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The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act

An Act to provide for the acquisition and transfer of the undertakings of the Inchek Tyres Limited and the National Rubber Manufacturers Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of tyres, tubes and other rubber goods which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.
1984
List of Chapters & Sections

  1. PRELIMINARY

  2. 1
     Short title and commencement
  3. 2
     Definitions

  • ACQUIAITON AND TRANSFER OF THE UNDERTAKINGS OF THE TWO COMPANIES

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

  • PAYMENT OF AMOUNTS

  • 8
     Payment of amount
  • 9
     Payment of further amounts

  • MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE TWO COMPANIES

  • 10
     Management, etc., of the undertakings of the two companies
  • 11
     Duty of persons in charge of management of undertakings of the two companies to deliver all assets, etc
  • 12
     Duty of persons to account for assets, etc., in their possession

  • PROVISIONS RELATING TO EMPLOYEES OF THE TWO COMPANIES

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

  • COMMISSIONER OF PAYMENTS

  • 15
     Appointment of Commissioner of Payments
  • 16
     Payment by Central Government to the Commissioner
  • 17
     Certain powers of Central Government or existing, or new, Government company
  • 18
     Claims to be made to the Commissioner
  • 19
     Priority of claims
  • 20
     Examination of claims
  • 21
     Admission or rejection of claims
  • 22
     Disbursement of money by Commissioner
  • 23
     Disbursement of amounts to the companies
  • 24
     Undisbursed or unclaimed amount to be deposited with the general revenue account

  • MISCELLANEOUS

  • 25
     Act to have over-riding effect
  • 26
     Contracts to cease to have effect unless ratified by the Central Government or existing, or New, Government company
  • 27
     Penalties
  • 28
     Offences by companies
  • 29
     Protection of action taken in good faith
  • 30
     Delegation of powers
  • 31
     Power to make rules
  • 32
     Power to remove difficulties
  • 33
     Repeal and saving