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Section 11: Duty of persons in charge of management of undertakings of the two companies to deliver all assets, etc.

The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984Central Act · Act 17 of 1984

(1) On the vesting of the management of the undertakings of the two companies in an existing, or a new, Government company, all persons in charge of the management of the undertakings of either of the two companies immediately before such vesting shall be bound to deliver to such Government company, all assets, books of account, registers and other documents in their custody relating to the undertakings.

(2) The Central Government may issue such directions as it may deem desirable in the circumstances of the case to the existing, or new, Government company and such Government company may also, if it is considered necessary so to do, apply to the Central Government at any time for instructions as to the manner in which the management of the undertakings of the two companies shall be conducted or in relation to any other matter arising in the course of such management.

Where this provision sits

ActThe Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984
Section11
Marginal noteDuty of persons in charge of management of undertakings of the two companies to deliver all assets, etc.
JurisdictionCentral
StatusIn force as published by the source

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