Caltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of

Caltex [Acquisition of Shares of Caltex Oil Refining (India) Limited and of the Undertakings in India of Caltex (India) Limited] Act,1977

Act No : 17

Section : DUTY TO DELIVER POSSESSION OF PROPERTIES, ETC

SECTION 14: DUTY TO DELIVER POSSESSION OF PROPERTIES, ETC

- (1) Where any properly, appertaining to any undertaking of Caltex (India) in India has been transferred to, and vested in, the Central Government or the successor Government company under this Act,-

(a) every person in whose possession, custody or control any such property may be, shall, on a demand by the Central Government or the successor Government company, as the cue may be, deliver the property to the Central Government or the successor Government company, as the case may be. forthwith;

(b) any person who, immediately before such testing, has, in his possession, custody or control, any books, documents or other papers relating to the undertakings of Caltex (India) in India, shall be liable to account for the said books, documents and papers to the Central Government or the successor Government company, as the case may be, and shall deliver them up to the Central Government or that company or to such person as the Central Government or that company may authorise in this behalf.

(2) Without prejudice to the other provisions contained in this section, it shall be lawful for the Central Government or the successor Government company to take all necessary steps for taking possession of all properties, which have been transferred to, and vested in, it under this Act.