Section 3
Transfer of and vesting in the Central Government of the undertakings of the Company. Repealed
About this Act
An Act to provide for the acquisition and transfer of the undertakings of Messrs. Gresham and Craven of India (Private) Limited for the purpose of ensuring the continuity of production of goods which are vital to the needs of the Railways and of the industries manufacturing engineering products and for matters connected therewith or incidental thereto.
On the appointed day, the undertakings of the Company, and the right, title and interest of the Company
in relation to its undertakings, shall, by virtue of this Act, stand transferred to, and shall vest in, the
Central Government.