Smith, Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act,1977 |
Act No : 41 of 1977 |
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Contents of Act: |
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I PRELIMINARY | |
Section (1) SHORT TITLE AND COMMENCEMENT | |
Section (2) DEFINITIONS | |
II ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE COMPANY | |
Section (3) TRANSFER TO AND VESTING IN CENTRAL GOVERNMENT OF THE UNDERTAKINGS OF THE COMPANY | |
Section (4) GENERAL EFFECT OF VESTING | |
Section (5) CENTRAL GOVERNMENT OR GOVERNMENT COMPANY NOT TO BE LIABLE FOR PRIOR LIABILITIES | |
Section (6) POWER OF CENTRAL GOVERNMENT TO DIRECT VESTING OF THE UNDERTAKINGS OF THE COMPANY IN A GOVERNMENT COMPANY | |
III PAYMENT OF AMOUNTS | |
Section (7) PAYMENT OF AMOUNT |