Esso (Acquisition of Undertakings in India) Act,1974

Act No : 4

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Section : DUTY TO DELIVER POSSESSION OF PROPERTIES, ETC

SECTION 12: DUTY TO DELIVER POSSESSION OF PROPERTIES, ETC

(1) Where any property, appertaining to any undertakings of Esso in India has been transferred to, and vested in the Central Government or a Government company under this Act:-

(a) every person in whose possession custody or control any such property may be, shall, on a demand by the Central Government or the Government company as the case may be, deliver the property to the Central Government or the Government company, as the case may be forthwith;

(b) any person who, immediately before such vesting, has in. his possession custody or control any books, documents or other papers relating to the undertakings, of Esso in "India, shall be liable to account" for the said books, documents and papers to the Central Government or the Government company, as the case may be and shall deliver them up to the. Central Government or that company or to such person as the Central Government or that company may authorise in this behalf.

(2) Without prejudice to the other provisions contained in this section, it shall be lawful for the Central Government or the Government company to take all necessary steps for- taking possession of all properties which have been transferred to and vested in it under this Act.

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