The Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act, 1980
Central Act · Act 67 of 198031 provisions
The enactment
| Long title | An Act to provide for the acquisition and transfer of the undertakings of the Bird and Company Limited for the purpose of ensuring the continuity of production of goods which are vital to the needs of the country and for the acquisition of shares held by the Bird and Company Limited in the specified companies for the purpose of securing to those undertakings the facilities and advantages derived by reason of such shareholding with respect to the operation and functioning of those undertakings and also to enable the Central Government to exercise such control over the affairs of the specified… |
|---|---|
| Type | Act |
| Citation | Act 67 of 1980 |
| Year | 1980 |
| Jurisdiction | Central |
| Ministry | Ministry of Steel |
| Status | In force as published by the source |
| Provisions published | 31 |
| Subjects | corporate, property |
Full text, provision by provision
Every provision below opens in full, free and without an account.
- Section 1 Short title and commencement.
- Section 2 Definitions.
- Section 3 Transfer to, and vesting in, the Central Government of the undertakings of the Company.
- Section 4 Transfer and vesting of shares held by the Company in the specified companies.
- Section 5 General effect of vesting.
- Section 6 Central Government or the Government company not to liable for certain prior liabilities.
- Section 7 Power of Central Government to direct vesting of the undertakings of the Company in a Government c ompany.
- Section 8 Payment of amounts to the Company and specified companies.
- Section 9 Management, etc., of the undertakings of the Company.
- Section 10 Duty of persons in charge of management of undertakings of the Company to deliver all assets, etc .
- Section 11 Continuance of employees .
- Section 12 Provident fund and other funds.
- Section 13 Appointment of Commissioner of Payments.
- Section 14 Payment by Central Government to the Commissioner.
- Section 15 Certain powers of Central Government or Government company.
- Section 16 Claims to be made to the Commissioner.
- Section 17 Priority of claims.
- Section 18 Examination of claims.
- Section 19 Admission or rejection of claims.
- Section 20 Disbursement of money by Commissioner to claimants.
- Section 21 Disbursement of amounts to the Company and possession of certain machinery, equipment, etc.
- Section 22 Undisbursed or unclaimed amount to be deposited to the general revenue account.
- Section 23 Act to have overriding effect.
- Section 24 Contracts to cease to have effect unless ratified by the Central Government or Government company .
- Section 25 Penalties.
- Section 26 Offences by companies.
- Section 27 Protection of action taken in good faith.
- Section 28 Delegation of powers.
- Section 29 Power to make rules.
- Section 30 Power to remove difficulties.
- Section 31 Repeal and saving.
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