Contents

Title

The British India Corporation Limited (Acquisition of Shares) Act, 1981

Sections

Particulars

Chapter I

Preliminary

1.

Short title and commencement

2.

Definitions

Chapter II

Acquisition of the Shares of the Company.

3.

Transfer and vesting of shares of the Company in the Central Government

4.

Management of the Company

5.

Payment of amounts

6.

Appointment of Commissioner of Payments

7.

Payment by the Central Government to the Commissioner

8.

Claims to be made to the Commissioner

9.

Examination of claims

10.

Admission or rejection of claims

11.

Disbursement of money by the Commissioner to claimants

12.

Undisbursed or unclaimed amount to be deposited to the general revenue account

13.

Power of inspection

14.

Power of Commissioner to inquire into disputes as to amount

15.

Deposit of amount in court

Chapter III

Miscellaneous

16.

Act to have overriding effect

17.

Penalties

18.

Offences by companies

19.

Limitation of cognizance of offences

20.

Power to make rules

21.

Repeal and saving