Section 12
Duty of persons in charge of management of Mokameh unit or undertakings of Arthur Butler and Company to deliver assets, etc.
About this Act
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.
On the vesting in the Central Government or the
Government company of the management of the Mokameh unit or of any undertakings owned by Arthur
Butler and Company, all persons in charge of the management of the Mokameh unit or, as the case may
be, the undertakings owned by Arthur Butler and Company immediately before the date of such vesting,
shall be bound to deliver to the Central Government or the Government company or to such person or
body or persons as the Central Government or the Government company may specify in this behalf, all
assets, books of account, registers or other documents in their custody relating to the Mokameh unit or, as
the case may be, any undertaking owned by Arthur Butler and Company.