The JUTE COMPANIES (NATIONALISATION) ACT, 1980

PRELIMINARY

Section 1 — Short title.

This Act may be called the Jute Companies (Nationalisation) Act, 1980.

Browse all 35 sections
  1. 1.Short title.
  2. 2.Definitions.
  3. 3.Transfer to, and vesting in, the Central Government of the undertakings of the jute companies.
  4. 4.General Power of vesting.
  5. 5.Jute companies to be liable for certain prior liabilities.
  6. 6.Power of Central Government to direct vesting of the undertakings of the jute companies in Jute Manufactures Corporation.
  7. 7.Payment of amount.
  8. 8.Payment of further amount.
  9. 9.Management, etc., of the undertakings of the jute companies.
  10. 10.Duty of persons in charge of management of the undertakings to deliver all assets, etc.
  11. 11.Duty of persons to account for assets, etc., in their possession.
  12. 12.Continuance of employees.
  13. 13.Provident fund and other funds.
  14. 14.Appointment of Commissioner of Payments.
  15. 15.Payment by Central Government to the Commissioner.
  16. 16.Certain powers of Central Government or Jute Manufactures Corporation.
  17. 17.Claims to be made to the Commissioner.
  18. 18.Priority of Claims.
  19. 19.Examination of claims.
  20. 20.Admission or rejection of claims.
  21. 21.Disbursement of money by the Commissioner.
  22. 22.Disbursement of amounts to the jute companies.
  23. 23.Undisbursed or unclaimed amounts to be deposited with the general revenue account.
  24. 24.Act to have overriding effect.
  25. 25.Assumption of liability.
  26. 26.Management to continue to vest in certain persons until alternative arrangements have been made.
  27. 27.Contracts to cease to have effect unless ratified by the Central Government or Jute Manufactures Corporation.
  28. 28.Penalties.
  29. 29.Offences by companies.
  30. 30.Protection of action taken in good faith.
  31. 31.Delegation of powers.
  32. 32.Power to make rules.
  33. 33.Power to remove difficulties.
  34. SCH-THE FIRST SCHEDULE.THE FIRST SCHEDULE
  35. SCH-THE SECOND SCHEDULE.THE SECOND SCHEDULE