Sick Textile Undertakings (Nationalisation) Act : DUTY OF PERSONS IN CHARGE OF MANAGEMENT OF SICK TEXTILE

Sick Textile Undertakings (Nationalisation) Act,1974

Act No : 57

Section : DUTY OF PERSONS IN CHARGE OF MANAGEMENT OF SICK TEXTILE UNDERTAKINGA^O DELIVER ALL ASSETS, ETC

SECTION 12: DUTY OF PERSONS IN CHARGE OF MANAGEMENT OF SICK TEXTILE UNDERTAKINGA^O DELIVER ALL ASSETS, ETC

On the vesting of the management of a sick textile undertaking in the National Textile Corporation all persons in charge of the management of such sick textile undertaking immediately before such vesting shall be bound to deliver to the National Textile Corporation all assets, books of account, registers or other documents in their custody relating to the sick textile undertaking.