The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984
Central Act · Act 17 of 198433 provisions
The enactment
| Long title | An Act to provide for the acquisition and transfer of the undertakings of the Inchek Tyres Limited and the National Rubber Manufacturers Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of tyres, tubes and other rubber goods which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto. |
|---|---|
| Type | Act |
| Citation | Act 17 of 1984 |
| Year | 1984 |
| Jurisdiction | Central |
| Ministry | Ministry of Heavy Industries and Public Enterprises |
| Status | In force as published by the source |
| Provisions published | 33 |
Full text, provision by provision
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- Section 1 Short title and commencement.
- Section 2 Definitions.
- Section 3 Transfer to, and vesting in, the Central Government of the undertakings of the two companies.
- Section 4 General effect of vesting.
- Section 5 Companies to be liable for certain prior liabilities.
- Section 6 Power of Central Government to direct vesting of the undertakings of the two companies in an existing Government Company.
- Section 7 Transfer of the undertakings of the two companies from an existing Government company to a new Government company
- Section 8 Payment of amount.
- Section 9 Payment of further amounts.
- Section 10 Management, etc., of the undertakings of the two companies.
- Section 11 Duty of persons in charge of management of undertakings of the two companies to deliver all assets, etc.
- Section 12 Duty of persons to account for assets, etc., in their possession.
- Section 13 Continuance of employees.
- Section 14 Provident fund and other funds.
- Section 15 Appointment of Commissioner of Payments.
- Section 16 Payment by Central Government to the Commissioner.
- Section 17 Certain powers of Central Government or existing, or new, Government company.
- Section 18 Claims to be made to the Commissioner.
- Section 19 Priority of claims.
- Section 20 Examination of claims.
- Section 21 Admission or rejection of claims.
- Section 22 Disbursement of money by Commissioner.
- Section 23 Disbursement of amounts to the companies.
- Section 24 Undisbursed or unclaimed amount to be deposited with the general revenue account.
- Section 25 Act to have over-riding effect.
- Section 26 Contracts to cease to have effect unless ratified by the Central Government or existing, or New, Government company.
- Section 27 Penalties.
- Section 28 Offences by companies.
- Section 29 Protection of action taken in good faith.
- Section 30 Delegation of powers.
- Section 31 Power to make rules.
- Section 32 Power to remove difficulties.
- Section 33 Repeal and saving.
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