https://www.taxtmi.com/caselaws?id=97105 The Madras Electricity Supply Undertakings (Acquisition) Act, 1949 is analysed as a law whose dominant character is acquisition of electricity undertakings, so it falls within the electricity field and is not converted into a law on corporations merely because companies are affected. Presidential certification under Article 31(6) is stated to protect the law from challenge on the specified compensation and acquisition grounds, and Article 19(1)(f) is treated as inapplicable to a company. Provisions trenching upon internal corporate management, including compulsory winding up and appointment of an accredited representative, are identified as invalid, while section 15 is upheld only on a restricted construction limited to the acquired undertaking. en-us Fri, 27 Apr 1951 00:00:00 +0530 Sat, 14 Jan 2012 10:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97105 The Madras Electricity Supply Undertakings (Acquisition) Act, 1949 is analysed as a law whose dominant character is acquisition of electricity undertakings, so it falls within the electricity field and is not converted into a law on corporations merely because companies are affected. Presidential certification under Article 31(6) is stated to protect the law from challenge on the specified compensation and acquisition grounds, and Article 19(1)(f) is treated as inapplicable to a company. Provisions trenching upon internal corporate management, including compulsory winding up and appointment of an accredited representative, are identified as invalid, while section 15 is upheld only on a restricted construction limited to the acquired undertaking. Case-Laws Companies Law Fri, 27 Apr 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97105