The BRITANNIA ENGINEERING COMPANY LIMITED (MOKAMEH UNIT) AND THE ARTHUR BUTLER AND COMPANY (MUZAFFARPORE) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1978

PRELIMINARY

Section 1 — Short title and commencement.

(1) This Act may be called the Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act, 1978.

(2) The provisions of sections 27 and 28 shall come into force at once and the remaining provisions of this Act shall be deemed to have come into force on the 1st day of April, 1978.

Browse all 35 sections
  1. 1.Short title and commencement.
  2. 2.Definitions.
  3. 3.Vesting in the Central Government of Mokameh unit and undertakings of Arthur Butler and Company.
  4. 4.General effect of vesting.
  5. 5.Power of Central Government to direct vesting of Mokameh unit and the undertakings of Arthur Butler and Company in a Government company.
  6. 6.Britannia Engineering Company and Arthur Butler and Company to be liable for certain prior liabilities.
  7. 7.Payment of amount.
  8. 8.Payment of further amount.
  9. 9.Management, etc., of Mokameh unit and the undertakings of Arthur Butler and Company.
  10. 10.Duty to deliver possession of Mokameh unit and undertakings of Arthur Butler and Company.
  11. 11.Duty of the companies to furnish particulars.
  12. 12.Duty of persons in charge of management of Mokameh unit or undertakings of Arthur Butler and Company to deliver assets, etc.
  13. 13.Employment of employees to continue.
  14. 14.Provident fund and other funds.
  15. 15.Appointment of Commissioner of Payments.
  16. 16.Payment by Central Government to the Commissioner.
  17. 17.Certain powers of the Central Government or Government company.
  18. 18.Claims to be made to the Commissioner.
  19. 19.Priority of claims.
  20. 20.Examination of claims.
  21. 21.Admission or rejection of claims.
  22. 22.Disbursement of money by Commissioner.
  23. 23.Disbursement of amounts to Britannia Engineering Company and Arthur Butler and Company.
  24. 24.Undisbursed or unclaimed amount to be deposited with the General Revenue Account.
  25. 25.Act have overriding effect.
  26. 26.Contracts to cease to have effect unless ratified by the Central Government or the Government company.
  27. 27.Penalties.
  28. 28.Offences by companies.
  29. 29.Protection of action taken in good faith.
  30. 30.Delegation of Powers.
  31. 31.Power to make rules.
  32. 32.Power to remove difficulties.
  33. 33.Declaration as to the policy of the State.
  34. SCH-THE FIRST SCHEDULE.THE FIRST SCHEDULE
  35. SCH-THE SECOND SCHEDULE.THE SECOND SCHEDULE