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In force

The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978

27 sections · As amended up to 2026-08

Sections

  1. 1Short title and commencement
  2. 2Definitions
  3. 3“Undertaking”— meaning of
  4. 4Dissolution, transfer and vesting of undertakings of certain companies in Integral Company
  5. 5Transfer and vesting of Kiriburu Iron Ore Mines, etc., in Integral Company
  6. 6Transfer and vesting of Refractory Plant, etc., in the Bharat Refractories Limited
  7. 7Transfer of immovable properties of Hindustan Steel Limited to Metallurgical and Engineering Consultants (India) Limited
  8. 8Transfer of shares held by Bokaro Steel Limited to Central Government
  9. 9Transfer of shares held by Integral Company to Central Government
  10. 10Transfer of shares held by Integral Company to Bharat Refractories Limited
  11. 11Transfer of shares held by Central Government to Integral Company
  12. 12Central Government, etc., deemed to be registered in the register of members of companies
  13. 13Power of Central Government to modify amount of paid-up share capital of Integral Company, etc., and issue of shares
  14. 14Provisions relating to officers and other employees of dissolved companies
  15. 15Provisions relating to officers and employees of transferred units
  16. 16Provisions relating to directors
  17. 17Provision relating to auditors
  18. 18Compensation for transfer not payable
  19. 19Provident Fund
  20. 20Gratuity, welfare and other funds
  21. 21Provisions with respect to income-tax and surtax
  22. 22Taxes, fees and other charges not payable
  23. 23Saving of contracts, etc
  24. 24Saving of legal proceedings
  25. 25Power to remove difficulties
  26. 26Act to override the provisions of other laws
  27. 27Power to amend memorandum and articles of association