Bare ActsCashew Factories (Acquisition) Act, 1974

Section 3B

Acquisition of Cashew Factories, which are in the possession of the Kerala State Cashew Development Corporation (KSCDC) either under a lease existing or expired or under requisition current or expired

Amendment status not verified — confirm the current text below against the official source.

Notwithstanding anything contained in Section 3 or in any judgment, decree or order of any Court, tribunal or other authority and notwithstanding anything contained in any other law, agreement or other instrument for the time being in force, if the Government are of opinion that the cashew factories specified in Schedule II of this Act now in the possession of Kerala State Cashew Development Corporation either under a lease existing or expired or under requisition current or expired, if returned to their respective owners, they may not provide employment to the entire/any of the employees/workers and such employees/workers may be rendered unemployed and in order to continue to provide employment to such employees/workers the Government, may in public interest by order published in the Gazette, declare that those factories shall stand transferred to, and vest in, the Government.] Inserted by Act 14 of 2010 in K. G. Ext. No. 2026 dt. 03/09/2010.

Section 3B – Cashew Factories (Acquisition) Act, 1974 | DailyLaw.ai