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The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981

Central

An Act to provide for the acquisition and transfer of the undertakings of the Dalmia Dadri Cement Limited with a view to securing the proper management of such undertakings so as to subserve the interest of the general public by ensuring the continued manufacture, production and distribution of cement which is essential to the needs of the economy of the country and matters connected therewith or incidental thereto.

Act number
31 of 1981
Ministry
Ministry of Heavy Industries and Public Enterprises
Department
Department of Heavy Industry
Enacted
15 Sep 1981

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

33 sections

  1. Section 1Short title and commencement.
  2. Section 2Definitions.
  3. Section 3Transfer to, and vesting in, the Central Government of the undertakings of the Company.
  4. Section 4General effect of vesting.
  5. Section 5Central Government or Cement Corporation not to be liable for prior liabilities.
  6. Section 6Power of Central Government to direct vesting of the undertakings of the Company in Cement Corporation.
  7. Section 7Payment of amount.
  8. Section 8Payment of further amount.
  9. Section 9Management, etc., of the undertakings of the Company.
  10. Section 10Duty to deliver possession of the undertakings of the Company and documents relating thereto.
  11. Section 11Duty to furnish particulars.
  12. Section 12Employment of certain employees to continue.
  13. Section 13Provident fund and other funds.
  14. Section 14Appointment of Commissioner of Payments.
  15. Section 15Payment by the Central Government to the Commissioner.
  16. Section 16Certain powers of the Central Government or Cement Corporation.
  17. Section 17Claims to be made to the Commissioner.
  18. Section 18Priority of claims.
  19. Section 19Examination of claims.
  20. Section 20Admission or rejection of claims.
  21. Section 21Disbursement of money by the Commissioner to claimants.
  22. Section 22Disbursement of amounts to the Company.
  23. Section 23Undisbursed or unclaimed amount to be deposited to the general revenue account.
  24. Section 24Act to have overriding effect.
  25. Section 25Contracts to cease to have effect unless ratified by Central Government or Cement Corporation.
  26. Section 26Protection of action taken in good faith.
  27. Section 27Delegation of Powers.
  28. Section 28Penalties.
  29. Section 29Offences by companies.
  30. Section 30Power to make rules.
  31. Section 31Power to remove difficulties.
  32. Section 32Repeal and saving.
  33. Section 28AAdjudication of penalties.