Section 3
Transfer to, and vesting in, the Central Government of the undertakings of the two companies.
The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984
About this Act
An Act to provide for the acquisition and transfer of the undertakings of the Inchek Tyres Limited and the National Rubber Manufacturers Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of tyres, tubes and other rubber goods which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.
On the appointed day, the undertakings of each of the two companies, and the right, title
and interest of each of the two companies in relation to its undertakings, shall, by virtue of the Act, stand
transferred to, and shall vest in, the Central Government.