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Air Corporations Act, 1953

Air Corporations Act, 1953

 

CONTENTS

Sections

Particulars

      
1 Short Title, Extent and Commencement
2 Definitions.
3 Incorporation of the Corporations.
4 Constitution of the Corporations.
5 Conditions of service of [directors].
6 Vacancy in Corporation not to invalidate proceedings.
7 Functions of the Corporations.
8 Appointment of officers and other employees of the Corporations.
9 Corporations to act on business principles.
10 Capital of the Corporations.
11 Vesting of properties in the Corporations.
12 Funds of the Corporations.
13 Powers of the Corporations in regard to expenditure.
14 Corporation to assume obligations of Central Government in respect of certain matters.
15 Accounts and audit.
15A Audit of accounts of companies formed by Corporations.
16 Undertakings of existing air companies to vest in the Corporation.
17 General effect of vesting of undertakings in the Corporations.
18 Reservation of scheduled air transport services to the Corporations.
19 Licences to cease to be valid.
20 Provisions respecting officers and employees of existing air companies.
21 Duty to deliver up possession of property acquired and documents relating thereto.
22 Duty of existing air companies to supply particulars.
23 Right of Corporations to disclaim certain agreements.
24 Transactions resulting in dissipation of assets.
25 Compensation to be given for compulsory acquisition of undertaking.
26 Constitution of special Tribunal to determine compensation.
27 Mode of giving compensation.
28 Winding up of existing company whose undertaking has been acquired.
29 Authorisation under section 28 may contain certain directions.
30 Constitution of Air Transport Council.
31 Functions of the Air Transport Council.
32 Staff of the Council.
33 Proceedings of the Council.
34 Power of Central Government to give directions.
35 Prior approval of Central Government necessary in certain cases.
36 Submission of programme of work for each year.
37 Submission of Annual Reports to Parliament.
38 Corporations to act in mutual consultation.
39 Transfer of scheduled air transport services or assets from one Corporation to the other.
40 Corporations may delegate their powers.
41 Advisory and Labour Relations Committees.
42 Meetings of the Corporation.
43 Penalty for wrongful withholding of property.
44 Power to make rules
45 Power of Corporations to make regulations.
Schedule Principles for Determining Compensation Under this Act

 

Indian Laws – Bare Acts

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