Act Info:Preamble1 - THE BENGAL CHEMICAL AND PHARMACEUTICAL WORKS LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKINGS) ACT, 1980
Chapter I
Section1 - Short title and commencement
Section2 - Definitions
Chapter II
Section3 - Transfer to, and vesting in, Central Government of the undertakings of the Company
Section4 - General effect of vesting
Section5 - Central Government or existing, or new, Government company, not to be liable for certain prior liabilities
Section6 - Power of Central Government to direct vesting of the undertakings of the Company in an existing Government company
Section7 - Transfer of the undertakings of the Company from an existing Government Company to a new 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 undertakings of the Company to deliver all assets, etc
Section12 - Accounts to be rendered by the Company or any other person
Section13 - Accounts and audit
Chapter V
Section14 - Employment of certain employees to continue
Section15 - Provident fund and other funds
Chapter VI
Section16 - Appointment of Commissioner of Payments
Section17 - Payment by Central Government to the Commissioner
Section18 - Certain powers of Central Government or existing, or new, Government Company
Section19 - Claims to be made to the Commissioner
Section20 - Priority of claims
Section21 - Examination of claims
Section22 - Admission or rejection of claims
Section23 - Disbursement of money by Commissioner to claimants
Section24 - Disbursement of amounts to the Company and possession of certain machinery, equipment, etc
Section25 - Undisbursed or unclaimed amount to be deposited to the general revenue account
Chapter VII
Section26 - Act to have overriding effect
Section27 - Contracts to cease to have effect unless ratified by the Central Government or existing, or new, Government company
Section28 - Penalties
Section29 - Offences by companies
Section30 - Protection of action taken in good faith
Section31 - Delegation of powers
Section32 - Power to make rules
Section33 - Power to remove difficulties
ScheduleI - SCHEDULE