MaharashtraAct 34 of 1982
The Pulgaon Cotton Mills Limited (Acquisition of Shares) Act, 1982
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.
Sections
21 in this Act
- 1Short title and commencement
- 2Definitions
- 3Transfer and vesting of shares of the Company in the State Government
- 4Payment of amounts
- 5Appointment of Commissioner of Payments
- 6Payment by the State Government to the Commissioner
- 7Claims to be made to the Commissioner
- 8Examination of claims
- 9Admission or rejection of claims
- 10Disbursement of money by the Commissioner to claimants
- 11Undisbursed or unclaimed amount to be deposited to the general revenue account
- 12Power of inspection
- 13Power of Commissioner to inquire into dispute as to amount
- 14Deposit of amount in Court
- 15Act to have over-riding effect
- 16Penalties
- 17Offences by companies
- 18Limitation of cognizance of offences
- 19Power to make rules
- 20Power to remove difficulties
- 21Repeal and saving