(1) This Act may be called the Ganges Printing Ink Factory Limited (Acquisition and Transfer of Assets) Act, 1993.
(2) It shall come into force on such date as the State Government may, by notification, appoint.
2. In this Act, unless the context otherwise requires,—
(a) "appointed day" means the date on which this Act comes into force;
(b) "assets of the Company" includes all property, movable and immovable, including lands, factory sheds, office buildings, plant and machinery, equipments, furniture and fixtures, electrical installations and all other rights and interests in, or arising out of, such property as were immediately before the appointed day in the ownership, power or control of the Company within West Bengal;
Short title and commencement.
Definitions.
179 The Ganges Printing Ink Factory Limited (Acquisition and Transfer of Assets) Act, 1993.
[West Ben. Act (Sections 3, 4.)
(c) "Company" means the Ganges Printing Ink Factory Limited, being a Company as defined in the Companies Act, 1956, and having its registered office at 8, Netaji Subhas Road, Calcutta;
(d) "existing Government Company" means a Government Company which is carrying on business on the appointed day;
(e) "Joint Sector Company" means a Company, by whatever name called, formed and registered under the Companies Act, 1956, on or after the appointed day;
(f) "notification" means a notification published in the Official Gazette;
(g) words and expressions used herein and not defined, but defined in the Companies Act, 1956, shall have the meanings respectively assigned to them in that Act.
1 of 1956.
Transfer to, and vesting in, State Government of the assets of the Company.
General effect of vesting.
3. On the appointed day, the assets of the Company, and right, title and interest of the Company in relation to its assets, shall, by virtue of this Act, stand transferred to, and vest in, the State Government.