(1) This Ordinance may be called the Metal Corporation (Nationalisation and Miscellaneous Provisions) Ordinance, 1976. Short title and commencement,
(2) Sections 20 and 21 shall come into force at once and the other provisions of this Ordinance shall be deemed to have come into force on the 22nd day of October, 1965.
(969) 970 THE GAZETTE OF INDIA EXTRAORDINARY « P A R T II—
2. In this Ordinance, unless the context otherwise -requires,—Definitions.
(a) "appointed day" means the date on which this Ordinance is first published in the Official Gazette;
(b) "commencement of this Ordinance" means the 22nd day of October, 1965;
(c) "Metal Corporation" means the Metal Corporation of India Limited, a company within the mleaning of the Companies Act, 1956, and having its registered office at Calcutta;
1 of 19S6.
(d) "Mineral Concession Rules" means the Mineral Concession Rules, for the time being in force, made by the Central Government under the Mines and Minerals (Regulation and Development) Act, 1957;
67 of 1957.
(e) "notification" means a notification published in the Official Gazette;
(f) "prescribed" means prescribed by rules made under this Ordinance;
(g) words and expressions used in this Ordinance and not defined but defined in the Companies Act, 1956, have the meanings respectively assigned to them in that Act.
1 of 1936.
3. For the purposes of this Ordinance, the undertaking of the Metal Corporation shall be deemed to include all assets, rights, leaseholds (including mining leases, if any), powers, authorities and privileges and all property, movable and immovable, including lands, buildings, works, mines, workshops, projects, smelters, refineries, stores, instruments, machinery, locomotives, automobiles and other vehicles, mined or extracted zino or lead ores, concentrates and mteltals, in process or in stock or in transit, cash balances, cash in hand, reserve fund, investments and book debts and all other rights and interests in, or arising out of, such property as were immediately before the date of commencement of this Ordinance in the ownership, possession, power or control of the Metal Corporation, whether within or without India, and all books of account, registers, maps, sections drawings, records of survey and all other documents of whatever nature relating thereto; and shall also be deemed to include all borrowings, liabilities and obligations of whatever kind of the Metal Corporation in relation to its undertaking.
"Undertaking" —meaning of.
CHAPTER II TAKING OVER OF MANAGEMENT OF THE UNDERTAKING OF THE METAL CORPORATION