The Jute Companies (Nationalisation) Act, 1980

Sections

1. I — PRELIMINARY
2. 1Short title
3. 2Definitions
4. II — ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE JUTE COMPANIES
5. 3Transfer to, and vesting in, the Central Government of the undertakings of the jute companies
6. 4General Power of vesting
7. 5Jute companies to be liable for certain prior liabilities
8. 6Power of Central Government to direct vesting of the undertakings of the jute companies in Jute Manufactures Corporation
9. III — PAYMENT OF AMOUNTS
10. 7Payment of amount
11. 8Payment of further amount
12. IV — MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE JUTE COMPANIES
13. 9Management, etc., of the undertakings of the jute companies
14. 10Duty of persons in charge of management of the undertakings to deliver all assets, etc
15. 11Duty of persons to account for assets, etc., in their possession
16. V — PROVISIONS RELATING TO EMPLOYEES OF THE JUTE COMPANIES
17. 12Continuance of employees
18. 13Provident fund and other funds
19. VI — COMMISSIONER OF PAYMENTS
20. 14Appointment of Commissioner of Payments
21. 15Payment by Central Government to the Commissioner
22. 16Certain powers of Central Government or Jute Manufactures Corporation
23. 17Claims to be made to the Commissioner
24. 18Priority of Claims
25. 19Examination of claims
26. 20Admission or rejection of claims
27. 21Disbursement of money by the Commissioner
28. 22Disbursement of amounts to the jute companies
29. 23Undisbursed or unclaimed amounts to be deposited with the general revenue account
30. VII — MISCELLANEOUS
31. 24Act to have overriding effect
32. 25Assumption of liability
33. 26Management to continue to vest in certain persons until alternative arrangements have been made
34. 27Contracts to cease to have effect unless ratified by the Central Government or Jute Manufactures Cor
35. 29Offences by companies
36. 30Protection of action taken in good faith
37. 31Delegation of powers
38. 32Power to make rules
39. 33Power to remove difficulties