The Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act

Management, etc., of the textile undertakings

Special provision for disposal of assets of the textile undertakings in certain circumstances

Duty of persons in charge of management of the textile undertakings to deliver all assets, etc


MANAGEMENT, ETC., OF THE TEXTILE UNDERTAKINGS


On the vesting of a textile undertaking in the National Textile Corporation, all persons in charge of
the management of a textile undertaking immediately before such vesting shall be bound to deliver to the
National Textile Corporation, all assets, books of account, registers or other documents in their custody
relating to the textile undertaking.

LAWGIST

# 11 Duty of persons in charge of management of the textile undertakings to deliver all assets, etc