Section 3
Undertaking of the old company to vest in the Central Government.
The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972
About this Act
An Act to provide for the acquisition and transfer of the undertaking of the Richardson and Cruddas Limited, for the reconstruction of the register of its members and for matters connected therewith or incidental thereto.
On the appointed day,
the undertaking of the old company shall stand transferred to, and vest in, the Central Government, and
that Government shall, immediately thereafter, provide, by notification, for the transfer to, and vesting in,
of such undertaking in the new company.