Act Info:
Preamble1 - TEA COMPANIES (ACQUISITION AND TRANSFER OF SICK TEA UNITS) ACT, 1985
Chapter I Section1 - Short Title and commencement
Section2 - Definitions
Chapter II Section3 - Acquisition of rights of tea companies in respect of sick tea units
Section4 - General effect of vesting
Section5 - Tea companies to be liable for certain prior
Chapter III Section6 - Payment of amount
Section7 - Payment of further amount
Chapter IV Section8 - Management etc.of the sick tea units of the tea companies
Section9 - Duty of persons in charge of management of the sick tea units to delivery all assets, etc
Section10 - Duty of persons to account for assets, etc.in their possession
Chapter V Section11 - Continuance of employees
Section12 - Provident fund and other funds
Chapter VI Section13 - Appointment of Commissioner of Payments
Section14 - Payment by the Central Government to the Commissioner
Section15 - Certain powers of the Tea Trading Corporation
Section16 - Claims to be made to the Commissioner
Section17 - Priority of claims
Section18 - Examination of claims
Section19 - Admission or rejection of claims
Section20 - Disbursement of money by the Commissioner
Section21 - Disbursement of amounts to the tea companies
Section22 - Undisbursed or unclaimed amounts to be deposited with the general revenue account
Chapter VII Section23 - Act to have overriding effect
Section24 - Assumption of liability
Section25 - Management to continue to vest in certain persons until alternative arrangements have been made
Section26 - Contracts to cease to have effect unless ratified by the Tea Trading Corporation
Section27 - Penalties
Section28 - Offences by companies
Section29 - Protection of action taken in good faith
Section30 - Tea companies not to be wound up by the court
Section31 - Delegation of powers
Section32 - Power to make rules
Section33 - Power to remove difficulties
Section34 - Repeal and saving
ScheduleI - FIRST SCHEDULE
ScheduleII - SECOND SCHEDULE
Amending ActI - THE TEA COMPANIES (ACQUISITION AND TRANSFER OF SICK TEA UNITS) AMENDMENT ACT, 1991