Section 3
Transfer to and vesting in Central Government of the undertakings of the Company. Repealed
The Smith, Stanistreet and Company Limited (Acquisition and Transfer of Undertakings) Act, 1977
About this Act
An Act to provide for, in the public interest, the acquisition and transfer of the right, title and interest of the undertakings of Messrs. Smith, Stanistreet and Company Limited, Calcutta 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, be transferred to, and shall vest in, the Central
Government.