Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act,1986 |
Act No : 30 of 1986 |
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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 TEXTILE UNDERTAKINGS | |
Section (3) TRANSFER AND VESTING OF THE TEXTILE UNDERTAKINGS | |
Section (4) GENERAL EFFECT OF VESTING | |
Section (5) COMPANY TO BE LIABLE FOR CERTAIN PRIOR LIABILITIES | |
Section (6) TRANSFER OF ANY TEXTILE UNDERTAKING OR PART THEREOF TO A SUBSIDIARY TEXTILE CORPORATION | |
Section (7) SHARES TO BE ISSUED BY NATIONAL TEXTILE CORPORATION FOR THE VALUE OF ASSETS TRANSFERRED TO IT BY THE CENTRAL GOVERNMENT | |
III PAYMENT OF AMOUNTS |