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The Railway Companies (Emergency Provisions) Act,1951

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The Railway Companies (Emergency Provisions) Act,1951

CONTENTS

Sections

Particulars

Preamble
1 Short title, extent and application
2 Definitions
3 Power of Central Government to apply Act to any railway company and to appoint directors thereof
4 Effect of notified order appointing directors or managing agents
5 Powers and duties of directors
6 Statement of affairs to be made to directors
7 Statements by beneficial owners of shares railway company
8 Power of directors to institute proceedings against past directors etc., for damages
9 Penalties
10 Filling up of vacancies among directors
11 No right to compensation for termination of contract of managing agent or any other contract
12 Cancellation of appointment of directors
13 Application of the companies Act
14 Effect of Act on other laws
15 Directors to be public servants
16 Delegation of powers
17 Protection of action taken under Act
18 Power of Central Government to acquire railway of railway company
19 Power to make rules
20 Repeal of Ordinance II of 1951

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