Section 9
Management, etc., of the undertakings of the Company.
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.
The general superintendence,
direction, control and management of the affairs and business of the undertakings of the Company, the
right, title and interest in relation to which have vested in the Central Government under section 3, shall,
where a direction has been made by the Central Government under sub-section (1) of section 6, vest in the
Cement Corporation, and thereupon the Cement Corporation shall be entitled to exercise, to the exclusion
of all other persons, all such powers and do all such things as the Company was authorised to exercise
and 1
[do in relation to its undertakings, including the power to dispose off the assets of the undertakings
of the Company vested upon it, by the notification of the Government of India, in the Ministry of Industry
(Department of Industrial Development) number S.O. 502(E), dated the 23rd June, 1981, under
sub-section (1) of section 6, if such disposal of the assets is considered necessary by the Cement
Corporation due to legal or financial considerations].
Notes
1. Subs. by Act 3 of 2007, s. 2, for "do in relation to its undertakings" (w.e.f. 29-12-2006).