The METAL CORPORATION (NATIONALISATION AND MISCELLANEOUS PROVISIONS) ACT, 1976

PRELIMINARY

Section 1 — Short title and commencement.

(1) This Act may be called the Metal Corporation (Nationalisation and Miscellaneous Provisions) Act, 1976.

(2) Sections 20 and 21 shall come into force at once and the other provisions of this Act shall be deemed to have come into force on the 22nd day of October, 1965.

Browse all 25 sections
  1. 1.Short title and commencement.
  2. 2.Definitions.
  3. 3.“Undertaking”—meaning of.
  4. 4.Taking over of management of the undertaking of the Metal Corporation.
  5. 5.Appointment of Administrator to take over the management of the undertaking.
  6. 6.Application of Act 1 of 1956.
  7. 7.Vesting of the undertaking of the Metal Corporation in the Central Government.
  8. 8.Central Government to be the lessee of the State Government.
  9. 9.Power of Central Government to direct vesting of the undertaking of the Metal Corporation in a Government company.
  10. 10.Payment of amount for deprivation of management.
  11. 11.Payment of amount for acquisition of the undertaking.
  12. 12.Time of payment.
  13. 13.Management, etc., of the undertaking.
  14. 14.Provisions relating to employees.
  15. 15.Provident and other funds.
  16. 16.Act to have overriding effect.
  17. 17.Contracts in bad faith may be cancelled or varied.
  18. 18.Protection of action taken in good faith.
  19. 19.Delegation of powers.
  20. 20.Penalties.
  21. 21.Offences by companies.
  22. 22.Power to make rules.
  23. 23.Power to remove difficulties.
  24. 24.Abolition of Tribunal, etc.
  25. 25.Repeal of Ordinance and saving.