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The Smith, Stanistreet and Company Limited (Acquisition and Transfer of Undertakings) Act,1977

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The Smith, Stanistreet and Company Limited (Acquisition and Transfer of Undertakings) Act,1977

 

CONTENTS

 

Sections

Particulars

 
  Preamble
 
1 Short title and commencement
2 Definitions
3 Transfer to and vesting in Central Government of the undertakings of the Company
4 General effect of vesting
5 Central Government or Government company not to be liable for prior liabilities
6 Power of Central Government to direct vesting of the undertakings of the Company in a Government company
7 Payment of amount
8 Payment of further amount
9 Management, etc., of the undertakings of the Company
10 Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc
11 Accounts and audit
12 Employment of employees to continue
13 Provident and other funds
14 Appointment of Commissioner of Payments
15 Payment by the Central Government to the Commissioner
16 Certain powers of the Central Government or Government company
17 Claims to be made to the Commissioner
18 Priority of claims
19 Examination of claims
20 Admission or rejection of claims
21 Disbursement of money by Commissioner to claimants
22 Disbursement of amounts to the Company
23 Undisbursed or unclaimed amount to be deposited with the general revenue account
24 Assumption of liability
25 Act to have overriding effect
26 Contracts to cease to have effect unless ratified by the Central Government or Government company
27 Penalties
28 Offences by companies
29 Protection of action taken in good faith
30 Delegation of powers
31 Power to make rules
32 Power to remove difficulties
33 Declaration as to policy of the State
34 Repeal and saving
 
Schedule  
  Schedule

 

Indian Laws – Bare Acts

 

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