Act Info:Preamble1 - GRESHAM AND CRAVEN OF INDIAN (PRIVATE) LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1977
Chapter I
Section1 - Short title and commencement
Section2 - Definitions
Chapter II
Section3 - Transfer of and vesting in the Central Government of the undertakings of the Company
Section4 - General effect of vesting
Section5 - Central Government or the Braithwaite and Company Limited or the Government company not to be liable for prior liabilities
Section6 - Vesting of the undertakings of the Company in the Braithwaite and Company Limited
Section7 - Power of Central Government to direct vesting of the undertakings of the Company in a Government company
Chapter III
Section8 - Payment of amount
Section9 - Payment of further amount
Chapter IV
Section10 - Management, etc., of the undertakings of the Company
Section11 - Duty of persons in charge of management of the undertakings of the Company to deliver all assets, etc
Chapter V
Section12 - Employment of certain employees to continue
Section13 - Provident fund 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 Braithwaite and Company Limited 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 amounts 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 the Braithwaite and Company Limited or Government company
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