Amendment status not verified — confirm the current text below against the official source.
Repeal and s~vmg. ' ' • .. • 34/32~8/MC • ' . 10 , THE SUPE:R. CLAYS AND MINERALS 1 MINING fCOMPANY (PRIVATE) LIMITED (ACQUISiTION OF UNDERTAKINGS) ACT, 1983* ' (Act 3 of 19M) . An Act to ·promde for the acquisztion and tran.ifer of the undertakings of the Super Clqys and Mtnerais Mrniizg Company ( Pnvate) Limrted wath a v&ew to securang the proper • ma11agcrizeni of such undertakings so as to subserve the rnterests of the general publ1c ~)' ensurmg the contmued production and d1stnbut10n of chma clay whtch rs essentral to the needs of the economy of the State and for matters conmxted therewtth or mcuiental thereto. ' Preamble.-WHEREAS the Super Clays, and Mmerals Mining Com- pany (Private) Limitt"d has at present the ownership of,' and control over, a sigmficant portion of the· china clay produced in the State and marketed and distributed in India, ·AND ;wHEREAS the production of china clay by the Company had stopped from the year 1975 resultmg in fall in production of the china cl;1y which is essential to the needs of the economy of the State ; · . AND WHEREAS the Company was not m a position to pay wages to its work< rs in consequence of which it declared a lay-off With effect from the 13th January, 1975, resultmg in the unemployment of about six hundred workers directly employed in the undertakmgs of the Company ; • • AND WHEREAS the Government of Kerala with the consent of the share holdus of the Company, .took over the management of the Coll}pany and declared the Company as'a rehcf undertaking under the provisions of. the Kerala Relief Undertakings (Special Provisions) Act, 1961 (6 of 1962), with effect from the 2nd March, 1976, and entrusted the management of the Company to the Kerala State Industrial Enterprises Limited wh;ich lS a Government Company; ' AND WHEREAS 1t 1s expedient in the pubhc interest to acquire the undertakmgs of the said Company to ensure that the interests of 'the' general pubhc are served by the' continuance, by the undertakings of the Company, of the production and distribution of china clay which is essential to the needs of the economy of the State; - ' f,.· "' Received the assent of the pre~ident on the 5th day of January, \ 1984, Md published in the Kerala Gazette E~traordi.1ary No. 28 .(~ dated 7th January, 19,84. 11 BE it enacted in the Thirty-fourth Year oi the Republic of lnd1a as follows:- CHAPTER I PRELIMINARY I . Short tztle and commencement -( l) Clays and Mmerals M-irung Company U ndertakmgs) Act, 1983. Th1s Act may be called the Super (Pnvate) Limited (Acquisition of (2) It shaH be deemed to have come mto force on the 5th day of November, 1983.