The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984

The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984 is an Indian law that nationalized two rubber manufacturing companies, namely Inchek Tyres Limited and National Rubber Manufacturers Limited. This Act was enacted in order to safeguard the interests of the rubber industry in India, and to ensure that the production and distribution of rubber products was controlled by the state. The Act provided for the acquisition of all shares in the two companies by the government, and for the payment of compensation to the shareholders. The Act also provided for the transfer of all assets, liabilities, and employees of the two companies to the government. The nationalization of these companies under this Act was done with the objective of ensuring that the rubber industry in India was developed in a manner that was beneficial to the Indian economy and the public at large.