Act Number: 43

Act Name: The Aluminium Corporation of India Limited (Acquisition and Transfer of Aluminium Undertaking) Act, 1984

Year: 1984

Enactment Date: 1984-06-02

Long Title: An Act to provide for the acquisition and transfer of the right, title and interest of the Aluminium Corporation of India Limited in relation to its undertaking as Jaykay Nagar, near Asansol (West Bengal) for the purpose of ensuring the continuity of production of aluminium and aluminium fabricated products which are essential to the needs of the community and thereby to give effect to the policy of the State towards securing the principles specified in clause (b) of Article 39 of the Constitution.

Ministry: Ministry of Mines

Department:

Section 26: Penalties.
    Any person who,--
         (a) having in his possession, custody or control any property or assets forming part of the Aluminium undertaking, wrongfully withholds such property or assets from the Central Government or the Bharat Aluminium Company; or
         (b) wrongfully obtains possession of, or retains, any property or assets forming part of the Aluminium undertaking; or
         (c) wilfully withholds or fails to furnish to the Central Government, or the Bharat Aluminium Company or to any person or body of persons specified by that Government or company, any document or inventory relating to that undertaking which may be in his possession, custody or control; or
         (d) fails to deliver to the Central Government, or the Bharat Aluminium Company or to any person or body of persons specified by that Government or company, any property, assets, books of account, registers or other documents in his possession, custody or control, relating to the Aluminium undertaking; or
         (e) wrongfully removes or destroys any property or asset forming part of the Aluminium undertaking or prefers any claim under this Act which he knows or has reasonable cause to believe to be false or grossly inaccurate,
shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to ten thousand rupees, or with both.
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