The Textile Undertakings (Nationalisation) Act

Assumption of liability

Management to continue to vest in the custodian until alternative arrangements are made

Act to override all other enactments

Contracts to cease to have effect unless ratified by the National Textile Corporation

Penalties

Offences by companies

Protection of action taken in good faith

Textile companies not to be wound up by the court

Delegation of powers

Power to make rules

Power to remove difficulties

Repeal and saving

Validation


MISCELLANEOUS


No suit, prosecution or other legal proceeding shall
lie against the Central Government or any officer of that Government or the Custodian or the National
Textile Corporation or any subsidiary textile corporation or any officer or other person authorised by
either of such Corporations for anything which is in good faith done or intended to be done under this
Act. 

LAWGIST

# 33 Protection of action taken in good faith