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Section 7

Metal Corporation of India (Acquisition of Undertaking) Ordinance, 1966Ordinance · 1966

(2) Where any property has vested in the Central Government under section 3, every person in whose possession or custody or tinder whose control the property may be, shall deliver the property to the Central Government forthwith.

(2) Any person who, on the commencement of this Ordinance, has in his possession or under his control any books, documents feed, ij THE GAZETTE OF I&DIA EXTRAORDINARY 331 or other papers relating to the company which have vested in the Central Government under this Ordinance and which belong to the company or would have so belonged if the undertaking of the company had not vested in the Central Government shall be liable to account for the said books, documents and papers to the Central Government and shall deliver them up to the Central Government or to such person as the Central Government may specify in this behalf.

(3) The Central Government may take all necessary steps for securing possession of all properties which have vested in that Government under section 3.

8. The company shall, within such period as the Central Government may allow in this behalf, furnish to that Government a complete inventory of all the properties and assets (including particulars of book debts and investments and belongings) of the company at the commencement of this Ordinance, all liabilities and obligations of the company subsisting at such commencement and also of all agreements entered into by the company and in force on such commencement including agreements, whether express or implied, relating to leave, pension, gratuity and other terms of service of any officer or other employee of the company under which, by virtue of this Ordinance, the Central Government has, or will have, or may have, liabilities except such agreements as that Government may exclude from the operation of this section, and for this purpose, the Central Government shall afford the company all reasonable facilities.

Dutj to furnish particulars.

Where this provision sits

ActMetal Corporation of India (Acquisition of Undertaking) Ordinance, 1966
Section7
StatusIn force as published by the source

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