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 12: Accounts and audit.
    The Custodian or Custodians of the undertakings of the Company shall maintain an account of the undertakings of the Company in such form and manner and under such conditions as may be prescribed and the provisions of the Companies Act, 1956 (1 of 1956), shall apply to the audit of the accounts so maintained as they apply to the audit of the accounts of a company.
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