Textile Undertakings (Nationalisation) Act,1995 |
Act No : 39 of 1995 |
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Contents of Act: |
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SECTION( CHAP ) PRELIMINARY |
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SECTION( 1. ) Short title and commencement. |
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SECTION( 2. ) Definitions. |
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SECTION( CHAP ) ACQUISITION AND TRANSFER OF THE TEXTILE UNDERTAKINGS |
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SECTION( 3. ) Acquisition of rights of owners and vesting of the textileundertakings. |
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SECTION( 4. ) General effect of vesting. |
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SECTION( 5. ) Owner to be liable for contain prior liabilities. |
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SECTION( 6. ) Transfer of any textile undertaking or part thereof to a subsidiarytextile Corporation. |
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SECTION( 7. ) Shares to be issued by the National Textile Corporation for the valueof the assets transferred to it by the Central Government. |
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SECTION( CHAP ) PAYMENT OF AMOUNTS |
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