Section 3
Transfer to, and vesting in, the Central Government of the undertakings of the Company. Repealed
The Transformer and Switchgear Limited (Acquisition and Transfer of Undertakings) Act, 1983
About this Act
An Act to provide for the acquisition and transfer of the undertakings of the Transformer and Switchgear Limited with a view to securing the better utilisation of the available infrastructure thereof and to modernise and augment the production of transformers, switchgears and other allied electrical equipments by the said undertakings so as to subserve the interests of the general public be ensuring the continued supply of the aforesaid articles 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 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 vest in, the Central Government.