Act Info:Preamble1 - MARUTI 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, the Central Government of the undertakings of the Company
Section4 - General effect of vesting
Section5 - Central Government or Government company not to be liable for 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 amount
Chapter IV
Section9 - Management, etc., of the undertakings of the Company
Section10 - Duty to deliver possession of the undertakings of the Company and documents relating thereto
Section11 - Duty to furnish particulars
Section12 - Accounts and audit
Chapter V
Section13 - Employment of certain employees to continue
Section14 - Provident fund and other funds
Chapter VI
Section15 - Appointment of Commissioner of Payments
Section16 - Payment by the 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 to claimants
Section23 - Disbursement of amounts to the Company
Section24 - Undisbursed or unclaimed amount to be deposited to the general revenue account
Chapter VI
Section25 - Act to have overriding effect
Section26 - Contracts to cease to have effect unless ratified by Central Government or Government company
Section27 - Protection of action taken in good faith
Section28 - Delegation of powers
Section29 - Penalties
Section30 - Offences by companies
Section31 - Power to make rules
Section32 - Power to remove difficulties
Section33 - Repeal and saving
ScheduleI - SCHEDULE