In force
The British India Corporation Limited (Acquisition of Shares) Act, 1981
21 sections · As amended up to 2026-08
Sections
- 1Short title and commencement
- 2Definitions
- 3Transfer and vesting of shares of the Company in the Central Government
- 4Management of the Company
- 5Payment of amounts
- 6Appointment of Commissioner of Payments
- 7Payment by the Central Government to the Commissioner
- 8Claims to be made to the Commissioner
- 9Examination of claims
- 10Admission or rejection of claims
- 11Disbursement of money by the Commissioner to claimants
- 12Undisbursed or unclaimed amount to be deposited to the general revenue account
- 13Power of inspection
- 14Power of Commissioner to inquire into disputes as to amount
- 15Deposit of amount in court
- 16Act to have overriding effect
- 17Penalties
- 18Offences by companies
- 19Limitation of cognizance of offences
- 20Power to make rules
- 21Repeal and saving