ITLNRML ActCentral laws1984
The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984
An Act to provide for the acquisition and transfer of the undertakings of the Inchek Tyres Limited and the National Rubber Manufacturers Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of tyres, tubes and other rubber goods which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.
Act No. 17 of 1984 · Ministry of Heavy Industries and Public Enterprises
- Sections
- 33
- Chapters
- 7
- Classified offences
- 1
Contents
IPreliminary§ 1–22 sections
IIAcquiaiton and Transfer of the Undertakings of the Two Companies§ 3–75 sections
- 3Transfer to, and vesting in, the Central Government of the undertakings of the two companies.
- 4General effect of vesting.
- 5Companies to be liable for certain prior liabilities.
- 6Power of Central Government to direct vesting of the undertakings of the two companies in an existing Government Company.
- 7Transfer of the undertakings of the two companies from an existing Government company to a new Government company
IIIPayment of Amounts§ 8–92 sections
IVManagement, Etc., of the Undertakings of the Two Companies§ 10–123 sections
VProvisions Relating to Employees of the Two Companies§ 13–142 sections
VICommissioner of Payments§ 15–2410 sections
- 15Appointment of Commissioner of Payments.
- 16Payment by Central Government to the Commissioner.
- 17Certain powers of Central Government or existing, or new, Government company.
- 18Claims to be made to the Commissioner.
- 19Priority of claims.
- 20Examination of claims.
- 21Admission or rejection of claims.
- 22Disbursement of money by Commissioner.
- 23Disbursement of amounts to the companies.
- 24Undisbursed or unclaimed amount to be deposited with the general revenue account.
VIIMiscellaneous§ 25–339 sections
- 25Act to have over-riding effect.
- 26Contracts to cease to have effect unless ratified by the Central Government or existing, or New, Government company.
- 27Penalties.
- 28Offences by companies.
- 29Protection of action taken in good faith.
- 30Delegation of powers.
- 31Power to make rules.
- 32Power to remove difficulties.
- 33Repeal and saving.