Jute Companies (Nationalisation) Act,1980

Act No : 62

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Section : MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE JUTE COMPANIES

SECTION 09: MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE JUTE COMPANIES

The general superintendence, direction, control and management of the affairs and business of the undertakings owned by each of the jute companies, the right, title and interest in relation to which have vested in the Central Government under section 3, shall, where a direction has been made by the Central
Government under sub-section (1) of section 6, vest in the Jute Manufactures Corporation and thereupon the Jute Manufactures Corporation shall be entitled to exercise, to the exclusion of all other persons, all such powers and do all such things in relation to each such undertaking as the jute Company which owned it was authorised to exercise and do immediately before the appointed day.

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