LawgistThe Air Corporations (Transfer of Undertakings and Repeal) Act
2Definitions
In this Act, unless the context otherwise requires,--
(a) "appointed day" means such date as the Central Government may, by notification in the Official Gazette, appoint under section 3;
(b) "company" means "Indian Airlines Limited" or "Air India Limited" formed and registered under the Companies Act, 1956 ( 1 of 1956);
(c) "corporations" means Indian Airlines and "Air India" established under section 3 of the Air Corporations Act, 1953 (27 of 1953), and "corporation" means either of the corporations.
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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
