Section 6
Power of Central Government to direct vesting of the undertakings of the Company in a Government company.
The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982
About this Act
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.
(1) Notwithstanding anything contained in sections 3 and 4, the Central
Government may, subject to such terms and conditions as it may think fit to impose, direct, by
notification, that the undertakings of the Company and the right, title and interest of the Company in
relation to its undertakings, which have vested in that Government under section 3, shall, instead of
continuing to vest in the Central Government, vest in a Government company either on the date of the
notification or on such earlier or later date (not being a date earlier than the appointed day) as may be
specified in the notification.
(2) Where the right, title and interest of the Company, in relation to its undertakings, vest in a Government company under sub-section (1), the Government company shall, on and from the date of such vesting, be deemed to have become the owner in relation to such undertakings, and all the rights and liabilities of the Central Government in relation to such undertakings shall, on and from the date of such vesting, be deemed to have become the rights and liabilities of the Government company.
(2) Where the right, title and interest of the Company, in relation to its undertakings, vest in a Government company under sub-section (1), the Government company shall, on and from the date of such vesting, be deemed to have become the owner in relation to such undertakings, and all the rights and liabilities of the Central Government in relation to such undertakings shall, on and from the date of such vesting, be deemed to have become the rights and liabilities of the Government company.