Act Info:
Preamble1 - ANDHRA SCIENTIFIC COMPANY LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1982
Chapter I Section1 - Short title and commencement
Section2 - Definitions
Chapter II Section3 - Transfer to, and vesting in, the Central Government of the undertakings of the Company
Section4 - General effect of vesting
Section5 - Company to be liable for certain 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 amounts
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 - Duty of persons to account for assets, etc., in their possession
Section12 - Accounts and audit
Chapter V Section13 - Continuance of employees
Section14 - Provident fund and other funds
Chapter VI Section15 - Appointment of Commissioner of Payments
Section16 - Payment by Central Government to the Commissioner
Section17 - Certain powers of the Central Government or Government company
Section18 - Claims to be made to the Commissioner
Section19 - Priority of claims
Section20 - Examination of claims
Section21 - Admission or rejection of claims
Section22 - Disbursement of money by the Commissioner
Section23 - Disbursement of amounts to the Company
Section24 - Undisbursed or unclaimed amount to be deposited with the general revenue account
Chapter VII Section25 - Act to have overriding effect
Section26 - Contracts to cease to have effect unless ratified by Central Government or Government company
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
ScheduleI - SCHEDULE I