LawgistThe Air Corporations (Transfer of Undertakings and Repeal) Act
12Repeal and saving
(1) The Air Corporations (Transfer of Undertakings and Repeal) Ordinance, 1994 (Ord. 4 of 1994) is hereby repealed.
(2) Notwithstanding such repeal of the Air Corporations (Transfer of Undertakings and Repeal) Ordinance, 1994 (Ord. 4 of 1994), anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.
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All sections
- 1 Short title and commencement
- 2 Definitions
- 3 Undertakings of corporations to vest in companies
- 4 General effect of vesting of undertakings in the companies
- 5 Licences, etc., to be deemed to have been granted to companies
- 6 Tax exemption or benefit to continue to have effect
- 7 Guarantee to be operative
- 8 Provisions in respect of officers and other employees of corporations
- 9 Power of Central Government to give directions
- 10 Power to remove difficulties
- 11 Repeal of Act 27 of 1953 and cesser of corporations
- 12 Repeal and saving
