(1) This Act may be called the Indian Health Institute and Laboratory Limited (Acquisition and Transfer of Undertakings) Act, 1986.
(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) "Commissioner" means the Commissioner of Payments appointed under section 16;
(c) "Company" means the Indian Health Institute and Laboratory Limited, being a company as defined in the Companies Act, 1956, and having its registered office at 1 of 1956.
24, Girish Chandra Bose Road, Calcutta-700 014;
(d) "date of taking over of management of the undertakings of the Company" means the 4th day of September, 1979;
(e) "existing Government company" means a Government company which is carrying on business on the appointed day;
(f) "new Government company" means a Government company formed and registered on or after the appointed day;
(g) "notification" means a notification published in the Official Gazette;
(h) "prescribed" means prescribed by rules made under this Act;
(i) "specified date" means such date as the State Government may, for the purpose of any of the provisions of this Act, by notification, specify, and different dates may be specified for different provisions of this Act;
(j) words and expressions used herein and not defined, but defined in the Companies Act, 1956, have the meanings respectively assigned to them in that Act.
172 The Indian Health Institute and Laboratory Limited (Acquisition and Transfer of Undertakings) Act, 1986.
XXIX of 1986.1 (Chapter IL—Acquisition and transfer of the undertakings of the Company.—Sections 3, 4.)
CHAPTER II Acquisition and transfer of the undertakings of the Company
3. On the appointed day, the undertakings of the Company, and the right, title and interest of the Company in relation to its undertakings, shall, by virtue of this Act, stand transferred to, and vest in, the State Government.