Act 13 of 1994

The Air Corporations (Transfer of Undertakings and Repeal) Act, 1994

An Act to provide for the transfer and vesting of the undertakings of Indian Airlines and Air India respectively to and in the companies formed and registered as Indian Airlines Limited and Air India Limited and for matters connected therewith or incidental thereto and also to repeal the Air Corporations Act, 1953.

  • Ministry of Civil Aviation
  • Enacted 1994-03-21
  • 12 sections
SectionTitle
1 Short title and commencement. Read
2 Definitions. Read
3 Undertakings of corporations to vest in companies. Read
4 General effect of vesting of undertakings in the companies. Read
5 Licences, etc., to be deemed to have been granted to companies. Read
6 Tax exemption or benefit to continue to have effect. Read
7 Guarantee to be operative. Read
8 Provisions in respect of officers and other employees of corporations. Read
9 Power of Central Government to give directions. Read
10 Power to remove difficulties. Read
11 Repeal of Act 27 of 1953 and cesser of corporations. Read
12 Repeal and saving. Read
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