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Section 5

Asian Refractories Limited (Acquisition of Undertaking) Ordinance, 1971Ordinance · 1971

(1) Notwithstanding any decree, judgment or order of any court or anything contained in any ;-ther law for the time being in force, the Official Liquidator of the company or any other person, in whose possession or custody or under whose control the undertaking of the company or any part thereof may be, shall deliver possession of the undertaking of the company or such part thereof, as the case may be, to the Central Government forthwith.

(2) The Official Liquidator or any other person who has, on the appointed day, in his possession or under his control any books, documents or other papers relating to the company, and which belongs to the company, shall be liable to account for the said books, documents or other papers to the Central Government and shall deliver them up to the Central Government or to such person as the Central Government mav specify in this behalf.

(3) The Central Government may take all necessary steps for securing possession of the undertaking which has vested in it under section 3.

6. The company shall, within such period as the Central Government may allow in this behalf, furnish to that Government a complete inventory of all the properties and essets of the company, 8s on the appointed day. pertain1'̂ t* to the undertaking which hag vested in the Central Government under section 3.

Where this provision sits

ActAsian Refractories Limited (Acquisition of Undertaking) Ordinance, 1971
Section5
StatusIn force as published by the source

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