Chapter II
Acquisition and transfer of the undertakings of the Company
Sections in this chapter
- Section 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.
- Section 4 — (1) The undertakings of the Company shall be deemed to include
- Section 5 — Central Government or State Government or existing or new Government company not to be liable for certain prior liabilities.
- Section 6 — Power of State Government to direct vesting of the undertakings of the Company in an existing Government company.
- Section 7 — Transfer of the undertakings of the Company from an existing Government company to a new Government company.