The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984
The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 is an Indian law that provides for the acquisition and transfer of the Hooghly Docking and Engineering Company Limited by the Indian government.
Hooghly Docking And Engineering Company LimitedAcquisitionTransfer Of UndertakingsIndian GovernmentShipbuildingEngineeringRepair
Summary
The Hooghly Docking and Engineering Company Limited (Acquisition and Transfer of Undertakings) Act, 1984 was passed to provide for the acquisition and transfer of the Hooghly Docking and Engineering Company Limited, a company engaged in the business of shipbuilding, engineering, and repair, to the Indian government. The Act provides for the vesting of the properties, assets, rights, and liabilities of the company in the central government and the payment of compensation to the company's shareholders. The Act also provides for the constitution of a Board of Directors to manage the affairs of the company.