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Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act
An Act to provide for the acquisition and transfer of the undertakings of the Dalmia Dadri Cement Limited with a view to securing the proper management of such undertakings so as to subserve the interest of the general public by ensuring the continued manufacture, production and distribution of cement which is essential to the needs of the economy of the country and matters connected therewith or incidental thereto.
| Act Id | 198131 |
| Act Number | 31 |
| Enactment Date | 1981-09-15 |
| Act Year | 1981 |
| Ministry | Ministry of Heavy Industries and Public Enterprises |
| Enforcement Date | 23-06-1981 |
- PRELIMINARY
- ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE COMPANY
- 3 Transfer to, and vesting in, the Central Government of the undertakings of the Company
- 4 General effect of vesting
- 5 Central Government or Cement Corporation not to be liable for prior liabilities
- 6 Power of Central Government to direct vesting of the undertakings of the Company in Cement Corporation
- PAYMENT OF AMOUNTS
- MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE COMPANY
- PROVISIONS RELATING TO THE EMPLOYEES OF THE COMPANY
- COMMISSIONER OF PAYMENTS
- 14 Appointment of Commissioner of Payments
- 15 Payment by the Central Government to the Commissioner
- 16 Certain powers of the Central Government or Cement Corporation
- 17 Claims to be made to the Commissioner
- 18 Priority of claims
- 19 Examination of claims
- 20 Admission or rejection of claims
- 21 Disbursement of money by the Commissioner to claimants
- 22 Disbursement of amounts to the Company
- 23 Undisbursed or unclaimed amount to be deposited to the general revenue account
- MISCELLANEOUS
- 24 Act to have overriding effect
- 25 Contracts to cease to have effect unless ratified by Central Government or Cement Corporation
- 26 Protection of action taken in good faith
- 27 Delegation of Powers
- 28 Penalties
- 29 Offences by companies
- 30 Power to make rules
- 31 Power to remove difficulties
- 32 Repeal and saving
