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The Britannia Engineering Company Ltd. (Mokameh Unit) and The Arthur Butler and Company (Muzaffarpore) Ltd. (Acquisition and Transfer of Undertakings) Act, 1978

[Act No. 41 of 1978]

[8th December, 1978.]

Contents
Title The Britannia Engineering Company Ltd Act, 1978
Sections Particulars
Chapter I Preliminary
1. Short title and commencement
2. Definitions
Chapter II Acquisition and Transfer of Mokameh Unit and Undertakings of Arthur Butler and Company
3. Vesting in the Central Government of Mokameh unit and undertakings of Arthur Butler and Company
4. General effect of vesting
5. Power of Central Government to direct vesting of Mokameh unit and the undertakings of Arthur Butler and Company in a Government company
6. Britannia Engineering Company and Arthur Butler and Company to be liable for certain prior liabilities
Chapter III Payment of Amount
7. Payment of amount
8. Payment of further amount
Chapter IV Management, Etc., of Mokameh Unit and The Undertakings of Arthur Butler and Company
9. Management, etc., of Mokameh unit and the undertakings of Arthur Butler and Company
10. Duty to deliver possession of Mokameh unit and undertakings of Arthur Butler and Company
11. Duty of the companies to furnish particulars
12. Duty of persons in charge of management of Mokameh unit or undertakings of Arthur Butler and Company to deliver assets, etc
Chapter V Provisions Relating to Employees of Mokameh Unit and of Arthur Butler and Company
13. Employment of employees to continue
14. Provident fund and other funds
Chapter VI Commissioner of Payments
15. Appointment of Commissioner of Payments
16. Payment by Central Government to the Commissioner
17. Certain powers of the Central Government or Government company
18. Claims to be made to the Commissioner
19. Priority of claims
20. Examination of claims
21. Admission or rejection of claims
22. Disbursement of money by Commissioner
23. Disbursement of amounts to Britannia Engineering Company and Arthur Butler and Company
24. Undisbursed or unclaimed amount to be deposited with the General Revenue Account
Chapter VII Miscellaneous
25. Act have overriding effect
26. Contracts to cease to have effect unless ratified by the Central Government or the Government company
27. Penalties
28. Offences by companies
29. Protection of action taken in good faith
30. Delegation of Powers
31. Power to make rules
32. Power to remove difficulties
33. Declaration as to the policy of the State
The Schedules
Schedule I Table
Schedule II Order of Priorities


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