The Great Eastern Hotel ( Acquisition Of Undertaking ) Act, 1980
west-bengal · 1980
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1This Act may be called the Great Eastern Hotel (Acquisition of Short title
- S. 2In this Act, unless the context otherwise requires,— Definitions
- S. 3Section 3 transfers the company's undertaking to the State Government and mandates its transfer to the Hotel Authority for management.
- S. 4Section 4 releases the company's undertaking from all incumbrances and terminates existing contracts upon vesting in the State Government.
- S. 5Section 5 establishes the Great Eastern Hotel Authority as a body corporate with powers to manage and dispose of property for the Act's purposes.
- S. 6Section 6 establishes the composition and appointment of the Hotel Authority by the State Government for managing the Great Eastern Hotel.
- S. 7Section 7 outlines the meeting rules and procedures for the Hotel Authority under the Act.
- S. 8Section authorizes the Hotel Authority to borrow funds and prohibits property disposal without State Government approval.
- S. 9Section establishes a fund for the Hotel Authority to receive loans, borrowed monies, rents, and other sums from the State Government.
- S. 10Section 10 authorizes the Hotel Authority to create posts and staff, subject to government approval for high-salary posts and capital projects.
- S. 11Section 11 assigns the Hotel Authority to oversee and manage the company's operations and develop plans with state approval.
- S. 12Section 12 mandates the State Government to deposit compensation in court and directs creditors to file claims within 30 days.
- S. 13Section 13 penalizes wrongful withholding, obtaining, or destroying company property and failure to provide documents, with imprisonment and fines.
- S. 14Section 14 holds company officers liable for company offenses, but not if they prove lack of knowledge or due diligence.
- S. 15Section 15 protects the State Government and its officials from legal actions for actions taken in good faith under the Act.
- S. 16Section 16 ensures employees retain their rights and terms of employment with the Hotel Authority after the company's acquisition.
- S. 17Section 17 overrides any conflicting laws or judgments for the Act's provisions.
- S. 18Section 18 allows the State Government to delegate its powers under the Act to specified persons, who must act under its supervision.
- S. 19(1) The State Government may by notification make rules for carrying out the purposes of this Act
- S. 20The section allows the State Government to resolve difficulties in implementing the Act, but only within two years of its commencement.