Sick Textile Undertakings (Nationalisation) Act,1974 |
Act No : 57 of 1974 |
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Contents of Act: |
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I PRELIMINARY | |
Section (1) SHORT TITLE AND COMMENCEMENT | |
Section (2) DEFINITIONS | |
II ACQUISITION OF THE RIGHTS OF OWNERS OFSICK TEXTILE UNDERTAKINGS | |
Section (3) ACQUISITION OF RIGHTS OF OWNERS IN RESPECT OF SICK TEXTILE UNDERTAKINGS | |
Section (4) GENERAL EFFECT OF VESTING | |
Section (5) OWNER TO BE LIABLE FOR CERTAIN PRIOR LIABILITIES | |
Section (6) NATIONAL TEXTILE CORPORATION TO FORM SUBSIDIARY CORPORATIONS | |
Section (7) SHARES TO BE ISSUED BY THE NATIONAL TEXTILE CORPORATION FOR THE VALUE OF THE ASSETS TRANSFERRED TO IT BY THE CENTRAL GOVERNMENT | |
III PAYMENT OF AMOUNT |