Section List

41/1978 - The Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act, 1978 ▶

Act Number: 41

Act Name: The Britannia Engineering Company Limited (Mokameh Unit) and the Arthur Butler and Company (Muzaffarpore) Limited (Acquisition and Transfer of Undertakings) Act, 1978

Year: 1978

Enactment Date: 1978-12-08

Long Title: An Act to provide for the acquisition and transfer of the right, title and interest of the undertakings of Britannia Engineering Company in relation to the Mokameh unit owned by it and the right, title and interest of Arthur Butler and Company in relation to the undertakings owned by it, with a view to ensuring the continued manufacture of railway wagons and other goods essential to the needs of the country in general and the Railways in particular, and for matters connected therewith or incidental thereto.

Ministry: Ministry of Railways

Department:

Section Number	Title	Actions
1	Short title and commencement.
2	Definitions.
4	General effect of vesting.
7	Payment of amount.
8	Payment of further amount.
9	Management, etc., of Mokameh unit and the undertakings of Arthur Butler and Company.
10	Duty to deliver possession of Mokameh unit and undertakings of Arthur Butler and Company.
11	Duty of the companies to furnish particulars.
13	Employment of employees to continue.
14	Provident fund and other funds.
15	Appointment of Commissioner of Payments.
16	Payment by Central Government to the Commissioner.
17	Certain powers of the Central Government or Government company.
18	Claims to be made to the Commissioner.
19	Priority of claims.
20	Examination of claims.
21	Admission or rejection of claims.
22	Disbursement of money by Commissioner.
23	Disbursement of amounts to Britannia Engineering Company and Arthur Butler and Company.
24	Undisbursed or unclaimed amount to be deposited with the General Revenue Account.
25	Act have overriding effect.
27	Penalties.
28	Offences by companies.
29	Protection of action taken in good faith.
30	Delegation of Powers.
31	Power to make rules.
32	Power to remove difficulties.
33	Declaration as to the policy of the State.
3	Vesting in the Central Government of Mokameh unit and undertakings of Arthur Butler and Company.
5	Power of Central Government to direct vesting of Mokameh unit and the undertakings of Arthur Butler and Company in a Government company.
6	Britannia Engineering Company and Arthur Butler and Company to be liable for certain prior liabilities.
12	Duty of persons in charge of management of Mokameh unit or undertakings of Arthur Butler and Company to deliver assets, etc.
26	Contracts to cease to have effect unless ratified by the Central Government or the Government company.