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100/1976 - The Metal Corporation (Nationalisation and Miscellaneous Provisions) Act, 1976 ▶

Act Number: 100

Act Name: The Metal Corporation (Nationalisation and Miscellaneous Provisions) Act, 1976

Year: 1976

Enactment Date: 1976-09-07

Long Title: An Act to provide for the taking over of the management of the undertaking of the Metal Corporation, after such undertaking is deemed to have been transferred to, and re-vested in, the said Corporation, and for the subsequent acquisition of the undertaking of the Metal Corporation for the purpose of enabling the Central Government, in the public interest, to exploit to the fullest extent possible, the zinc and lead deposits in and around Zawar area in the State of Rajasthan and to utilise those minerals in such manner as to subserve the common good, and for matters connected therewith or incidental thereto.

Ministry: Ministry of Mines

Department:

Section 10: Payment of amount for deprivation of management.

For the deprivation of the Metal Corporation of the management of its undertaking, there shall be given, in cash, to the Metal Corporation by the Central Government, an amount, calculated at the rate of rupees eleven lakhs and thirty-nine thousand per annum, for the period commencing on the 22nd day of October, 1965, and ending on the appointed day.

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