The Air Corporations (Transfer of Undertakings and Repeal) Act
An Act to provide for the transfer and vesting of the undertakings of Indian Airlines and Air India respectively to and in the companies formed and registered as Indian Airlines Limited and Air India Limited and for matters connected therewith or incidental thereto and also to repeal the Air Corporations Act, 1953.1994
List of Chapters & Sections
All sections
1Short title and commencement2Definitions3Undertakings of corporations to vest in companies4General effect of vesting of undertakings in the companies5Licences, etc., to be deemed to have been granted to companies6Tax exemption or benefit to continue to have effect7Guarantee to be operative8Provisions in respect of officers and other employees of corporations9Power of Central Government to give directions10Power to remove difficulties11Repeal of Act 27 of 1953 and cesser of corporations12Repeal and saving