Act 55 of 1984

The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984

An Act to provide for the acquisition and transfer of the undertakings of the Hooghly Docking and Engineering Company Limited with a view to securing the better utilisation of the available infrastructure thereof, to modernise and increase the capacity for ship building and ship repairing so as to reduce the import of ships, vessels and craft and to augment the production of grey iron, non-ferrous and alloy castings by the said undertakings so as to subserve the interests of the general public by ensuring the continued supply of the said articles which are essential to the needs of the economy of the country, and for matters connected therewith and incidental thereto.

  • Ministry of Shipping
  • Enacted 1984-08-23
  • 33 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 Power of Central Government to direct vesting of the undertakings of the Company in an existing Government Company. Read
6 Transfer of undertakings of the Company from an existing Government company to a new Government company. Read
7 Company to be liable for certain prior liabilities. Read
8 Payment of amount. Read
9 Payment of further amount Read
10 Management, etc., of the undertakings of the CompanyRead
11 Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc.Read
12 Duty of persons to account for assets, etc., in their possessionRead
13 Continuance of employees.Read
14 Provident fund and other funds.Read
15 Appointment of Commissioner of Payments.Read
16 Payment by the Central Government to the CommissionerRead
17 Certain powers of the Central Government or the Government companyRead
18 Claims to be made to the Commissioner.Read
19 Priority of claimsRead
20 Examination of claimsRead
21 Admission or rejection of claims.Read
22 Disbursement of money by the Commissioner to claimants.Read
23 Disbursement of amounts to the Company.Read
24 Undisbursed or unclaimed amount to be deposited to the general revenue accountRead
25 Act to have overriding effect.Read
26 Contracts to cease to have effect unless ratified by the Central Government or the Government company.Read
27 Protection of action taken in good faith.Read
28 Delegation of powers.Read
29 PenaltiesRead
30 Offences by companies.Read
31 Power to make rulesRead
32 Power to remove difficulties.Read
33 Repeal and saving.Read
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