{ "act_title": "The Companies (Foreign Interests) Act, 1918", "act_no": "XX", "act_year": "1918", "publication_date": "19/07/2025", "sections": [ { "section_content": "1.\tThis Act may be called theCompanies (Foreign Interests) Act, 1918." }, { "section_content": "2.(1) In this Act-(a) \tthe expression \"Commonwealth citizen\" has the same meaning as in section 1 of the British Nationality Act, 1948, but shall include any association incorporated in any part of the Commonwealth, including2[Bangladesh];(b) \tthe expression \"restrictive provision\" means any provision in the articles of association of a company which, in the opinion of the Government, is designed to restrict or limit or has the effect or restricting or limiting the share or shares or interest which may be held, or the rights, powers or authority which may be conferred upon or exercisedby or on behalf of persons other than Commonwealth citizens in the company, or in respect of the control, management or direction of the affairs thereof.(2) \tAll words and expressions used in this Act and defined in the Companies Act, 1913, shall be deemed to have the meanings respectively attributed to them by that Act." }, { "section_content": "3.\tThis Act shall apply to such companies as the Government may, by notification in the official Gazette, declare to be companies with restrictive provisions, and any such notification shall specify the restrictive provisions." }, { "section_content": "4. \tSo long as a notification issued under section 3 is in force in respect of any company, notwithstanding anything to the contrary in any other Act-(1) \tno alteration of the articles of association of the company affecting either directly or indirectly any restrictive provision shall be of any effect until it has received the consent in writing of the Government;(2) \ta resolution for the voluntary winding up of the company shall be of no effect unless the Government authorities or ratifies it by a written consent;(3) \tany Court which has jurisdiction to wind up the company may in its discretion refuse to make a winding up order. In the exercise of its discretion, the Court shall be guided by the consideration whether the winding up is bona fide with a view to the discontinuance of the undertaking or is with a view to continuing the undertaking freed either wholly or in part from any restrictive provision;(4) \tthe Government in giving consent, or the Court in making a winding up order, as the case may be, may impose such terms or conditions for giving effect to the purposes of this Act as it thinks fit." } ], "footnotes": [ { "footnote_text": "1Throughout this Act, except otherwise provided, the word \"Government\" was substituted, for the words \"Central Government\" by section 3 and 2nd Schedule of theBangladesh Laws (Revision And Declaration) Act, 1973(Act No. VIII of 1973)" }, { "footnote_text": "2The word \"Bangladesh\" was substituted, for the word \"Pakistan\" by section 3 and 2nd Schedule of theBangladesh Laws (Revision And Declaration) Act, 1973(Act No. VIII of 1973)" } ], "copyright_info": { "copyright_text": "Copyright©2019, Legislative and Parliamentary Affairs DivisionMinistry of Law, Justice and Parliamentary Affairs" }, "source_url": "http://bdlaws.minlaw.gov.bd/act-print-110.html", "fetch_timestamp": "2025-07-19 02:07:48", "csv_metadata": { "act_title_from_csv": "The Companies (Foreign Interests) Act, 1918", "act_no_from_csv": "XX", "act_year_from_csv": "1918", "is_repealed": false }, "token_count": 611, "language": "english", "government_context": { "govt_system": "British Colonial Rule", "position_head_govt": "Governor of Bengal", "head_govt_name": "Earl of Ronaldshay (Lawrence Dundas)", "head_govt_designation": "Governor of Bengal Province", "how_got_power": "British Crown appointment", "period_years": "1917-1922", "years_in_power": 5 }, "processing_info": { "processed_timestamp": "2025-07-19 19:33:19", "enhanced_with_reducer": true, "enhanced_with_govt_context": true, "language_detected": "english", "token_count": 468, "legal_context_added": true, "legal_context_timestamp": "2025-07-19 20:26:24", "year_standardized": true, "year_standardization_timestamp": "2025-07-19 20:35:49", "token_count_updated": true, "token_count_update_timestamp": "2025-07-19 20:56:00", "previous_token_count": 468, "accurate_token_count": 611 }, "legal_system_context": { "period_info": { "period_name": "British Crown Rule", "year_range": "1858-1947", "act_year": 1918 }, "legal_framework": { "primary_laws": [ "Government of India Act 1858", "Indian Penal Code 1860", "Code of Civil Procedure 1908", "Evidence Act 1872" ], "court_system": [ "High Courts (1861)", "District Courts", "Magistrate Courts" ], "legal_basis": "Codified British-Indian legal system", "enforcement_mechanism": "Imperial Police Service and civil courts" }, "government_system": { "type": "Crown Colony Administration", "structure": "Viceroy and provincial governors", "revenue_collection": "Imperial taxation system", "administrative_units": [ "Provinces", "Districts", "Sub-districts" ] }, "policing_system": { "law_enforcement": "Police Act 1861 - structured police force", "military_police": "Imperial Police Service", "jurisdiction": "Provincial police under colonial control" }, "land_relations": { "tenure_system": "Zamindari, Ryotwari, and Mahalwari systems", "property_rights": "Colonial property law framework", "revenue_system": "Land revenue administration", "peasant_status": "Various tenant classes with limited rights" }, "key_characteristics": [ "Codification of laws (Penal Code, CPC, Evidence Act)", "Structured civil service system", "Constitutional developments (1909, 1919, 1935 Acts)", "Bengal Tenancy Act 1885 and amendments", "Emergency powers and martial law provisions" ], "context_added_timestamp": "2025-07-19 20:26:24" } }