Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act,1986 |
Act No : 30 of 1986 |
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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 TEXTILE UNDERTAKINGS |
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| Section (3) TRANSFER AND VESTING OF THE TEXTILE UNDERTAKINGS |
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| Section (4) GENERAL EFFECT OF VESTING |
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| Section (5) COMPANY TO BE LIABLE FOR CERTAIN PRIOR LIABILITIES |
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| Section (6) TRANSFER OF ANY TEXTILE UNDERTAKING OR PART THEREOF TO A SUBSIDIARY TEXTILE CORPORATION |
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| Section (7) SHARES TO BE ISSUED BY NATIONAL TEXTILE CORPORATION FOR THE VALUE OF ASSETS TRANSFERRED TO IT BY THE CENTRAL GOVERNMENT |
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| III PAYMENT OF AMOUNTS |
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