The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984

An Act to provide for the acquisition and transfer of the undertakings of the Inchek Tyres Limited and the National Rubber Manufacturers Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of tyres, tubes and other rubber goods which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.

The Inchek Tyres Limited and National Rubber Manufacturers Limited (Nationalisation) Act, 1984 has 33 sections in 7 chapters. Each link below opens the official text of that section. Official PDF on India Code.

Chapter I: PRELIMINARY

Section 1 – Short title and commencement
Section 2 – Definitions

Chapter II: ACQUIAITON AND TRANSFER OF THE UNDERTAKINGS OF THE TWO COMPANIES

Section 3 – Transfer to, and vesting in, the Central Government of the undertakings of the two companies
Section 4 – General effect of vesting
Section 5 – Companies to be liable for certain prior liabilities
Section 6 – Power of Central Government to direct vesting of the undertakings of the two companies in an existing Government Company
Section 7 – Transfer of the undertakings of the two companies from an existing Government company to a new Government company

Chapter III: PAYMENT OF AMOUNTS

Section 8 – Payment of amount
Section 9 – Payment of further amounts

Chapter IV: MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE TWO COMPANIES

Section 10 – Management, etc., of the undertakings of the two companies
Section 11 – Duty of persons in charge of management of undertakings of the two companies to deliver all assets, etc
Section 12 – Duty of persons to account for assets, etc., in their possession

Chapter V: PROVISIONS RELATING TO EMPLOYEES OF THE TWO COMPANIES

Section 13 – Continuance of employees
Section 14 – Provident fund and other funds

Chapter VI: COMMISSIONER OF PAYMENTS

Section 15 – Appointment of Commissioner of Payments
Section 16 – Payment by Central Government to the Commissioner
Section 17 – Certain powers of Central Government or existing, or new, Government company
Section 18 – Claims to be made to the Commissioner
Section 19 – Priority of claims
Section 20 – Examination of claims
Section 21 – Admission or rejection of claims
Section 22 – Disbursement of money by Commissioner
Section 23 – Disbursement of amounts to the companies
Section 24 – Undisbursed or unclaimed amount to be deposited with the general revenue account

Chapter VII: MISCELLANEOUS

Section 25 – Act to have over-riding effect
Section 26 – Contracts to cease to have effect unless ratified by the Central Government or existing, or New, Government company
Section 27 – Penalties
Section 28 – Offences by companies
Section 29 – Protection of action taken in good faith
Section 30 – Delegation of powers
Section 31 – Power to make rules
Section 32 – Power to remove difficulties
Section 33 – Repeal and saving