Section 3

Undertakings of corporations to vest in companies.

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

  • Act 13 of 1994
  • Ministry of Civil Aviation
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.

All sections
    On such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be transferred to, and vest in,--
         (a) Indian Airlines Limited, the undertaking of Indian Airlines; and
         (b) Air India Limited, the undertaking of Air India.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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