Section 11
Repeal of Act 27 of 1953 and cesser of corporations.
The Air Corporations (Transfer of Undertakings and Repeal) Act, 1994
About this Act
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.
(1) On the appointed day, the Air
Corporations Act, 1953 shall stand repealed.
(2) The corporations shall, with the repeal of the Air Corporations Act, 1953, cease to exist.
(2) The corporations shall, with the repeal of the Air Corporations Act, 1953, cease to exist.