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Sree Saraswaty Press Limited (Acquisition and Transfer of Undertakings) Act, 1984

Published in Land Reforms

An Act to provide for the acquisition and transfer, in the public interest, of the undertakings of Sree Saraswaty Press Limited, and for matters connected therewith or incidental thereto.

CHAPTER I
Preliminary

1. Short title and commencement
2. Definitions

CHAPTER II
Acquisition and transfer of the undertakings of the Company

3. Transfer to. and vesting in, State Government of the undertakings or the Company
4. General effect of vesting
5. Central Government or State Government or existing or new Government company not to be liable for certain prior liabilities
6. Power of State Government to direct vesting of the undertakings or the Company in an existing Government company
7. Transfer of the undertakings of the Company from an existing Government company to a new Government company

CHAPTER III
Payment of amounts

8. Payment of amount
9. Payment of further amount

CHAPTER IV
Management, etc., of the undertakings or the Company

10. Management, etc., of the undertakings or the Company
11. Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc.
12. Accounts and audit

CHAPTER V
Provisions relating to the employees or the Company

13. Employment or certain employee to continue
14. Provident fund and other funds

CHAPTER VI
Commissioner of Payments

15. Appointment of Commissioner of Payments
16. Payment by State Government to the Commissioner
17. Certain powers of State Government or existing or new Government Company
18. Claims to be made to the Commissioner
19. Priority of claims
20. Examination of claims
21. Admission or rejection of claims
22. Disbursement of money by Commissioner to claimants
23. Disbursement of amounts to the Company and possession of certain machinery, equipment, etc.
24. Undisbursed or unclaimed amount to be deposited to the general revenue account

CHAPTER VII
Miscellaneous

25. Act to have overriding effect
26. Assumption of liability
27. Contracts to cease to have effect unless ratified by the State Government or existing, or new, Government company
28. Penalties
29. Offences by companies
30. Protection of action taken in good faith
31. Delegation of powers
32. Power to make rules
33. Power to remove difficulties

Download: Sree Saraswaty Press Limited (Acquisition and Transfer of Undertakings) Act, 1984