The Kerala Sick Textile Undertakings(Acquisition and Transfer of Undertakings) Act, 1985(27 of 1985)
kerala · 1985
- S. 1—
- S. 2Definitions
- S. 3Acquisition of the rights of owners in respect of sick textile undertakings
- S. 4General effect of vesting
- S. 5Owner to the liable for certain prior liabilities
- S. 7Shares to be issued by the State Textile Corporation for the value of the assets transferred to it by State Government
- S. 8Payment of amount to owners of sick textile undertakings
- S. 9Payment of further amount
- S. 10Management, etc
- S. 11Duty of persons in charge of management of sick textile undertakings to deliver all assets, etc
- S. 12Accounts
- S. 13Employment of certain employees to continue
- S. 14Provident and other funds
- S. 16Appointment of Commissioners of Payments
- S. 17Payment by State Government to the Commissioner
- S. 18Claims to be made to the Commissioner
- S. 19Priority of claims
- S. 20Examination of claims
- S. 21Admission or rejection of claims
- S. 23Disbursement of amounts to the owners of sick textile undertaking
- S. 24Undisbursed or unclaimed amounts to be deposited to the general revenue account
- S. 25Assumption of liability
- S. 26Act to over-ride all other enactments
- S. 27Contracts to cease to have effect unless ratified by State Textile Corporation
- S. 28Penalties
- S. 29Offence by companies
- S. 30Protection of action taken in a good faith
- S. 31Delegation of powers
- S. 32Power to remove difficulties
- S. 33Declaration as to the policy of the State
- S. 34Power to make rules
- S. 35Repeal and Saving