The AIR CORPORATIONS (TRANSFER OF UNDERTAKINGS AND REPEAL) ACT, 1994

Sections

Section 1 — Short title and commencement.

(1) This Act may be called the Air Corporations (Transfer of Undertakings and Repeal) Act, 1994.

(2) It shall be deemed to have come into force on the 29th day of January,1994.

Browse all 12 sections
  1. 1.Short title and commencement.
  2. 2.Definitions.
  3. 3.Undertakings of corporations to vest in companies.
  4. 4.General effect of vesting of undertakings in the companies.
  5. 5.Licences, etc., to be deemed to have been granted to companies.
  6. 6.Tax exemption or benefit to continue to have effect.
  7. 7.Guarantee to be operative.
  8. 8.Provisions in respect of officers and other employees of corporations.
  9. 9.Power of Central Government to give directions.
  10. 10.Power to remove difficulties.
  11. 11.Repeal of Act 27 of 1953 and cesser of corporations.
  12. 12.Repeal and saving.