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

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

General effect of vesting

Companies to be liable for certain prior liabilities

Power of Central Government to direct vesting of the undertakings of the two companies in an  existing Government Company

Transfer of the undertakings of the two companies from an existing Government company to a  new Government compan


ACQUIAITON AND TRANSFER OF THE UNDERTAKINGS OF THE TWO COMPANIES


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

LAWGIST

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