Act Number: 16

Act Name: The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978

Year: 1978

Enactment Date: 1978-04-30

Long Title: An Act to provide for restructuring of the iron and steel companies in the public sector so as to secure better management and greater efficiency in their working and for matters connected therewith or incidental thereto.

Ministry: Ministry of Steel

Department:

Section 6: Transfer and vesting of Refractory Plant, etc., in the Bharat Refractories Limited.
    (1) On the appointed day, the undertakings of the following transferred units shall stand transferred to, and vest in, the Bharat Refractories Limited, namely:--
         (a) Ramgarh Refractory Plant of the Hindustan Steel Limited (situated near Ramgarh in the State of Bihar),
         (b) Sillimanite Mines of the Hindustan Steel Limited (situated in the State of Meghalaya), and
         (c) Refractory Project of the Hindustan Steel Limited (situated at Bhilai in the State of Madhya Pradesh).
     (2) Notwithstanding anything contained in the Companies Act, as from the appointed day, the registered office of the Bharat Refractories Limited may remain at Bokaro Steel City or be transferred to Ranchi.
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