Section 6
Power of Central Government to direct vesting of the undertakings of the Company in Cement Corporation.
The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981
About this Act
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.
(1) Notwithstanding anything contained in sections 3 and 4, the Central
Government may, subject to such terms and conditions as it may think fit to impose, direct, by
notification, that the undertakings of the Company, and the right, title and interest of the Company in
relation to its undertakings, which have vested in the Central Government under section 3, shall, instead
of continuing to vest in the Central Government, vest in the Cement Corporation either on the date of the
notification or on such earlier or later date (not being a date earlier than the appointed day) as may be
specified in the notification.
(2) Where the right, title and interest of the Company, in relation to its undertakings, vest in the Cement Corporation under sub-section (1), the Cement Corporation shall, on and from the date of such vesting, be deemed to have become the owner in relation to such undertakings, and all the rights and liabilities of the Central Government in relation to such undertakings shall, on and from the date of such vesting, be deemed to have become the rights and liabilities of the Cement Corporation.
(2) Where the right, title and interest of the Company, in relation to its undertakings, vest in the Cement Corporation under sub-section (1), the Cement Corporation shall, on and from the date of such vesting, be deemed to have become the owner in relation to such undertakings, and all the rights and liabilities of the Central Government in relation to such undertakings shall, on and from the date of such vesting, be deemed to have become the rights and liabilities of the Cement Corporation.