SICK INDUSTRIAL COMPANIES SPECIAL PROVISIONS ACT, 1985

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S.1 Short title, extent, commencement and application

S.2 Declaration

S.3 Definitions

S.4 Establishment of Board

S.5 Constitution of Appellate Authority

S.6 Term of office, conditions of service, etc., of Chairman and other Members

S.7 Removal of Members from office in certain circumstances

S.8 Secretary, officers and other employees of Board or Appellate Authority

S.9 Salaries, etc., be defrayed out of the Consolidated Fund of India

S.10 Vacancies, etc., not to invalidate proceedings of Board and Appellate Authority

S.11 Members and staff of Board and Appellate Authority to be public servants

S.12 Constitution of Benches of Board or Appellate Authority

S.13 Procedure of Board and Appellate Authority

S.14 Proceedings before Board or Appellate Authority to be judicial proceedings

S.15 Reference to Board

S.16 Inquiry into working of sick industrial companies

S.17 Powers of Board to make suitable order on the completion of inquiry

S.18 Preparation and sanction of Schemes

S.19(a) Arrangement for continuing operations, etc., during inquiry

S.19 Rehabilitation by giving financial assistance

S.20 Winding up of sick industrial company

S.21 Operating agency to prepare complete inventory, etc

S.22(a) Direction not to dispose of assets

S.22 Suspension of legal proceedings, contracts, etc

S.23(b) Power of Board to call for periodic information

S.23(a) Proceedings on report, etc., of loss of fifty per cent. net worth

S.23 Loss of fifty per cent. net worth by industrial companies

S.24 Misfeasance proceedings

S.25 Appeal

S.26 Bar of jurisdiction

S.27 Delegation of powers

S.28 Returns and information

S.29 Power to seek the assistance of Chief Metropolitan Magistrate and District Magistrate

S.30 Protection of action taken in good faith

S.31 Saving of pending proceedings

S.32 Effect of the Act on other laws

S.33 Penalty for certain offences

S.34 Offences by companies

S.35 Power to remove difficulties

S.36 Power to make rules

Sch DECLARATION OF FIDELITY AND SECRECY

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