The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act
An Act to provide for the acquisition and transfer of the undertaking of the Richardson and Cruddas Limited, for the reconstruction of the register of its members and for matters connected therewith or incidental thereto.1972
List of Chapters & Sections
All sections
1Short title2Definitions3Undertaking of the old company to vest in the Central Government4General effect of meeting5Duty to deliver possession of property acquired and documents relating thereto6Duty to furnish particulars7Transfer of employees of the old company8Payment of amount9Formation and registration of a new company10Management of the old company11Custodian to be public servant12Vacation of office by directors, etc., of the old company13Constitution of a Tribunal14Tribunal to call upon persons to make claims15Determination of genuine shares16No compensation for cancellation of spurious shares17Power of Tribunal to entertain and dispose of claims for reimbursement18Suits and legal proceedings, not to be commenced or proceeded with19Decision of the Tribunal to be final20Custodian to reconstruct register of members of the old company21Custodian to issue fresh share certificates22No annual general meeting of the old company to be held before the reconstruction of the register of members23Custodian to file accounts until reconstruction of the register of members of the old company24Penalties25Offences by companies26Offences to be triable by a Magistrate of the first class and not to be compoundable27Protection of action taken in good faith28Contracts, etc., in bad faith may be cancelled or varied29Power to terminate contract of employment30Power to remove difficulty31Power to make rules