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The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984

[Act No. 55 of 1984]

[23rd August, 1984.]

Contents
Title The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984
Sections Particulars
Chapter I Preliminary
1. Short title and commencement
2. Definitions
Chapter II Acquisition and Transfer of the Undertakings of the Company
3. Transfer to, and vesting in, the Central Government of the undertakings of the Company
4. General effect of vesting
5. Power of Central Government to direct vesting of the undertakings of the Company in an existing Government Company
6. Transfer of undertakings of the Company from an existing Government company to a new Government company
7. Company to be liable for certain prior liabilities
Chapter III Payment of Amounts
8. Payment of amount
9. Payment of further amount
Chapter IV Management, Etc., of the Undertakings of the Company
10. Management, etc., of the undertakings of the Company
11. Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc
12. Duty of persons to account for assets, etc., in their possession
Chapter V Provisions Relating to the Employees of the Company
13. Continuance of employees
14. Provident fund and other funds
Chapter VI Commissioner of Payments
15. Appointment of Commissioner of Payments
16. Payment by the Central Government to the Commissioner
17. Certain powers of the Central Government or the 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 the Commissioner to claimants
23. Disbursement of amounts to the Company
24. Undisbursed or unclaimed amount to be deposited to the general revenue account
Chapter VII Miscellaneous
25. Act to have overriding effect
26. Contracts to cease to have effect unless ratified by the Central Government or the Government company
27. Protection of action taken in good faith
28. Delegation of powers
29. Penalties
30. Offences by companies
31. Power to make rules
32. Power to remove difficulties
33. Repeal and saving
The Schedule Order of Priorities for the Discharge of Liabilities of the Company


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