Section List

Act Number: 55

Act Name: The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984

Year: 1984

Enactment Date: 1984-08-23

Long Title: An Act to provide for the acquisition and transfer of the undertakings of the Hooghly Docking and Engineering Company Limited with a view to securing the better utilisation of the available infrastructure thereof, to modernise and increase the capacity for ship building and ship repairing so as to reduce the import of ships, vessels and craft and to augment the production of grey iron, non-ferrous and alloy castings by the said undertakings so as to subserve the interests of the general public by ensuring the continued supply of the said articles which are essential to the needs of the economy of the country, and for matters connected therewith and incidental thereto.

Ministry: Ministry of Shipping

Department:

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