Section 8
Duty of persons in charge of management of the undertakings of the two specified companies to deliver all assets, etc.
About this Act
An Act to provide for the acquisition of the undertakings of the Chaparmukh-Silghat Railway Company Limited in relation to the Chaparmukh-Silghat Railway Line and the undertakings of the Katakhal-Lalabazar Railway Company Limited in relation to the Katakhal-Lalabazar Railway Line with a view to securing the efficient operation of the said Railway lines so as to subserve the needs of the north-eastern areas of India and to protect the links of communication between the said areas and the rest of the country and for matters connected therewith or incidental thereto.
On the vesting of the undertakings of the two specified companies in the
Central Government, all persons in charge of the management of the undertakings immediately before
such vesting, shall be bound to deliver to the Central Government all assets, books of account, registers or
other documents in their custody relating to the undertakings.