared and sanctioned under section 18 of the Sick Industrial Companies (Special Provisions) Act ... which the said company has become a sick industrial company under sub-section (1) of section 17 of that Act and ending with the previous
Board .-(1) Where an industrial company has become a sick industrial company, the Board of Directors of the company shall, within sixty days from ... accounts of the company for the financial year as at the end of which the company has become a sick industrial company, make a reference
sick industrial company;] (b) the proper management of the sick industrial company by change in, or take over of, management of the sick industrial company ... sick industrial company; (g) the allotment to the shareholders of the sick industrial company of shares in the sick industrial company or, as the case
Regulation) Act, 1951 (65 of 1951); (o) [ "sick industrial company" means an industrial company (being a company registered for not less than five years) which ... declared that an industrial company existing immediately before the ] [commencement] [ 1st February, 1994.] [of the Sick Industrial Companies (Special Provisions) Amendment Act, 1993, registered
Section 16 in The Sick Industrial Companies (Special Provisions) Act, 1985
16. Inquiry into working of sick industrial companies .-(1) The Board may make such ... determining whether any industrial company has become a sick industrial company-
(a) upon receipt of a reference with respect to such company under section
Section 17 in The Sick Industrial Companies (Special Provisions) Act, 1985
17. Powers of Board to make suitable order on the completion of inquiry ... under section 16, the Board is satisfied that a company has become a sick industrial company, the Board shall, after considering all the relevant facts
Section 4 in The Sick Industrial Companies (Special Provisions) Act, 1985
4. Establishment of Board .-(1) With effect from such date as the Central Government
sick industrial company and may proceed and cause to proceed with the winding up of the sick industrial company in accordance with the provisions ... sick industrial company and the officer so appointed shall for the purposes of the winding up of the sick industrial company be deemed
Section 25 in The Sick Industrial Companies (Special Provisions) Act, 1985
25. Appeal .-(1) Any person aggrieved by an order of the Board made under
