Section 2
Disinvestment in the company.
The Tyre Corporation of India Limited (Disinvestment of Ownership) Act, 2007
About this Act
An Act to provide for disinvestment of Government's equity in the Tyre Corporation of India Limited and for matters connected therewith or incidental thereto.
Where the Central Government, on the recommendations of the
Board for Reconstruction of Public Sector Enterprises, is of the opinion that disinvestment is to be made
in the Tyre Corporation of India Limited (hereinafter referred to as the company), it may pass an order
providing for transfer, exchange or relinquishment of shares in the company to any person on such terms
and conditions as may be agreed upon.