Sick Industrial Companies Act Coverage for Public Sector Companies
The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) was enacted to address the issue of sick industrial companies.
Initially, the Act applied only to the private sector. However, amendments were made to extend its scope.
Public sector companies were brought under the purview of the Sick Industrial Companies (Special Provisions) Act, 1985, effective from December, 1991.
This extension aimed to provide a mechanism for timely detection and rehabilitation or closure of sick public sector undertakings.
Important Questions from Legal Environment
The Consumer Protection Bill, 2018 has replaced the Consumer Protection Act in which of the given years?
The National Consumer Disputes Redressal Commission (NCDRC) operates under which Act?
Which of the following legislative acts led to the establishment of Fast Track Special Courts (FTSCs) in India?
According to Section 22C(1) of the Legal Services Authorities Act, 1987, Permanent Lok Adalats DO NOT have jurisdiction over disputes related to:
Which one of the following is not correct according to the Consumer Protection Act?
1. District Forum shall consist of a lady social worker
2. State Commission shall consist of a person who is or has been a Judge of a High Court
3. District Forum shall consist of four members
4. National Consumer Disputes Redressal Commission shall consist of a person who is or has been a Judge of the Supreme Court
