Act Number: 71

Act Name: The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982

Year: 1982

Enactment Date: 1982-11-13

Long Title: An Act to provide for the acquisition and transfer of the undertakings of the Andhra Scientific Company 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 continuity of production of scientific instruments which are vital to the needs of the country and for matters connected therewith or incidental thereto.

Ministry: Ministry of Defence

Department: Department of Defence Production

Section 2: Definitions.
    In this Act, unless the context otherwise requires,--
         (a) "appointed day" means the 1st day of July, 1981;
         (b) "Commissioner" means the Commissioner of Payments appointed under section 15;
         (c) "Company" means the Andhra Scientific Company Limited, a company within the meaning of the Companies Act, 1956 (1 of 1956), and having its registered office at Machilipatnam in the State of Andhra Pradesh;
         (d) "Custodian" means the Custodian appointed under sub-section (2) of section 9 to take over, or carry on, the management of the Company;
         (e) "notification" means a notification published in the Official Gazette;
         (f) "prescribed" means prescribed by rules made under this Act;
         (g) "specified date", in relation to any provision of this Act, means such date as the Central Government may, by notification, specify for the purposes of that provision and different dates may be specified for different provisions of this Act;
         (h) "the Government company" means the Government company in which the undertakings of the Company are directed to vest under sub-section (1) of section 6;
         (i) words and expressions used herein and not defined but defined in the Companies Act, 1956 (1 of 1956), shall have the meanings, respectively, assigned to them in that Act.
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