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The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982

The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982 is an Indian law that outlines the acquisition and transfer of the Andhra Scientific Company Limited undertaking to the government.

"Andhra Scientific Company Limited Acquisition Transfer Undertakings Compensation Government Management"

Summary

The Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982 was enacted to transfer the undertaking of the Andhra Scientific Company Limited to the government. The act outlines the procedures for the acquisition and transfer of the undertaking, the compensation for the same, and the appointment of officers and employees to manage the transferred undertaking. The Act aims to promote public interest and ensure the efficient management of the undertaking.

Table of Contents

Showing up to 15 sections
# Section Link
1 Section 1: Short Title And Commencement Open
2 Section 2: Definitions Open
3 Section 3: Transfer To, And Vesting In, The Central Government Of The Undertakings Of The Company Open
4 Section 4: General Effect Of Vesting Open
5 Section 5: Company To Be Liable For Certain Prior Liabilities Open
6 Section 6: Power Of Central Government To Direct Vesting Of The Undertakings Of The Company In A Government Company Open
7 Section 7: Payment Of Amount Open
8 Section 8: Payment Of Further Amounts Open
9 Section 9: Management, Etc, Of The Undertakings Of The Company Open
10 Section 10: Duty Of Persons In Charge Of Management Of The Undertakings Of The Company To Deliver All Assets, Etc Open
11 Section 11: Duty Of Persons To Account For Assets, Etc, In Their Possession Open
12 Section 12: Accounts And Audit Open
13 Section 13: Continuance Of Employees Open
14 Section 14: Provident Fund And Other Funds Open
15 Section 15: Appointment Of Commissioner Of Payments Open
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