The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972
The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 is an Indian law that deals with the acquisition of the undertakings of Richardson and Cruddas Limited by the Central Government.
Summary
The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972 was enacted by the Indian Parliament to facilitate the acquisition of the undertakings of Richardson and Cruddas Limited by the Central Government. The Act provides for the transfer and vesting of the undertakings of the company to the Central Government, and also lays down the terms and conditions for the payment of compensation to the company's shareholders. The Act also specifies the powers and functions of the Central Government in relation to the management of the acquired undertakings, and lays down provisions for the protection of the interests of the employees of the company.
Table of Contents
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Undertaking Of The Old Company To Vest In The Central Government | Open |
| 4 | Section 4: General Effect Of Meeting | Open |
| 5 | Section 5: Duty To Deliver Possession Of Property Acquired And Documents Relating Thereto | Open |
| 6 | Section 6: Duty To Furnish Particulars | Open |
| 7 | Section 7: Transfer Of Employees Of The Old Company | Open |
| 8 | Section 8: Payment Of Amount | Open |
| 9 | Section 9: Formation And Registration Of A New Company | Open |
| 10 | Section 10: Management Of The Old Company | Open |
| 11 | Section 11: Custodian To Be Public Servant | Open |
| 12 | Section 12: Vacation Of Office By Directors, Etc, Of The Old Company | Open |
| 13 | Section 13: Constitution Of A Tribunal | Open |
| 14 | Section 14: Tribunal To Call Upon Persons To Make Claims | Open |
| 15 | Section 15: Determination Of Genuine Shares | Open |