Act 17 of 1984

The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984

An Act to provide for the acquisition and transfer of the undertakings of the Inchek Tyres Limited and the National Rubber Manufacturers Limited, 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 tyres, tubes and other rubber goods which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.

Ministry of Heavy Industries and Public Enterprises
Department of Heavy Industry
Enacted 1984-03-31
33 sections

Section	Title
1	Short title and commencement.	Read
2	Definitions.	Read
3	Transfer to, and vesting in, the Central Government of the undertakings of the two companies.	Read
4	General effect of vesting.	Read
5	Companies to be liable for certain prior liabilities.	Read
6	Power of Central Government to direct vesting of the undertakings of the two companies in an existing Government Company.	Read
7	Transfer of the undertakings of the two companies from an existing Government company to a new Government company	Read
8	Payment of amount.	Read
9	Payment of further amounts.	Read
10	Management, etc., of the undertakings of the two companies.	Read
11	Duty of persons in charge of management of undertakings of the two companies to deliver all assets, etc.	Read
12	Duty of persons to account for assets, etc., in their possession.	Read
13	Continuance of employees.	Read
14	Provident fund and other funds.	Read
15	Appointment of Commissioner of Payments.	Read
16	Payment by Central Government to the Commissioner.	Read
17	Certain powers of Central Government or existing, or new, Government company.	Read
18	Claims to be made to the Commissioner.	Read
19	Priority of claims.	Read
20	Examination of claims.	Read
21	Admission or rejection of claims.	Read
22	Disbursement of money by Commissioner.	Read
23	Disbursement of amounts to the companies.	Read
24	Undisbursed or unclaimed amount to be deposited with the general revenue account.	Read
25	Act to have over-riding effect.	Read
26	Contracts to cease to have effect unless ratified by the Central Government or existing, or New, Government company.	Read
27	Penalties.	Read
28	Offences by companies.	Read
29	Protection of action taken in good faith.	Read
30	Delegation of powers.	Read
31	Power to make rules.	Read
32	Power to remove difficulties.	Read
33	Repeal and saving.	Read