Amendment status not verified — confirm the current text below against the official source.
On the vesting of the management of the textile undertaking in the Corporation, persons in charge of the management of such textile undertaking immediately assets, before such vesting, shall be bound to deliver to the Corporation all assets, books of account, registers and other documents in their custody relating to the textile under taking. 10.The Corporation shall maintain the accounts of the textile undertaking in accordance with the provisions of the Companies Act, 1956, CHAPTER IV PROVISION RELATING TO EMPLOYEES OF THE TEXTILE MILLS