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

With effect from the
appointed day, all licences, permits, quotas and exemptions granted to a corporation in connection with the affairs and business of that corporation under any law for the time being in force, shall be deemed to
have been granted to the company in which the undertaking of that corporation has vested.

LAWGIST

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