THE AIR CORPORATIONS (TRANSFER OF UNDERTAKINGS AND REPEAL) ACT, 1994

ACT NO. 13 OF 1994 · Enacted [21st March, 1994.] · 12 sections

Section 1.Short title and commencement.

Section 2.Definitions.

Section 3.Undertakings of corporations to vest in companies.

Section 4.General effect of vesting of undertakings in the companies.

Section 5.Licences, etc., to be deemed to have been granted to companies.

Section 6.Tax exemption or benefit to continue to have effect.

Section 7.Guarantee to be operative.

Section 8.Provisions in respect of officers and other employees of corporations.

Section 9.Power of Central Government to give directions.

Section 10.Power to remove difficulties.

Section 11.Repeal of Act 27 of 1953 and cesser of corporations.

Section 12.Repeal and saving.