Smith, Stainstreet and Company Limited (Acquisition and Transfer of Undertakings) Act,1977 |
Act No : 41 of 1977 |
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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 AND TRANSFER OF THE UNDERTAKINGS OF THE COMPANY |
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| Section (3) TRANSFER TO AND VESTING IN CENTRAL GOVERNMENT OF THE UNDERTAKINGS OF THE COMPANY |
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| Section (4) GENERAL EFFECT OF VESTING |
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| Section (5) CENTRAL GOVERNMENT OR GOVERNMENT COMPANY NOT TO BE LIABLE FOR PRIOR LIABILITIES |
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| Section (6) POWER OF CENTRAL GOVERNMENT TO DIRECT VESTING OF THE UNDERTAKINGS OF THE COMPANY IN A GOVERNMENT COMPANY |
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| III PAYMENT OF AMOUNTS |
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| Section (7) PAYMENT OF AMOUNT |
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