The Bird and Company Ltd. (Acquisition and Transfer of Undertakings and other Properties) Act, 1980
Acquisition and Transfer of The Undertakings of The Company and of Shares Held by The Company in The Specified Companies
3. Transfer to, and vesting in, Central Government of the undertakings of the Company.-
On the appointed day, the undertakings of the Company and the right, title and interest of the Company in relation to its undertakings shall, by virtue of this Act, stand transferred to, and vest in, the Central Government.