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Section 16 -Air Corporations Act, 1953

Air Corporations Act, 1953

 

 

16. Undertakings of existing air companies to vest in the Corporation.—

 

On such date as the Central Government may, by notification in the Official Gazette, appoint (hereinafter referred to as “the appointed date”), there shall be transferred to and vest in—

 

(a) Indian Airlines, the undertakings of all the existing air companies (other than Air India International Ltd.), and

 

(b) Air India International, the undertaking of the Air India International Ltd.

 

 

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Air Corporations Act, 1953

 

Indian Laws – Bare Acts

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