LawgistThe Sick Textile Undertakings (Nationalisation) Act
40Repeal and savings
(1) The Sick Textile Undertakings (Nationalisation) Ordinance, 1974 (Ord. 12 of 1974), as hereby repealed.
(2) Notwithstanding such repeal, anything done or any action taken under the Ordinance so repealed shall be deemed to have been done or taken under the corresponding provisions of this Act.
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MISCELLANEOUS
- 27 Assumption of liability
- 28 Management to continue to vest in the Custodian until alternative arrangements are made
- 29 Act to override all other enactments
- 30 Contracts to cease to have effect unless ratified by National Textile Corporation
- 31 Transfer of assets, etc., to be void in certain cases
- 32 Penalties
- 33 Offences by companies
- 34 Protection of action taken in good faith
- 35 Textile companies not to be wound up by the court
- 36 Delegation of powers
- 37 Power to make rules
- 38 Power to remove difficulties
- 39 Declaration as to the policy of the State
- 40 Repeal and savings
- 41 Validation
