Esso (Acquisition of Undertakings in India) Act, 1974 Complete Act - Bare Act

StateCentral Government
Year1974
Act Info:
Preamble1 - ESSO (ACQUISITION OF UNDERTAKINGS IN INDIA) ACT, 1974
Chapter I
Section1 - Short title
Section2 - Definitions
Chapter II
Section3 - Transfer and vesting in the Central Government of the undertakings of Esso in India
Section4 - General effect of vesting
Section5 - Central Government to be lessee or tenant under certain circumstances
Section6 - Removal of doubts
Section7 - Power of Central Government to direct vesting of the undertakings of Esso in a Government company
Section8 - Payment of amount
Chapter III
Section9 - Transfer of service of existing employees of Esso
Section10 - Provident, superannuation, welfare Fund, etc.
Chapter IV
Section11 - Effect of Act on other laws
Section12 - Duty to deliver possession of properties, etc
Section13 - Contract to continue unless terminated by Central Government
Section14 - Penalties
Section15 - Offences by companies
Section16 - Protection of action taken in good faith
Section17 - Cognizance of offences
Section18 - Indemnity
Section19 - Power to remove difficulties
Section20 - Power to make rules
ScheduleI - FIRST SCHEDULE
ScheduleII - SECOND SCHEDULE