Act 41 of 1978

The Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act, 1978

An Act to provide for the acquisition and transfer of the right, title and interest of the undertakings of Britannia Engineering Company in relation to the Mokameh unit owned by it and the right, title and interest of Arthur Butler and Company in relation to the undertakings owned by it, with a view to ensuring the continued manufacture of railway wagons and other goods essential to the needs of the country in general and the Railways in particular, and for matters connected therewith or incidental thereto.

  • Ministry of Railways
  • Enacted 1978-12-08
  • 33 sections
SectionTitle
1 Short title and commencement.Read
2 Definitions.Read
3 Vesting in the Central Government of Mokameh unit and undertakings of Arthur Butler and Company.Read
4 General effect of vesting.Read
5 Power of Central Government to direct vesting of Mokameh unit and the undertakings of Arthur Butler and Company in a Government company.Read
6 Britannia Engineering Company and Arthur Butler and Company to be liable for certain prior liabilities.Read
7 Payment of amount.Read
8 Payment of further amount.Read
9 Management, etc., of Mokameh unit and the undertakings of Arthur Butler and Company.Read
10 Duty to deliver possession of Mokameh unit and undertakings of Arthur Butler and Company.Read
11 Duty of the companies to furnish particulars.Read
12 Duty of persons in charge of management of Mokameh unit or undertakings of Arthur Butler and Company to deliver assets, etc.Read
13 Employment of employees to continue.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 Commissioner.Read
23 Disbursement of amounts to Britannia Engineering Company and Arthur Butler and Company.Read
24 Undisbursed or unclaimed amount to be deposited with the General Revenue Account.Read
25 Act have overriding effect.Read
26 Contracts to cease to have effect unless ratified by the Central Government or the 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
33 Declaration as to the policy of the State.Read
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