Section List

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 NumberTitleActions
1Short title and commencement.
2Definitions.
3"Undertaking"--meaning of.
4Taking over of management of the undertaking of the Metal Corporation.
5Appointment of Administrator to take over the management of the undertaking.
6Application of Act 1 of 1956.
7Vesting of the undertaking of the Metal Corporation in the Central Government.
8Central Government to be the lessee of the State Government.
10Payment of amount for deprivation of management.
11Payment of amount for acquisition of the undertaking.
12Time of payment.
13Management, etc., of the undertaking.
14Provisions relating to employees.
15Provident and other funds.
16Act to have overriding effect.
17Contracts in bad faith may be cancelled or varied.
18Protection of action taken in good faith.
19Delegation of powers.
20Penalties.
21Offences by companies.
22Power to make rules.
23Power to remove difficulties.
24Abolition of Tribunal, etc.
25Repeal of Ordinance and saving.
9Power of Central Government to direct vesting of the undertaking of the Metal Corporation in a Government company.
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