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Section 12: Duty of persons in charge of management of the undertaking to deliver all assets, etc

The Commonwealth Trust, Kozhikode (Acquistion and Transfer of Undertaking) Act, 2012State Act of Kerala · Act 1 of 2018

On the vesting of the management of the undertaking in the State Industrial Development Corporation, all persons in charge of the management of undertaking immediately before such vesting shall be bound to deliver to the State Industrial Development Corporation all assets, books of account, registers or other documents in their custody relating to the said undertaking.

Where this provision sits

ActThe Commonwealth Trust, Kozhikode (Acquistion and Transfer of Undertaking) Act, 2012
Section12
Marginal noteDuty of persons in charge of management of the undertaking to deliver all assets, etc
JurisdictionState of Kerala
StatusIn force as published by the source

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