Preamble1 - TEXTILE UNDERTAKINGS (NATIONALISATION) ACT,1995
Chapter 1 Section1 - Short title and commencement
Section2 - Definitions
Chapter 2 Section3 - Acquisition of rights of owners and vesting of the textile undertakings
Section4 - General effect of vesting
Section5 - Owner to he liable for certain prior liabilities
Section6 - Transfer of any textile undertaking or part thereof to a subsidiary textile Corporation
Section7 - Shares to be issued to the National Textile Corporation for the value of the assets transferred to it by the Central Government
Chapter 3 Section8 - Payment of amount to owners of textile undertakings
Section9 - Payment of further amount
Chapter 4 Section10 - Management, etc. of Textile undertakings
Section11 - Special provision for disposal of assets of the textile undertakings in certain circumstances
Section12 - Duty of persons in charge of management of textile undertaking to deliver all assets etc.
Section13 - Accounts
Chapter 5 Section14 - Employment of certain employees to continue
Section15 - Provident and other funds
Section16 - Transfer of employees to a subsidiary textile corporation
Chapter 6 Section17 - Appointment of Commissioners of Payments
Section18 - Payment by the Central Government to the Commissioner
Section19 - Certain powers of the National Textile Corporation
Section20 - Claims to be made to the Commissioner
Section21 - Priority of claims
Section22 - Examination of claims
Section23 - Admission or rejection of claims
Section24 - Disbursement of money by the Commissioner to claimants
Section25 - Disbursement of amounts to the owners
Section26 - Undisbursed or unclaimed amounts to be deposited to the general reserve account
Chapter 7 Section27 - Assumption of liability
Section28 - Management to continue or vest in the Custodian until alternative arrangements are made
Section29 - Act to override all other enactments
Section30 - Contracts to cease to have effect unless ratified by the National Textile Corporation
Section31 - Penalties
Section32 - Offences by companies
Section33 - Protection of action taken in good faith
Section34 - Textile companies not to be wound up by the Court
Section35 - Delegation of powers
Section36 - Power to make rules
Section37 - Power to remove difficulties
Section38 - Repeal and saving
Schedule1 - FIRST SCHEDULE
Schedule2 - SECOND SCHEDULE