The British India Corporation Limited (Acquisition of Shares) Act `1981
An Act to provide for the acquisition of certain shares of the British India Corporation Limited with a view to securing the proper management of the affairs of the Company and the continuity and development of the production of goods which are vital to the needs of the country and for matters connected therewith or incidental thereto.
List of Chapters & Sections
PRELIMINARY
ACQUISITION OF THE SHARES OF THE COMPANY
- 3Transfer and vesting of shares of the Company in the Central Government
- 4Management of the Company
- 5Payment of amounts
- 6Appointment of Commissioner of Payments
- 7Payment by the Central Government to the Commissioner
- 8Claims to be made to the Commissioner
- 9Examination of claims
- 10Admission or rejection of claims
- 11Disbursement of money by the Commissioner to claimants
- 12Undisbursed or unclaimed amount to be deposited to the general revenue account
- 13Power of inspection
- 14Power of Commissioner to inquire into disputes as to amount
- 15Deposit of amount in court
MISCELLANEOUS