Section 10: Management of the old company.

The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972Central Act · Act 78 of 1972

(1) The affairs of the old company shall be managed by a Custodian to be appointed by the Central Government in this behalf:

Provided that the Central Government may, if the Custodian declines to become, or to continue to function as, the Custodian or if it is of opinion that it is necessary in the interests of the old company so to do, appoint any other person as the Custodian of the old company.

(2) The Custodian appointed under sub-section (1) shall receive, from the funds of the old company, such emoluments as the Central Government may specify in this behalf.

(3) The Custodian shall hold office during the pleasure of the Central Government.

Where this provision sits

Act	The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972
Section	10
Marginal note	Management of the old company.
Jurisdiction	Central
Status	In force as published by the source

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