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The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act

An Act to provide for the acquisition and transfer of the undertakings of the Hooghly Docking and Engineering Company Limited with a view to securing the better utilisation of the available infrastructure thereof, to modernise and increase the capacity for ship building and ship repairing so as to reduce the import of ships, vessels and craft and to augment the production of grey iron, non-ferrous and alloy castings by the said undertakings so as to subserve the interests of the general public by ensuring the continued supply of the said articles which are essential to the needs of the economy of the country, and for matters connected therewith and incidental thereto.
1984
List of Chapters & Sections

  1. PRELIMINARY

  2. 1
     Short title and commencement
  3. 2
     Definitions

  • ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE COMPANY

  • 3
     Transfer to, and vesting in, the Central Government of the undertakings of the Company
  • 4
     General effect of vesting
  • 5
     Power of Central Government to direct vesting of the undertakings of the Company in an existing Government Company
  • 6
     Transfer of undertakings of the Company from an existing Government company to a new Government company
  • 7
     Company to be liable for certain prior liabilities

  • PAYMENT OF AMOUNTS

  • 8
     Payment of amount
  • 9
     Payment of further amoun

  • MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE COMPANY

  • 10
     Management, etc., of the undertakings of the Compan
  • 11
     Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc
  • 12
     Duty of persons to account for assets, etc., in their possessio

  • PROVISIONS RELATING TO THE EMPLOYEES OF THE COMPANY

  • 13
     Continuance of employees
  • 14
     Provident fund and other funds

  • COMMISSIONER OF PAYMENTS

  • 15
     Appointment of Commissioner of Payments
  • 16
     Payment by the Central Government to the Commissione
  • 17
     Certain powers of the Central Government or the Government compan
  • 18
     Claims to be made to the Commissioner
  • 19
     Priority of claim
  • 20
     Examination of claim
  • 21
     Admission or rejection of claims
  • 22
     Disbursement of money by the Commissioner to claimants
  • 23
     Disbursement of amounts to the Company
  • 24
     Undisbursed or unclaimed amount to be deposited to the general revenue accoun

  • MISCELLANEOUS

  • 25
     Act to have overriding effect
  • 26
     Contracts to cease to have effect unless ratified by the Central Government or the Government company
  • 27
     Protection of action taken in good faith
  • 28
     Delegation of powers
  • 29
     Penaltie
  • 30
     Offences by companies
  • 31
     Power to make rule
  • 32
     Power to remove difficulties
  • 33
     Repeal and saving