Act 31 of 1981

The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981

An Act to provide for the acquisition and transfer of the undertakings of the Dalmia Dadri Cement Limited with a view to securing the proper management of such undertakings so as to subserve the interest of the general public by ensuring the continued manufacture, production and distribution of cement which is essential to the needs of the economy of the country and matters connected therewith or incidental thereto.

  • Ministry of Heavy Industries and Public Enterprises
  • Department of Heavy Industry
  • Enacted 1981-09-15
  • 32 sections
SectionTitle
1 Short title and commencement.Read
2 Definitions.Read
3 Transfer to, and vesting in, the Central Government of the undertakings of the Company.Read
4 General effect of vesting.Read
5 Central Government or Cement Corporation not to be liable for prior liabilities.Read
6 Power of Central Government to direct vesting of the undertakings of the Company in Cement Corporation.Read
7 Payment of amount.Read
8 Payment of further amount.Read
9 Management, etc., of the undertakings of the Company.Read
10 Duty to deliver possession of the undertakings of the Company and documents relating thereto.Read
11 Duty to furnish particulars.Read
12 Employment of certain employees to continue.Read
13 Provident fund and other funds.Read
14 Appointment of Commissioner of Payments.Read
15 Payment by the Central Government to the Commissioner.Read
16 Certain powers of the Central Government or Cement Corporation.Read
17 Claims to be made to the Commissioner.Read
18 Priority of claims.Read
19 Examination of claims.Read
20 Admission or rejection of claims.Read
21 Disbursement of money by the Commissioner to claimants.Read
22 Disbursement of amounts to the Company.Read
23 Undisbursed or unclaimed amount to be deposited to the general revenue account.Read
24 Act to have overriding effect.Read
25 Contracts to cease to have effect unless ratified by Central Government or Cement Corporation.Read
26 Protection of action taken in good faith.Read
27 Delegation of Powers.Read
28 Penalties.Read
29 Offences by companies.Read
30 Power to make rules.Read
31 Power to remove difficulties.Read
32 Repeal and saving.Read
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