Preamble1 - THE SWADESHI COTTON MILLS COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1986
Chapter I Section1 - Short title and commencement
Section2 - Definitions
ChapterII - ACQUISITION AND TRANSFER OF THE TEXTILE UNDERTAKINGS
Section3 - Transfer and vesting of the textile undertakings
Section4 - General effect of vesting
Section5 - Company to be liable for certain prior liabilities
Section6 - Transfer of any textile undertaking or part thereof to a Subsidiary Textile Corporation
Section7 - Shares to be issued by National Textile Corporation for the value of assets transferred to it by the Central Government
Chapter III Section8 - Payment of amount
Section9 - Payment of further amounts
Chapter IV Section10 - Management, etc., of the textile undertakings
Section10A - Special provision for disposal of assets of the textile undertakings in certain circumstances
Section11 - Duty of persons in charge of management of the textile undertakings to deliver all assets, etc.
Chapter V Section12 - Continuance of employees of the textile undertakings
Section13 - Provident and other funds
Section14 - Transfer of employees to a Subsidiary Textile Corporation
Chapter VI Section15 - Appointment of Commissioner of Payments
Section16 - Payment by the Central Government to the Commissioner
Section17 - Certain powers of the National Textile Corporation
Section18 - Claims to be made to the Commissioner
Section19 - Priorities of claims
Section20 - Examination of claims
Section21 - Admission or rejection of claims
Section22 - Disbursement of money by the Commissioner to claimants
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 - Contracts to cease to have effect unless ratified by National Textile Corporation
Section27 - Penalties
Section28 - Offences by companies
Section29 - Protection of action taken in good faith
Section30 - Delegation of powers
Section31 - Power to make rules
Section32 - Power to remove difficulties
Section33 - Repeal and saving
ScheduleI - SCHEDULE I