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 13: Power of inspection.
    For the purposes of ascertaining whether any person claiming payment under this Act is a shareholder, the Commissioner shall have the right to--
         (a) require any person, having the possession, custody or control, of any register or record of the Company, to produce such register or record before the Commissioner,
         (b) require any person to make any statement or furnish any information which may be required by the Commissioner.
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