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The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978 Act 16 of 1978
The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978 An Act to provide for restructuring of the iron and steel companies in the public sector so as to secure better management and greater efficiency in their working and for matters connected therewith or incidental thereto.
Section Title 1
Short title and commencement. Read 2
Definitions. Read 3
“Undertaking”— meaning of. Read 4
Dissolution, transfer and vesting of undertakings of certain companies in Integral Company. Read 5
Transfer and vesting of Kiriburu Iron Ore Mines, etc., in Integral Company. Read 6
Transfer and vesting of Refractory Plant, etc., in the Bharat Refractories Limited. Read 7
Transfer of immovable properties of Hindustan Steel Limited to Metallurgical and Engineering Consultants (India) Limited. Read 8
Transfer of shares held by Bokaro Steel Limited to Central Government. Read 9
Transfer of shares held by Integral Company to Central Government. Read 10
Transfer of shares held by Integral Company to Bharat Refractories Limited. Read 11
Transfer of shares held by Central Government to Integral Company. Read 12
Central Government, etc., deemed to be registered in the register of members of companies. Read 13
Power of Central Government to modify amount of paid-up share capital of Integral Company, etc., and issue of shares. Read 14
Provisions relating to officers and other employees of dissolved companies. Read 15
Provisions relating to officers and employees of transferred units. Read 16
Provisions relating to directors. Read 17
Provision relating to auditors. Read 18
Compensation for transfer not payable. Read 19
Provident Fund. Read 20
Gratuity, welfare and other funds. Read 21
Provisions with respect to income-tax and surtax. Read 22
Taxes, fees and other charges not payable. Read 23
Saving of contracts, etc. Read 24
Saving of legal proceedings. Read 25
Power to remove difficulties. Read 26
Act to override the provisions of other laws. Read 27
Power to amend memorandum and articles of association. Read
