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Section 2 – The Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act,1986

The Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act,1986

Section 2. Definitions

In this Act, unless the context otherwise requires,-

(a) “Appointed day” means the 1st day of April,1985.

(b) “Commissioner” means the Commissioner of Payments appointed under section 15;

(c) “Company” means the Swadeshi Cotton Mills Company Limited, Kanpur, a company within the meaning of the Companies Act,1956 (1 of 1956), and having its registered office at Swadeshi House, Civil Lines, Kanpur, in the State of Uttar Pradesh;

(d) “Date of taking over” means the date on which the management of the textile undertakings of the Company was taken over by the Central Government by virtue of the order of the Government of India in the late Ministry of Industrial Development No.S.O.265(E) dated the 13th April 1978, made under clause (a) of sub-section (1) of section 18AA of the Industries (Development and Regulation) Act,1951(65 of 1951);

(e) “National Textile Corporation” means the National Textile Corporation Limited, a company formed and registered under the Companies Act,1956 (1 of 1956);

(f) “Notification” means a notification published in the Official Gazette;

(g) “Ordinance” means the Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Ordinance,1986 (5 of 1986);

(h) “Prescribed” means prescribed by rules made under this Act;

(i) “Specified date”, in relation to any provision of this Act, means such date as the Central Government may, by notification in the Official Gazette and in the newspapers circulating in the locality in which the registered office of the Company is situated, specify for the purposes of that provision and different dates may be specified for different provisions of this Act;

(j) “Subsidiary Textile Corporation” means a textile corporation formed by the National Textile Corporation as its subsidiary;

(k) “Textile undertakings” means the six textile undertakings of the company specified below:-

(i) The Swadeshi Cotton Mills, Kanpur;

(ii) The Swadeshi Cotton Mills, Pondicherry;

(iii) The Swadeshi Cotton Mills, Naini;

(iv) The Swadeshi Cotton Mills, Maunath Bhanjan;

(v) The Udaipur Cotton Mills, Udaipur;

(vi) The Rae Bareli Textile, Mills, Rae Bareli;

(l) Words and expressions used herein and not defined but defined in the Companies Act,1956 (1 of 1956), shall have the meanings respectively assigned to them in that Act.

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The Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act,1986

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