JC ActCentral laws1980
The Jute Companies (Nationalisation) Act, 1980
An Act to provide for the acquisition and transfer of the undertakings of the jute companies, specified in the First Schedule 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 articles made of jute, which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.
Act No. 62 of 1980 · Ministry of Textiles
- Sections
- 33
- Chapters
- 7
- Classified offences
- 1
Contents
IPreliminary§ 1–22 sections
IIAcquisition and Transfer of the Undertakings of the Jute Companies§ 3–64 sections
- 3Transfer to, and vesting in, the Central Government of the undertakings of the jute companies.
- 4General Power of vesting.
- 5Jute companies to be liable for certain prior liabilities.
- 6Power of Central Government to direct vesting of the undertakings of the jute companies in Jute Manufactures Corporation.
IIIPayment of Amounts§ 7–82 sections
IVManagement, Etc., of the Undertakings of the Jute Companies§ 9–113 sections
VProvisions Relating to Employees of the Jute Companies§ 12–132 sections
VICommissioner of Payments§ 14–2310 sections
- 14Appointment of Commissioner of Payments.
- 15Payment by Central Government to the Commissioner.
- 16Certain powers of Central Government or Jute Manufactures Corporation.
- 17Claims to be made to the Commissioner.
- 18Priority of Claims.
- 19Examination of claims.
- 20Admission or rejection of claims.
- 21Disbursement of money by the Commissioner.
- 22Disbursement of amounts to the jute companies.
- 23Undisbursed or unclaimed amounts to be deposited with the general revenue account.
VIIMiscellaneous§ 24–3310 sections
- 24Act to have overriding effect.
- 25Assumption of liability.
- 26Management to continue to vest in certain persons until alternative arrangements have been made.
- 27Contracts to cease to have effect unless ratified by the Central Government or Jute Manufactures Corporation.
- 28Penalties.
- 29Offences by companies.
- 30Protection of action taken in good faith.
- 31Delegation of powers.
- 32Power to make rules.
- 33Power to remove difficulties.