The COMMONWEALTH TRUST, KOZHIKODE (ACQUISTION AND TRANSFER OF UNDERTAKING) ACT, 2012
kerala · 2018
- S. 2Definitions
- S. 3Acquisition of rights of owner in respect of the undertaking
- S. 4General effect of vesting
- S. 5Owner to be liable for certain prior liabilities
- S. 6State Industrial Development Corporation to form subsidiary corporations
- S. 7Shares to be issued by the State Industrial Development Corporation for the value of the assets transferred to it by Gov
- S. 8Payment of amount to owner of the undertaking
- S. 9Payment of further amount
- S. 10Payment of compensation to owners of properties sold and vested in Government
- S. 11Management, etc
- S. 12Duty of persons in charge of management of the undertaking to deliver all assets, etc
- S. 13Accounts
- S. 14Employment of certain employees to continue
- S. 15Provident and other funds
- S. 16Transfer of employees to Subsidiary Corporation
- S. 17Appointment of Commissioner of Payments
- S. 18Payment by the Government to the Commissioner
- S. 19Claims to be made to the Commissioner
- S. 20Priority of claims
- S. 22Admission or rejection of the claims
- S. 23Disbursement of money by the Commissioner to claimants
- S. 24Disbursement of amounts to the owner of the undertaking
- S. 25Undisbursed or unclaimed amounts to be deposited to the general revenue account
- S. 26Assumption of liability
- S. 27Act to over-ride all other enactments
- S. 28Contracts to cease to have effect unless ratified by the State Industrial Development Corporation
- S. 29Penalties
- S. 30Offences by companies
- S. 31Protection of action taken in good faith
- S. 32Delegation of powers
- S. 33Power to remove difficulties
- S. 34Declaration as to the policy of the State
- S. 35Power to make rules