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LAWGIST

The Chaparmukh-Silghat Railway Line and the Katakhal-Lalabazar Railway Line (Nationalisation) Act

An Act to provide for the acquisition of the undertakings of the Chaparmukh-Silghat Railway Company Limited in relation to the Chaparmukh-Silghat Railway Line and the undertakings of the Katakhal-Lalabazar Railway Company Limited in relation to the Katakhal-Lalabazar Railway Line with a view to securing the efficient operation of the said Railway lines so as to subserve the needs of the north-eastern areas of India and to protect the links of communication between the said areas and the rest of the country and for matters connected therewith or incidental thereto.
1982
List of Chapters & Sections

  1. PRELIMINARY

  2. 1
     Short title
  3. 2
     Definitions

  • ACQUISITION OF THE UNDERTAKINGS OF THE TWO SPECIFIED COMPANIES

  • 3
     Transfer to, and vesting in the Central Government of the undertakings of the two specified companies
  • 4
     General effect of vesting
  • 5
     Owners of the two specified companies to be liable for certain prior liabilities

  • PAYMENT OF AMOUNT

  • 6
     Payment of amount
  • 7
     Interest

  • DUTY OF PERSONS IN CHARGE OF MANAGEMENT OF THE UNDERTAKINGS OF THE TWO SPECIFIED COMPANIES TO DELIVER ALL ASSETS, ETC.

  • 8
     Duty of persons in charge of management of the undertakings of the two specified companies to deliver all assets, etc
  • 9
     Duty of persons to account for assets, etc., in their possession

  • MISCELLANEOUS

  • 10
     Act to have overriding effect
  • 11
     Penalties
  • 12
     Offences by companie
  • 13
     Protection of action taken in good faith
  • 14
     Delegation of powers
  • 15
     Power to make rules
  • 16
     Power to remove difficulties