Asian Refractories Limited (Acquisition of Undertakings) Act,1971

Act No : 65

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Section : SHORT TITLE AND COMMENCEMENT

ASIAN REFRACTORIES LIMITED (ACQUISITION OF UNDERTAKING) ACT, 1971
65 of 1971
23rd December 1971

An Act to provide for the acquisition of the undertaking of the Asian Refractories Limited for the purpose of augmenting supplies of refractories to meet the essential requirements of the iron and steel industry.

WHEREAS the Asian Refractories Limited is in liquidation and has stopped its production;

AND WHEREAS the total production of refractories in India is inadequate and insufficient to meet the essential requirements of the iron and steel industry;

AND WHEREAS the supplies of refractories can be augmented by speedily bringing the Asian Refractories Limited into operation and expanding its capacity thereafter;

BE it enacted by Parliament in the Twenty-second Year of the Republic of India as follows:-


SECTION 01: SHORT TITLE AND COMMENCEMENT.

- (1) This Act may be called The Asian Refractories Limited (Acquisition of Undertaking) Act, 1971.

(2) It shall be deemed to have come into force on the 17th day of October, 1971.

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