The Air Corporations (Transfer of Undertakings and Repeal) Act

Short title and commencement

Definitions

Undertakings of corporations to vest in companies

General effect of vesting of undertakings in the companies

Licences, etc., to be deemed to have been granted to companies

Tax exemption or benefit to continue to have effect

Guarantee to be operative

Provisions in respect of officers and other employees of corporations

Power of Central Government to give directions

Power to remove difficulties

Repeal of Act 27 of 1953 and cesser of corporations

Repeal and saving

All sections

In this Act, unless the context otherwise requires,--

(a) "appointed day" means such date as the Central Government may, by notification in the
Official Gazette, appoint under section 3;

(b) "company" means "Indian Airlines Limited" or "Air India Limited" formed and registered
under the Companies Act, 1956 ( 1 of 1956);

(c) "corporations" means Indian Airlines and "Air India" established under section 3 of the Air
Corporations Act, 1953 (27 of 1953), and "corporation" means either of the corporations. 

LAWGIST

# 2 Definitions