Bare Act Search Results

Amritsar Oil Works (Acquisition and Transfer of Undertakings) Act, 1982 Complete Act

State: Central

Year: 1982

.....the Central Government or the Government company shall not omit to ratify a contract and shall not make any alteration or modification in a contract- (a) unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interest of the Central Government or the Government company; and (b) except after giving the parties to the contract a reasonable opportunity of being heard and except after recording in writing its reasons for refusal to ratify the contract or for making any alteration or modification therein. SECTION 23: PENALTIES - Any person who,- (a) having in his possession, custody or control any property forming part of the Amritsar Oil Works, wrongfully withholds such property from the Central Government or the Government company; or (b) wrongfully obtains possession of, or retains, any property forming part of, the Amritsar Oil Works; or (c) wilfully withholds or fails to furnish to the Central Government or the Government company or any person or body of persons specified by that Government or the Government company, as the case may be, any document relating to the Amritsar Oil Works which may be in.....