Act Info:
Preamble1 - THE BURMAH OIL COMPANY [ACQUISITION OF SHARES OF OIL INDIA LIMITED AND OF THE UNDERTAKING IN INDIA OF ASSAM OIL COMPANY LIMITED AND THE BURMAH OIL COMPANY (INDIA TRADING) LIMITED ] ACT , 1981
Chapter I Section1 - Short title
Section2 - Definitions
Chapter II Section3 - Transfer and vesting of certain shares of Oil India in the Central Government
Section4 - Management of Oil India
Chapter III Section5 - Transfer and vesting in the Central Government of the under takings in India of the two companies
Section6 - General affect of vesting
Section7 - Special provisions as to certain rights and interests held by the specified companies before the appointed day
Section8 - Removal of doubts
Section9 - Power of Central Government to direct vesting of the under takings of specified companies in one or more Government Companies
Chapter IV Section10 - Payment of amount to Burmah Oil Company
Chapter V Section11 - Transfer of service of existing employees of the specified companies
Section12 - Provident superannuation, welfare fund, etc
Chapter VI Section13 - Effect of Act on other laws
Section14 - Duty to deliver possession of properties etc
Section15 - Contracts to continue unless terminated by Central Government
Section16 - Penalties
Section17 - Offences by companies
Section18 - Protection of action taken in good faith
Section19 - Cognizance of offences
Section20 - Indemnity
Section21 - Power to remove difficulties
Section22 - Power to make rules