(1) This Act may be called the Infusions (India) Limited (Acquisition of Shares) Act, 1985.
(2) It shall be deemed to have come into force on the 8th day of July,
1985.
Short title and commencement.
145 The Infusions (India) Limited (Acquisition of Shares) Act, 1985.
[West Ben. Act (Chapter 1.—Preliminary.—Section 2.—Chapter II.—Acquisition of the shares of the Company.—Section 3.)
Definitions. 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 7;
(c) "Company" means the Infusions (India) Limited, being a company within the meaning of the Companies Act, 1956, 1 of 1956.
and having its registered office at Drug Industrial Estate, Chowrasta, Behala, Calcutta-700 034;
.(d) "notification" means a notification published in the Official Gazette;
(e) "share" means a share, whether equity or preference, in the capital of the Company, and includes a share pledged by any shareholder with any bank or other creditor, but does not include any share in the capital of the Company held by the West Bengal Pharmaceutical and Phytochemical Development Corporation;
(f) "shareholder" means a person who, immediately before the appointed day, was registered by the Company as the holder of any share, and includes his legal representative;
(g) "specified date" means such date as the State Government may, for the purpose of any provision of this Act, by notification, specify;
(h) 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.
Transfer and vesting of shares of the Company in the State Government.
CHAPTER II Acquisition of the shares of the Company