The BIRD AND COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS AND OTHER PROPERTIES) ACT, 1980

PRELIMINARY

Section 1 — Short title and commencement.

This Act may be called the Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties ) Act, 1980.

(2) It shall be deemed to have come into force on the 25th day of October, 1980.

Browse all 33 sections
  1. 1.Short title and commencement.
  2. 2.Definitions.
  3. 3.Transfer to, and vesting in, the Central Government of the undertakings of the Company.
  4. 4.Transfer and vesting of shares held by the Company in the specified companies.
  5. 5.General effect of vesting.
  6. 6.Central Government or the Government company not to liable for certain prior liabilities.
  7. 7.Power of Central Government to direct vesting of the undertakings of the Company in a Government company.
  8. 8.Payment of amounts to the Company and specified companies.
  9. 9.Management, etc., of the undertakings of the Company.
  10. 10.Duty of persons in charge of management of undertakings of the Company to deliver all assets, etc.
  11. 11.Continuance of employees.
  12. 12.Provident fund and other funds.
  13. 13.Appointment of Commissioner of Payments.
  14. 14.Payment by Central Government to the Commissioner.
  15. 15.Certain powers of Central Government or Government company.
  16. 16.Claims to be made to the Commissioner.
  17. 17.Priority of claims.
  18. 18.Examination of claims.
  19. 19.Admission or rejection of claims.
  20. 20.Disbursement of money by Commissioner to claimants.
  21. 21.Disbursement of amounts to the Company and possession of certain machinery, equipment, etc.
  22. 22.Undisbursed or unclaimed amount to be deposited to the general revenue account.
  23. 23.Act to have overriding effect.
  24. 24.Contracts to cease to have effect unless ratified by the Central Government or Government company.
  25. 25.Penalties.
  26. 26.Offences by companies.
  27. 27.Protection of action taken in good faith.
  28. 28.Delegation of powers.
  29. 29.Power to make rules.
  30. 30.Power to remove difficulties.
  31. 31.Repeal and saving.
  32. SCH-SCHEDULE I.SCHEDULE I
  33. SCH-SCHEDULE II.SCHEDULE II