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The Pulgaon Cotton Mills Limited (Acquisition of Shares) Act, 1982

Maharashtra

An Act to provide for the acquisition of shares of the Pulgaon Cotton Mills Limited, with a view to securing proper management of the affairs of the company and the continuity and development of the production of articles which are vital to the needs of the general public and for matters connected therewith, or incidental thereto.

Act number
34 of 1982
Ministry
Govt of Maharashtra
Department
Urban Development Department
Enacted
14 Oct 1982

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.

21 sections

  1. Section 1Short title and commencement.
  2. Section 2Definitions.
  3. Section 3Transfer and vesting of shares of the Company in the State Government.
  4. Section 4Payment of amounts.
  5. Section 5Appointment of Commissioner of Payments.
  6. Section 6Payment by the State Government to the Commissioner.
  7. Section 7Claims to be made to the Commissioner.
  8. Section 8Examination of claims.
  9. Section 9Admission or rejection of claims.
  10. Section 10Disbursement of money by the Commissioner to claimants.
  11. Section 11Undisbursed or unclaimed amount to be deposited to the general revenue account.
  12. Section 12Power of inspection.
  13. Section 13Power of Commissioner to inquire into dispute as to amount.
  14. Section 14Deposit of amount in Court.
  15. Section 15Act to have over-riding effect.
  16. Section 16Penalties.
  17. Section 17Offences by companies.
  18. Section 18Limitation of cognizance of offences.
  19. Section 19Power to make rules.
  20. Section 20Power to remove difficulties.
  21. Section 21Repeal and saving.