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31/1981 - The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981 ▶

Act Number: 31

Act Name: The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981

Year: 1981

Enactment Date: 1981-09-15

Long Title: An Act to provide for the acquisition and transfer of the undertakings of the Dalmia Dadri Cement Limited with a view to securing the proper management of such undertakings so as to subserve the interest of the general public by ensuring the continued manufacture, production and distribution of cement which is essential to the needs of the economy of the country and matters connected therewith or incidental thereto.

Ministry: Ministry of Heavy Industries and Public Enterprises

Department: Department of Heavy Industry

Section Number	Title	Actions
1	Short title and commencement.
2	Definitions.
3	Transfer to, and vesting in, the Central Government of the undertakings of the Company.
4	General effect of vesting.
5	Central Government or Cement Corporation not to be liable for prior liabilities.
7	Payment of amount.
8	Payment of further amount.
9	Management, etc., of the undertakings of the Company.
11	Duty to furnish particulars.
12	Employment of certain employees to continue.
13	Provident fund and other funds.
14	Appointment of Commissioner of Payments.
15	Payment by the Central Government to the Commissioner.
16	Certain powers of the Central Government or Cement Corporation.
17	Claims to be made to the Commissioner.
18	Priority of claims.
19	Examination of claims.
20	Admission or rejection of claims.
21	Disbursement of money by the Commissioner to claimants.
22	Disbursement of amounts to the Company.
23	Undisbursed or unclaimed amount to be deposited to the general revenue account.
24	Act to have overriding effect.
26	Protection of action taken in good faith.
27	Delegation of Powers.
28	Penalties.
29	Offences by companies.
30	Power to make rules.
31	Power to remove difficulties.
32	Repeal and saving.
6	Power of Central Government to direct vesting of the undertakings of the Company in Cement Corporation.
10	Duty to deliver possession of the undertakings of the Company and documents relating thereto.
25	Contracts to cease to have effect unless ratified by Central Government or Cement Corporation.