(1) This Act may be called the Krishna Silicate and Glass Works Limited (Acquisition and Transfer of Undertakings) Act, 1986.
Short title and commencement.
211 The Krishna Silicate and Glass Works Limited (Acquisition and Transfer of Undertakings) Act, 1986.
[West Ben. Act (Chapter 1.--Preliminary.—Section 2.—Chapter 11—Acquisition and transfer of the undertakings of the Company.—Section 3.)
(2) It shall come into force on such date as the State Government may, by notification, appoint.
Definition. 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 Krishna Silicate and Glass Works Limited, being a company as defined in the Companies Act, 1956, and having its registered office at 17, Radha Bazar Street, Calcutta-700 001;
(d) "date of taking over of management of the undertakings of the Company" means the 5th day of March, 1973;
(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 assiganed to them in that Act.
CHAPTER II Acquisition and transfer of the undertakings of the Company 1 of 1956.
Transfer to, and vesting in, State Government 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.
212 The Krishna Silicate and Glass Works Limited (Acquisition and Transfer of Undertakings) Act, 1986.
CXXI of 1986.]
(Chapter 11.—Acquisition and transfer of the undertakings of the Company.—Section 4.)