The BRITISH INDIA CORPORATION LIMITED (ACQUISITION OF SHARES) ACT, 1981

PRELIMINARY

Section 1 — Short title and commencement.

(1) This Act may be called the British India Corporation Limited (Acquisition of Shares) Act, 1981.

(2) It shall be deemed to have come into force on the 11th day of June, 1981.

Browse all 21 sections
  1. 1.Short title and commencement.
  2. 2.Definitions.
  3. 3.Transfer and vesting of shares of the Company in the Central Government.
  4. 4.Management of the Company.
  5. 5.Payment of amounts.
  6. 6.Appointment of Commissioner of Payments.
  7. 7.Payment by the Central Government to the Commissioner.
  8. 8.Claims to be made to the Commissioner.
  9. 9.Examination of claims.
  10. 10.Admission or rejection of claims.
  11. 11.Disbursement of money by the Commissioner to claimants.
  12. 12.Undisbursed or unclaimed amount to be deposited to the general revenue account.
  13. 13.Power of inspection.
  14. 14.Power of Commissioner to inquire into disputes as to amount.
  15. 15.Deposit of amount in court.
  16. 16.Act to have overriding effect.
  17. 17.Penalties.
  18. 18.Offences by companies.
  19. 19.Limitation of cognizance of offences.
  20. 20.Power to make rules.
  21. 21.Repeal and saving.