The National Company Limited (Acquisition and Transfer of Undertakings) Act, 1980
Central · 1980
- S. 1Short title and commencement.
- S. 2Definitions.
- S. 3Transfer to, and vesting in, the Central Government of the undertakings of the Company.
- S. 4General effect of vesting.
- S. 5Power of Central Government to direct vesting of the undertakings of the Company in an existing Government company.
- S. 6Transfer of undertakings of the Company from an existing Government company to a new Government company.
- S. 7Company to be liable for certain prior liabilities.
- S. 8Payment of amount.
- S. 9Payment of further amount.
- S. 10Management, etc., of the undertakings of the Company.
- S. 11Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc.
- S. 12Duty of persons to account for assets, etc., in their possession.
- S. 13Continuance of employees.
- S. 14Provident fund and other funds.
- S. 15Appointment of Commissioner of Payments.
- S. 16Payment by the Central Government to the Commissioner.
- S. 17Certain powers of the Central Government or Government company.
- S. 18Claims to be made to the Commissioner.
- S. 19Priority of claims.
- S. 20Examination of claims.
- S. 21Admission or rejection of claims.
- S. 22Disbursement of money by the Commissioner.
- S. 23Disbursement of amounts to the Company.
- S. 24Undisbursed or unclaimed amount to be deposited with the general revenue account.
- S. 25Act to have overriding effect.
- S. 26Assumption of liability.
- S. 27Management to continue to vest in the Custodian until alternative arrangements have been made.
- S. 28Contracts to cease to have effect unless ratified by the Central Government or the Government company.
- S. 29Penalties.
- S. 30Offences by companies.
- S. 31Protection of action taken in good faith.
- S. 32Delegation of powers.
- S. 33Power to make rules.
- S. 34Power to remove difficulties.
- S. 35Repeal and saving.