Act Info:
Preamble1 - THE BRAITHWAITE AND COMPANY (INDIA) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1976
Chapter I Section1 - Short title and commencement
Section2 - Definitions
Chapter II Section3 - Acquisition and transfer of the undertakings of the Company
Section4 - General effect of vesting
Section5 - Central Government or the Government company not to be liable for prior liable for prior liabilities
Section6 - Power of Central Government to direct vesting of the undertakings of the Company in a Government company
Chapter III Section7 - Payment of amount
Section8 - Payment of further amount
Chapter IV Section9 - Management ,etc., of the undertakings of the Company
Section10 - Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc.
Section11 - Accounts and audit
Chapter V Section12 - Employment of certain employees to continue
Section13 - Provident and other funds
Chapter VI Section14 - Appointment of Commissioner of Payments
Section15 - Payment by the Central Government to the Commissioner
Section16 - Certain powers of the Central government or Government company
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 the Commissioner to claimants
Section22 - Disbursement of amount to the Company
Section23 - Undisbursed or unclaimed amount to be deposited to the general revenue account
Chapter VII Section24 - Act To have overriding effect
Section25 - Contracts to cease to have effect unless ratified by the central Government or Government
Section26 - Protection of action taken in good faith
Section27 - Delegation of powers
Section28 - Penalties
Section29 - Offences by companies
Section30 - Power to make rules
Section31 - Power to remove difficulties
Section32 - Declaration as to the policy of the state
Section33 - Repeal and saving
ScheduleI - SCHEDULE I