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Section 3

The Tea Companies (Acquisition and Transfer of Sick Units) Ordinance, 1985.Ordinance · 1985

(i) On the appointed day, every sick tea unit and the right, title and interest of every tea company in relation to its sick tea units or, as the case may be, sick tea unit shall, by virtue of this Ordinance, stand transferred to, and vest in, the Central Government.

(2) Every sick tea unit which stands vested in the Central Government by virtue of sub-section (1) shall, immediately after it has so vested, stand transferred to, and vested in, the Tea Trading Corporation.

Where this provision sits

ActThe Tea Companies (Acquisition and Transfer of Sick Units) Ordinance, 1985.
Section3
StatusIn force as published by the source

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