Section 6
Transfer and vesting of Refractory Plant, etc., in the Bharat Refractories Limited.
The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978
About this Act
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.
(1) On
the appointed day, the undertakings of the following transferred units shall stand transferred to, and vest
in, the Bharat Refractories Limited, namely:--
(a) Ramgarh Refractory Plant of the Hindustan Steel Limited (situated near Ramgarh in the State of Bihar),
(b) Sillimanite Mines of the Hindustan Steel Limited (situated in the State of Meghalaya), and
(c) Refractory Project of the Hindustan Steel Limited (situated at Bhilai in the State of Madhya Pradesh).
(2) Notwithstanding anything contained in the Companies Act, as from the appointed day, the registered office of the Bharat Refractories Limited may remain at Bokaro Steel City or be transferred to Ranchi.
(a) Ramgarh Refractory Plant of the Hindustan Steel Limited (situated near Ramgarh in the State of Bihar),
(b) Sillimanite Mines of the Hindustan Steel Limited (situated in the State of Meghalaya), and
(c) Refractory Project of the Hindustan Steel Limited (situated at Bhilai in the State of Madhya Pradesh).
(2) Notwithstanding anything contained in the Companies Act, as from the appointed day, the registered office of the Bharat Refractories Limited may remain at Bokaro Steel City or be transferred to Ranchi.