Act Number: 62

Act Name: The Jute Companies (Nationalisation) Act, 1980

Year: 1980

Enactment Date: 1980-12-21

Long Title: An Act to provide for the acquisition and transfer of the undertakings of the jute companies, specified in the First Schedule with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of articles made of jute, which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.

Ministry: Ministry of Textiles

Department:

Section 2: Definitions.
    In this Act, unless the context otherwise requires,--
         (a) "appointed day" means the date of commencement of this Act;
         (b) "Commissioner" means the Commissioner of Payments appointed under section 14;
         (c) "jute companies" means the companies (being companies as defined in the Companies Act, 1956 1 of 1956) specified in the First Schedule;
         (d) "Jute Manufactures Corporation" means the National Jute Manufactures Corporation Limited, a company incorporated and registered under the Companies Act, 1956 (1 of 1956);
         (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) 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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