Act 71 of 1982

The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982

An Act to provide for the acquisition and transfer of the undertakings of the Andhra Scientific Company Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continuity of production of scientific instruments which are vital to the needs of the country and for matters connected therewith or incidental thereto.

Ministry of Defence
Department of Defence Production
Enacted 1982-11-13
32 sections

Section	Title
1	Short title and commencement.	Read
2	Definitions.	Read
3	Transfer to, and vesting in, the Central Government of the undertakings of the Company.	Read
4	General effect of vesting.	Read
5	Company to be liable for certain prior liabilities.	Read
6	Power of Central Government to direct vesting of the undertakings of the Company in a Government company.	Read
7	Payment of amount.	Read
8	Payment of further amounts.	Read
9	Management, etc., of the undertakings of the Company.	Read
10	Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc.	Read
11	Duty of persons to account for assets, etc., in their possession.	Read
12	Accounts and audit.	Read
13	Continuance of employees.	Read
14	Provident fund and other funds.	Read
15	Appointment of Commissioner of Payments.	Read
16	Payment by Central Government to the Commissioner.	Read
17	Certain powers of the Central Government or Government company.	Read
18	Claims to be made to the Commissioner.	Read
19	Priority of claims.	Read
20	Examination of claims.	Read
21	Admission or rejection of claims.	Read
22	Disbursement of money by the Commissioner.	Read
23	Disbursement of amounts to the Company.	Read
24	Undisbursed or unclaimed amount to be deposited with the general revenue account.	Read
25	Act to have overriding effect.	Read
26	Contracts to cease to have effect unless ratified by Central Government or Government company.	Read
27	Penalties.	Read
28	Offences by companies.	Read
29	Protection of action taken in good faith.	Read
30	Delegation of powers.	Read
31	Power to make rules.	Read
32	Power to remove difficulties.	Read