Advocate OS
Start free

In force

The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984

33 sections · As amended up to 2026-08

Sections

  1. 1Short title and commencement
  2. 2Definitions
  3. 3Transfer to, and vesting in, the Central Government of the undertakings of the two companies
  4. 4General effect of vesting
  5. 5Companies to be liable for certain prior liabilities
  6. 6Power of Central Government to direct vesting of the undertakings of the two companies in an existing Government Company
  7. 7Transfer of the undertakings of the two companies from an existing Government company to a new Government company
  8. 8Payment of amount
  9. 9Payment of further amounts
  10. 10Management, etc., of the undertakings of the two companies
  11. 11Duty of persons in charge of management of undertakings of the two companies to deliver all assets, etc
  12. 12Duty of persons to account for assets, etc., in their possession
  13. 13Continuance of employees
  14. 14Provident fund and other funds
  15. 15Appointment of Commissioner of Payments
  16. 16Payment by Central Government to the Commissioner
  17. 17Certain powers of Central Government or existing, or new, Government company
  18. 18Claims to be made to the Commissioner
  19. 19Priority of claims
  20. 20Examination of claims
  21. 21Admission or rejection of claims
  22. 22Disbursement of money by Commissioner
  23. 23Disbursement of amounts to the companies
  24. 24Undisbursed or unclaimed amount to be deposited with the general revenue account
  25. 25Act to have over-riding effect
  26. 26Contracts to cease to have effect unless ratified by the Central Government or existing, or New, Government company
  27. 27Penalties
  28. 28Offences by companies
  29. 29Protection of action taken in good faith
  30. 30Delegation of powers
  31. 31Power to make rules
  32. 32Power to remove difficulties
  33. 33Repeal and saving