The Jute Companies (Nationalisation) Act, 1980
Central · 1980
- S. 1Short title.
- S. 2Definitions.
- S. 3Transfer to, and vesting in, the Central Government of the undertakings of the jute companies.
- S. 4General Power of vesting.
- S. 5Jute companies to be liable for certain prior liabilities.
- S. 6Power of Central Government to direct vesting of the undertakings of the jute companies in Jute Manufactures Corporation.
- S. 7Payment of amount.
- S. 8Payment of further amount.
- S. 9Management, etc., of the undertakings of the jute companies.
- S. 10Duty of persons in charge of management of the undertakings to deliver all assets, etc.
- S. 11Duty of persons to account for assets, etc., in their possession.
- S. 12Continuance of employees.
- S. 13Provident fund and other funds.
- S. 14Appointment of Commissioner of Payments.
- S. 15Payment by Central Government to the Commissioner.
- S. 16Certain powers of Central Government or Jute Manufactures Corporation.
- S. 17Claims to be made to the Commissioner.
- S. 18Priority of Claims.
- S. 19Examination of claims.
- S. 20Admission or rejection of claims.
- S. 21Disbursement of money by the Commissioner.
- S. 22Disbursement of amounts to the jute companies.
- S. 23Undisbursed or unclaimed amounts to be deposited with the general revenue account.
- S. 24Act to have overriding effect.
- S. 25Assumption of liability.
- S. 26Management to continue to vest in certain persons until alternative arrangements have been made.
- S. 27Contracts to cease to have effect unless ratified by the Central Government or Jute Manufactures Corporation.
- S. 28Penalties.
- S. 29Offences by companies.
- S. 30Protection of action taken in good faith.
- S. 31Delegation of powers.
- S. 32Power to make rules.
- S. 33Power to remove difficulties.