Textile Undertakings (Nationalisation) Act : Duty of persons in charge of management of textile

Textile Undertakings (Nationalisation) Act,1995

Act No : 39

Section : Duty of persons in charge of management of textile undertakings todeliver all assets etc.

12. Duty of persons in charge of management of textile undertakings to deliver all assets etc. On the vesting of the management of a textile undertaking in the National Textile Corporation, all persons In charge of the management of such textile undertaking immediately before such vesting shall be bound to deliver to the National Textile Corporation all assets, documents In their custody relating to the textile undertaking.