Act Info:
Preamble1 - JUTE COMPANIES (NATIONALISATION) ACT, 1980.
Chapter I Section1 - Short title
Section2 - Definitions
Chapter II Section3 - Transfer to, and vesting in, the Central Government of the undertakings of the jute companies
Section4 - General Power of vesting
Section5 - Jute companies to be liable for certain prior liabilities
Section6 - Power of Central Government to direct vesting of the undertakings of the jute companies in Jute Manufactures Corporation
Chapter III Section7 - Payment of amount
Section8 - Payment of further amounts
Chapter IV Section9 - Management, etc., of the under takings of the jute companies
Section10 - Duty of persons in charge of management of the undertakings to deliver all assets etc
Section11 - Duty of persons to account for assets, etc., in their possession
Chapter V Section12 - Continuance of employees
Section13 - Section 13
Chapter VI Section14 - Appointment of Commissioner of Payments
Section15 - Payment by Central Government to the Commissioner
Section16 - Certain powers of Central Government or existing, or new, The Jute Manufactures Corporation
Section17 - Claims to be made to the Commissioner
Section18 - Priority of claims
Section19 - Examination of claims
Section20 - Admission or rejection of claims
Section21 - Disbursement of money by Commissioner
Section22 - Disbursement of amounts to the companies
Section23 - Undisbursed or unclaimed amount to be deposited with the general revenue account
Chapter VII Section24 - Act to have overriding effect
Section25 - Assumption of liability
Section26 - Management to continue to vest in certain persons until alternative arrangements have been made
Section27 - Contracts to cease to have effect unless ratified by the Central Government or Jute Manufactures Corporation
Section28 - Penalties
Section29 - Offences by companies
Section30 - Protection of action taken in good faith
Section31 - Delegation of powers
Section32 - Power to make rules
Section33 - Power to remove difficulties
ScheduleI - FIRST SCHEDULE
ScheduleII - SECOND SCHEDULE