Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982

The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	198271
Act Number:	71
Enactment Date:	1982-11-13
Act Year:	1982
Short Title:	The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982
Long Title:	An Act to provide for the acquisition and transfer of the undertakings of the Andhra Scientific Company Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continuity of production of scientific instruments which are vital to the needs of the country and for matters connected therewith or incidental thereto.
Ministry:	Ministry of Defence
Department:	Department of Defence Production
Enforcement Date:	01-07-1981
Notification:	Ss. 27 & 28 (13-11-1982)


Schedule 1. THE SCHEDULE Order Appendix Forms

Title	Files

Title	Files

Title	Files

Show all section The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982

CHAPTER I

PRELIMINARY

CHAPTER II

ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE COMPANY

CHAPTER III

PAYMENT OF AMOUNTS

CHAPTER IV

MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE COMPANY

CHAPTER V

PROVISIONS RELATING TO THE EMPLOYEES OF THE COMPANY

CHAPTER VI

COMMISSIONER OF PAYMENT

CHAPTER VII

MISCELLANEOUS


Section 1. Short title and commencement.
Section 2. Definitions.
Section 3. Transfer to, and vesting in, the Central Government of the undertakings of the Company.
Section 4. General effect of vesting.
Section 5. Company to be liable for certain prior liabilities.
Section 6. Power of Central Government to direct vesting of the undertakings of the Company in a Government company.
Section 7. Payment of amount.
Section 8. Payment of further amounts.
Section 9. Management, etc., of the undertakings of the Company.
Section 10. Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc.
Section 11. Duty of persons to account for assets, etc., in their possession.
Section 12. Accounts and audit.
Section 13. Continuance of employees.
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 the Commissioner.
Section 23. Disbursement of amounts to the Company.
Section 24. Undisbursed or unclaimed amount to be deposited with the general revenue account.
Section 25. Act to have overriding effect.
Section 26. Contracts to cease to have effect unless ratified by Central Government or 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.

Disclaimer: Updating and uploading of all Central Acts available on this web page is the proprietary of the Legislative Department in the Ministry of Law and Justice.
The updating and uploading of Rules, Regulations, Notifications, etc., and linking them with relevant sections of the respective Principal Act under which the said subordinate legislations have been made is the proprietary of the concerned Ministry/Departments in the Government of India administering subject matter of the Legislation.