Sections | Sick Industrial Companies (Special Provisions) Act, 1985 |
| Preamble |
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| CHAPTER I: PRELIMINARY |
1. | Short title, extent, commencement and application |
2. | Declaration |
3. | Definitions |
4. | Establishment of Board |
5. | Constitution of appellate authority |
6. | Term of office, conditions of service, etc. of Chairman and other members |
7. | Removal of members from office in certain circumstances |
8. | Secretary, officers and other employees of Board or appellate authority |
9. | Salaries, etc. be defrayed out of the Consolidated Fund of India |
10. | Vacancies, etc. not to invalidate proceedings of Board and appellate authority |
11. | Members and staff of Board and appellate authority to be public servants |
12. | Constitution of Benches of Board or appellate authority |
13. | Procedure of Board and appellate authority |
14. | Proceedings before Board or appellate authority to be judicial proceedings |
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| CHAPTER III : REFERENCES, INQUIRIES AND SCHEMES |
15. | Reference to Board |
16. | Inquiry into working of sick industrial companies |
17. | Powers of Board to make suitable order on the completion of inquiry |
18. | Preparation and sanction of schemes |
19. | Rehabilitation by giving financial assistance |
19A. | Arrangement for continuing operations, etc. during inquiry |
20. | Winding up of sick industrial company |
21. | Operating agency to prepare complete inventory, etc. |
22. | Suspension of legal proceedings, contracts, etc. |
22A. | Direction not to dispose of assets |
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| CHAPTER IV: PROCEEDINGS IN CASE OF POTENTIALLY SICK INDUSTRIAL COMPANIES, MISFEASANCE PROCEEDINGS, APPEALS AND MISCELLANEOUS |
23. | Loss of fifty per cent net worth by industrial companies |
23A. | Proceedings on report, etc. of loss of fifty per cent net worth |
23B. | Power of Board to call for periodic information |
24. | Misfeasance proceedings |
25. | Appeal |
26. | Bar of jurisdiction |
27. | Delegation of powers |
28. | Returns and information |
29. | Power to seek the assistance of Chief Metropolitan Magistrate and District Magistrate |
30. | Protection of action taken in good faith |
31. | Saving of pending proceedings |
32. | Effect of the Act on other laws |
33. | Penalty for certain offences |
34. | Offences by companies |
35. | Power to remove difficulties |
36. | Power to make rules |
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| THE SCHEDULE : DECLARATION OF FIDELITY AND SECRECY |