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Sick Textile Undertakings( Nationalisation) Act, 1974 Schedule I

Title: First Schedule

State: Central

Year: 1974

.....Mills Limited, 22, Bell Building, Sir P. M. Road, Bombay- 1. 10,79,000 2 Ahmedabad Jupiter Spinning, Weaving and Manufacturing Mills, Mill No. 1, Dadheechi Road, Ahmedabad (Gujarat) The Ahmedabad Jupiter Spinning, Weaving and Manufacturing Company Limited, Dadheechi Road, Ahmedabad. 1,39,06,000 3 Ahmedabad Jupiter Spinning Weaving and Manufacturing Mills, Mill No. 2, Parel, Bombay- 13 (Maharashtra) 2,35,68,090 4 Ahmedabad New Textile Mills, Outside Raipur Gate, Ahmedabad (Gujarat) The Ahmedabad New Textile Mills Company Limited, Outside Raipur Gate, Ahmedabad. 93,44,000 5 Ajudhia Textile Mills, Azadpur Delhi-33 The Ajudhia Textile Mills Limited, 23-24, Radha Bazar Street, Calcutta- 1. 8,41,000 6 Alagappa Textiles(Cochin) Mills, Alagappanugar (Kerala) The Alagappa Textiles (Cochin)Limited, Alagappanagar (Kerala). 43,62,000 7 Anantapur Cotton Mills, Tadapatri(Andhra Pradesh) The Anantapur Cotton Mills Limited, Tadapatri (Andhra Pradesh). .....

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Sick Textile Undertakings (Nationalisation) Act, 1974 Complete Act

State: Central

Year: 1974

.....(2) of that Schedule. (o) "textile undertaking" means an undertaking engaged in the manufacture of textiles and to which the provisions of the Factories Act, 1948-, apply. (2) Words and expressions used but not defined in this Act and defined in the Industries (Development and Regulation) Act, 1951-, shall have the meanings respectively assigned to them in that Act. (3) Words and expressions used but not defined either in this Act or in the Industries (Development and Regulation) Act, 1951-., but defined in the Companies Act, 1956-shall have the meanings respectively assigned to them in the Companies Act, 1956-. CHAPTER 02 ACQUISITION OF THE RIGHTS OF OWNERS OFSICK TEXTILE UNDERTAKINGS SECTION 03: ACQUISITION OF RIGHTS OF OWNERS IN RESPECT OF SICK TEXTILE UNDERTAKINGS (1) On the appointed day, every sick textile undertaking and the right, title and interest of the owner in relation to every such sick textile undertaking shall stand transferred to, and shall vest absolutely in, the Central Government. (2) Every sick textile undertaking which stands vested in the Central Government by virtue of subsection (1) shall immediately after it has so vested, stand transferred.....

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