Richardson and Cruddas Limited (Acquisition and Transfer of Under-takings) Act ,1972

Act No : 78

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Section : DUTY TO DELIVER POSSESSION OF PROPERTY ACQUIRED AND DOCUMENTS RELATING THERETO

SECTION 05: DUTY TO DELIVER POSSESSION OF PROPERTY ACQUIRED AND DOCUMENTS RELATING THERETO

Where any property has vested in Government under section 3-, every person in possession or custody or under the property may be, shall deliver the property Central Government forthwith.

(2) Any person who on She day has in his possession or under his control any documents or other papers relating to the which has vested in the Central this Act and which belong to the old company, or, would have so belonged if the undertaking of the company had not vested in the Central Government, shall be liable to account for the said books, merits or other papers to the Government and, on the transfer of such undertaking to the company, to that company, and shall deliver them up to the Central Government or the new the case may be or to such other person as the Central Government or the new company may this behalf.

(3) The Central Government may take or cause to be taken, all necessary steps for possession of all properties which have vested in that Government under section 3-.

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