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The Chaparmukh-Silghat Railway Line and the Katakhal-Lalabazar Railway Line (Nationalisation) Act

# 3    Transfer to, and vesting in the Central Government of the undertakings of the two specified companies

On the appointed day, the undertakings of each of the two specified companies and the right, title and interest of each of the two specified companies in relation to such undertakings shall, by virtue of this Act, stand transferred to, and vest in, the Central Government.

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ACQUISITION OF THE UNDERTAKINGS OF THE TWO SPECIFIED COMPANIES
  • 4
     General effect of vesting
  • 5
     Owners of the two specified companies to be liable for certain prior liabilities
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