Act Number: 29

Act Name: The British India Corporation Limited (Acquisition of Shares) Act, 1981

Year: 1981

Enactment Date: 1981-09-11

Long Title: An Act to provide for the acquisition of certain shares of the British India Corporation Limited with a view to securing the proper management of the affairs of the Company and the continuity and development of the production of goods which are vital to the needs of the country and for matters connected therewith or incidental thereto.

Ministry: Ministry of Textiles

Department:

Section 4: Management of the Company.
    For the purpose of enabling the Company to function as a Government company, the Central Government may, by notification, make such provisions (including changes in the Board of Directors, and amendments in the memorandum and articles of association, of the Company) as it may consider necessary and the provisions so made shall have effect notwithstanding anything contained in the Companies Act, 1956 (1 of 1956).
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