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