Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972
Bare Act · 1972
- Act number
- 78 of 1972
- Enacted
- 30 December 1972
- Contents
- 32 sections · 9 chapters
The first 5 sections are free to read. Sign in free to read the rest.
Contents
Chapter I — —Preliminary
Chapter II — —Acquisition Of The Undertaking Of The Richardson And Cruddas Limited
- Section 3 – Undertaking of the old company to vest in the Central Government
- Section 4 – General effect of meeting
- Section 5 – Duty to deliver possession of property acquired and documents relating thereto
- Section 6 – Duty to furnish particulars (preview)
- Section 7 – Transfer of employees of the old company (preview)
- Section 8 – Payment of amount (preview)
Chapter III — —Management And Administration Of The New Company
Chapter IV — —Management Of The Old Company
- Section 10 – Management of the old company (preview)
- Section 11 – Custodian to be public servant (preview)
- Section 12 – Vacation of office by directors, etc., of the old company (preview)
Chapter I — —Constitution Of A Tribunal
- Section 13 – Constitution of a Tribunal (preview)
Chapter II — —Powers And Duties Of The Tribunal
- Section 14 – Tribunal to call upon persons to make claims (preview)
- Section 15 – Determination of genuine shares (preview)
- Section 16 – No compensation for cancellation of spurious shares (preview)
- Section 17 – Power of Tribunal to entertain and dispose of claims for reimbursement (preview)
- Section 18 – Suits and legal proceedings, not to be commenced or proceeded with (preview)
- Section 19 – Decision of the Tribunal to be final (preview)
Chapter III — —Duty Of Custodian To Reconstruct Register Of Members Of The Old Company
- Section 20 – Custodian to reconstruct register of members of the old company (preview)
- Section 21 – Custodian to issue fresh share certificates (preview)
- Section 22 – No annual general meeting of the old company to be held before the reconstruction of the register of members (preview)
- Section 23 – Custodian to file accounts until reconstruction of the register of members of the old company (preview)
Part III — Offences And Their Trial
- Section 24 – Penalties (preview)
- Section 24A – Adjudication of penalties (preview)
- Section 25 – Offences by companies (preview)
- Section 26 – Offences to be triable by a Magistrate of the first class and not to be compoundable (preview)