Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act, 1978

The Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act, 1978

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Act ID:	197841
Act Number:	41
Enactment Date:	1978-12-08
Act Year:	1978
Short Title:	The Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act, 1978
Long Title:	An Act to provide for the acquisition and transfer of the right, title and interest of the undertakings of Britannia Engineering Company in relation to the Mokameh unit owned by it and the right, title and interest of Arthur Butler and Company in relation to the undertakings owned by it, with a view to ensuring the continued manufacture of railway wagons and other goods essential to the needs of the country in general and the Railways in particular, and for matters connected therewith or incidental thereto.
Ministry:	Ministry of Railways
Enforcement Date:	01-04-1978


Schedule 1. THE FIRST SCHEDULE Order Appendix Forms
Schedule 2. THE SECOND SCHEDULE. Order Appendix Forms

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Show all section The Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act, 1978

CHAPTER I

PRELIMINARY

CHAPTER II

ACQUISITION AND TRANSFER OF MOKAMEH UNIT AND UNDERTAKINGS OF ARTHUR BUTLER AND COMPANY

CHAPTER III

PAYMENT OF AMOUNT

CHAPTER IV

MANAGEMENT, ETC., OF MOKAMEH UNIT AND THE UNDERTAKINGS OF ARTHUR BUTLER AND COMPANY

CHAPTER V

PROVISIONS RELATING TO EMPLOYEES OF MOKAMEH UNIT AND OF ARTHUR BUTLER AND COMPANY

CHAPTER VI

COMMISSIONER OF PAYMENTS

CHAPTER VII

MISCELLANEOUS


Section 1. Short title and commencement.
Section 2. Definitions.
Section 3. Vesting in the Central Government of Mokameh unit and undertakings of Arthur Butler and Company.
Section 4. General effect of vesting.
Section 5. Power of Central Government to direct vesting of Mokameh unit and the undertakings of Arthur Butler and Company in a Government company.
Section 6. Britannia Engineering Company and Arthur Butler and Company to be liable for certain prior liabilities.
Section 7. Payment of amount.
Section 8. Payment of further amount.
Section 9. Management, etc., of Mokameh unit and the undertakings of Arthur Butler and Company.
Section 10. Duty to deliver possession of Mokameh unit and undertakings of Arthur Butler and Company.
Section 11. Duty of the companies to furnish particulars.
Section 12. Duty of persons in charge of management of Mokameh unit or undertakings of Arthur Butler and Company to deliver assets, etc.
Section 13. Employment of employees to continue.
Section 14. Provident fund and other funds.
Section 15. Appointment of Commissioner of Payments.
Section 16. Payment by Central Government to the Commissioner.
Section 17. Certain powers of the Central Government or Government company.
Section 18. Claims to be made to the Commissioner.
Section 19. Priority of claims.
Section 20. Examination of claims.
Section 21. Admission or rejection of claims.
Section 22. Disbursement of money by Commissioner.
Section 23. Disbursement of amounts to Britannia Engineering Company and Arthur Butler and Company.
Section 24. Undisbursed or unclaimed amount to be deposited with the General Revenue Account.
Section 25. Act have overriding effect.
Section 26. Contracts to cease to have effect unless ratified by the Central Government or the Government company.
Section 27. Penalties.
Section 28. Offences by companies.
Section 29. Protection of action taken in good faith.
Section 30. Delegation of Powers.
Section 31. Power to make rules.
Section 32. Power to remove difficulties.
Section 33. Declaration as to the policy of the State.

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