Advocate OS
Start free

In force

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

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