Act Info:
Preamble1 - BIRD AND COMPANY LIMITED ( ACQUISITION AND TRANSFER OF UNDERTAKINGS ) ACT, 1980
Chapter I Section1 - Short title and commencement
Section2 - Definitions
Chapter II Section3 - Transfer to, and vesting in, the Central Government of the undertaking of the Company
Section4 - Transfer and vesting of shares held by the Company in the specified companies
Section5 - General effect of vesting
Section6 - Central Government or the Government company, not to liable for certain prior liabilities
Section7 - Power of Central Government to direct vesting of the undertakings of Company in a Government Company
Chapter III Section8 - Payment of amount to the Company and specified companies
Chapter IV Section9 - Management, etc., of the undertakings of the Company
Section10 - Duty of persons in charge of management of undertakings of the Company to deliver all assets, etc.
Chapter V Section11 - Continuance of employees
Section12 - Provident fund and other funds
Chapter VI Section13 - Appointment of Commissioner of Payments
Section14 - Payment by Central Government to the Commissioner
Section15 - Certain powers of Central Government or Government company
Section16 - Claims to be made to the Commissioner
Section17 - Priority of claims
Section18 - Examination of claims
Section19 - Admission or rejection of claims
Section20 - Disbursement of money by Commissioner to claimants
Section21 - Disbursement of amounts to the Company and possession of certain machinery, equipment, etc.
Section22 - Undisbursed or unclaimed amount to be deposited to the general revenue account
Chapter VII Section23 - Act to have overriding effect
Section24 - Contracts to cease to have effect unless ratified by the Central Government or Government company
Section25 - Penalties
Section26 - Offences by companies
Section27 - Protection of action taken in good faith
Section28 - Delegation of powers
Section29 - Power to make rules
Section30 - Power to remove difficulties
Section31 - Repeal and saving
ScheduleI - SCHEDULE I
ScheduleII - SCHEDULE II