Bare Act Search Results

Burn Company and Indian Standard Wagon Company (Nationalisation) Act, 1976 Complete Act

State: Central

Year: 1976

.....under sub-section ( 1 ) and on receipt of such direction, it shall be the duty of the Government company to discharge such liability. SECTION 25: ACT TO HAVE OVERRIDING EFFECT The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in any instrument having effect by virtue of any law other than this Act, or in-any decree or order of any court,-tribunal or other authority. SECTION 26: CONTRACTS TO CEASE TO HAVE EFFECT UNLESS RATIFIED BY THE CENTRAL GOVERNMENT OR GOVERNMENT COMPANY (1) Every contract entered into by either of the two companies m relation to any of its undertakings which have vested in the Central Government under section 3-for any service, sale or supply, and in force immediately before the appointed day, shall, on and from the expiry of one hundred and eighty days from the date of promulgation of the Ordinance, cease to have effect unless such contract is before the expiry of that period, ratified, in writing, by the Central Government or Government company, and in ratifying such contract the Central Government or Government company may make such iteration or.....