THE DALMIA DADRI CEMENT LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1981

ACT NO. 31 OF 1981 · Enacted [15th September, 1981.] · 32 sections

PRELIMINARY

Section 1.Short title and commencement.

Section 2.Definitions.

ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE COMPANY

Section 3.Transfer to, and vesting in, the Central Government of the undertakings of the Company.

Section 4.General effect of vesting.

Section 5.Central Government or Cement Corporation not to be liable for prior liabilities.

Section 6.Power of Central Government to direct vesting of the undertakings of the Company in Cement Corporation.

PAYMENT OF AMOUNTS

Section 7.Payment of amount.

Section 8.Payment of further amount.

MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE COMPANY

Section 9.Management, etc., of the undertakings of the Company.

Section 10.Duty to deliver possession of the undertakings of the Company and documents relating thereto.

Section 11.Duty to furnish particulars.

PROVISIONS RELATING TO THE EMPLOYEES OF THE COMPANY

Section 12.Employment of certain employees to continue.

Section 13.Provident fund and other funds.

COMMISSIONER OF PAYMENTS

Section 14.Appointment of Commissioner of Payments.

Section 15.Payment by the Central Government to the Commissioner.

Section 16.Certain powers of the Central Government or Cement Corporation.

Section 17.Claims to be made to the Commissioner.

Section 18.Priority of claims.

Section 19.Examination of claims.

Section 20.Admission or rejection of claims.

Section 21.Disbursement of money by the Commissioner to claimants.

Section 22.Disbursement of amounts to the Company.

Section 23.Undisbursed or unclaimed amount to be deposited to the general revenue account.

MISCELLANEOUS

Section 24.Act to have overriding effect.

Section 25.Contracts to cease to have effect unless ratified by Central Government or Cement Corporation.

Section 26.Protection of action taken in good faith.

Section 27.Delegation of Powers.

Section 28.Penalties.

Section 29.Offences by companies.

Section 30.Power to make rules.

Section 31.Power to remove difficulties.

Section 32.Repeal and saving.