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
When was the New Consumer Protection Act implemented in India ?
Which one of these are consumer rights specified in the Consumer Protection Act, 1986?
When did Parliament passed the Consumer Protection Act?
Assertion (A): One of the trends to build a sustainable competitive advantage are innovations and innovations management.
Reasoning (R): Human Resource Management has to be able to connect innovations with the traditional change management to design a true powerful weapon against competitors in the market.
Code:
Which of the following legislative acts led to the establishment of Fast Track Special Courts (FTSCs) in India?
