Section 9
Management, etc., of Mokameh unit and the undertakings of Arthur Butler and Company.
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 appointed day, the general superintendence, direction, control and management of the affairs and
business of the Mokameh unit and of the undertakings owned by Arthur Butler and Company shall--
(a) where a direction has been made by the Central Government under section 5, vest in the Government company specified in such direction, or
(b) where no such direction has been made, vest in such person or body of persons as may be appointed by the Central Government in this behalf,
and thereupon the Government company so specified or the person or body of persons so appointed, as the case may be, shall be entitled to exercise all such powers and do all such things as Britannia Engineering Company is authorised to exercise and do in relation to its Mokameh unit or, as the case may be, Arthur Butler and Company is authorised to exercise and do in relation to the undertakings owned by it.
(a) where a direction has been made by the Central Government under section 5, vest in the Government company specified in such direction, or
(b) where no such direction has been made, vest in such person or body of persons as may be appointed by the Central Government in this behalf,
and thereupon the Government company so specified or the person or body of persons so appointed, as the case may be, shall be entitled to exercise all such powers and do all such things as Britannia Engineering Company is authorised to exercise and do in relation to its Mokameh unit or, as the case may be, Arthur Butler and Company is authorised to exercise and do in relation to the undertakings owned by it.