Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act,1984

Act No : 55

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Section : DUTY OF PERSONS IN CHARGE OF MANAGEMENT OF THE UNDERTAKINGS OF THE COMPANY TO DELIVER ALL ASSETS, ETC

SECTION 11: DUTY OF PERSONS IN CHARGE OF MANAGEMENT OF THE UNDERTAKINGS OF THE COMPANY TO DELIVER ALL ASSETS, ETC

(1) On the vesting of the management of the undertakings of the Company, in the existing, or new, Government company, all persons in charge of the management of the undertakings of the Company immediately before such vesting, shall be bound to deliver to such Government company, all assets, books of account, registers and other documents in their custody relating to the undertakings of the Company.

(2) The Central Government may issue such directions as it may deem desirable in the
Circumstances of the case to the existing, or new Government company and such Government company may also, if it is considered necessary so to do, apply to the Central Government at any time for instructions to the manner in which the management of the undertakings of the Company shall be conducted or in relation to any other matter arising in the course of such management.

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