In force
The Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act, 1980
31 sections · As amended up to 2026-08
Sections
- 1Short title and commencement
- 2Definitions
- 3Transfer to, and vesting in, the Central Government of the undertakings of the Company
- 4Transfer and vesting of shares held by the Company in the specified companies
- 5General effect of vesting
- 6Central Government or the Government company not to liable for certain prior liabilities
- 7Power of Central Government to direct vesting of the undertakings of the Company in a Government c ompany
- 8Payment of amounts to the Company and specified companies
- 9Management, etc., of the undertakings of the Company
- 10Duty of persons in charge of management of undertakings of the Company to deliver all assets, etc
- 11Continuance of employees
- 12Provident fund and other funds
- 13Appointment of Commissioner of Payments
- 14Payment by Central Government to the Commissioner
- 15Certain powers of Central Government or Government company
- 16Claims to be made to the Commissioner
- 17Priority of claims
- 18Examination of claims
- 19Admission or rejection of claims
- 20Disbursement of money by Commissioner to claimants
- 21Disbursement of amounts to the Company and possession of certain machinery, equipment, etc
- 22Undisbursed or unclaimed amount to be deposited to the general revenue account
- 23Act to have overriding effect
- 24Contracts to cease to have effect unless ratified by the Central Government or Government company
- 25Penalties
- 26Offences by companies
- 27Protection of action taken in good faith
- 28Delegation of powers
- 29Power to make rules
- 30Power to remove difficulties
- 31Repeal and saving