Sick Textile Undertakings (Nationalisation) Act,1974 |
Act No : 57 of 1974 |
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Contents of Act: |
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| I PRELIMINARY |
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| Section (1) SHORT TITLE AND COMMENCEMENT |
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| Section (2) DEFINITIONS |
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| II ACQUISITION OF THE RIGHTS OF OWNERS OFSICK TEXTILE UNDERTAKINGS |
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| Section (3) ACQUISITION OF RIGHTS OF OWNERS IN RESPECT OF SICK TEXTILE UNDERTAKINGS |
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| Section (4) GENERAL EFFECT OF VESTING |
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| Section (5) OWNER TO BE LIABLE FOR CERTAIN PRIOR LIABILITIES |
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| Section (6) NATIONAL TEXTILE CORPORATION TO FORM SUBSIDIARY CORPORATIONS |
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| Section (7) SHARES TO BE ISSUED BY THE NATIONAL TEXTILE CORPORATION FOR THE VALUE OF THE ASSETS TRANSFERRED TO IT BY THE CENTRAL GOVERNMENT |
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| III PAYMENT OF AMOUNT |
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