Section 8

Payment of amount. Repealed

The Gresham and Craven of India (Private) Limited (Acquisition and Transfer of Undertakings) Act, 1977

  • Act 42 of 1977
  • Ministry of Heavy Industries and Public Enterprises
  • Department of Heavy Industry
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.

All sections
    For the transfer to, and vesting in, the Central Government, under section 3, of the undertakings of the Company and the right, title and interest of the Company in relation to its undertakings, there shall be given by the Central Government to the Company, in cash, and in the manner specified in Chapter VI, and amount of rupees one hundred and seventy-six lakhs.
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