The Coal India (Regulation of Transfers and Validation) Act, 2000
The Coal India (Regulation of Transfers and Validation) Act, 2000 regulates the transfers of shares of Coal India Limited and validates certain transfers made in contravention of the Coal Bearing Areas (Acquisition and Development) Act, 1957.
Summary
The Coal India (Regulation of Transfers and Validation) Act, 2000 was enacted to regulate the transfers of shares of Coal India Limited and to validate certain transfers made in contravention of the Coal Bearing Areas (Acquisition and Development) Act, 1957. The Act provides for the establishment of a Coal Mines Provident Fund Organisation and a Coal Mines Pension Scheme to provide for the welfare of the employees of Coal India Limited. It also empowers the central government to appoint a competent authority for the purpose of regulating the transfers of shares of Coal India Limited. The Act prohibits any transfer of shares of Coal India Limited except in accordance with the provisions of the Act, and also provides for penalties for contravention of its provisions.
Table of Contents
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Power Of Central Government To Direct Transfer Of Land, Rights, Title Or Interest | Open |
| 4 | Section 4: Validation Of Certain Transfers | Open |