Jute Companies (Nationalisation) Act, 1980

The Jute Companies (Nationalisation) Act, 1980

जूट कंपनी (राष्‍ट्रीयकरण) अधिनियम, 1980

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	198062
Act Number:	62
Enactment Date:	1980-12-21
Act Year:	1980
Short Title:	The Jute Companies (Nationalisation) Act, 1980
Hindi Title:	जूट कंपनी (राष्‍ट्रीयकरण) अधिनियम, 1980
Long Title:	An Act to provide for the acquisition and transfer of the undertakings of the jute companies, specified in the First Schedule 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 articles made of jute, which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.
Ministry:	Ministry of Textiles
Enforcement Date:	21-12-1980


Schedule 1. THE FIRST SCHEDULE Order Appendix Forms
Schedule 2. THE SECOND SCHEDULE. Order Appendix Forms

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Title	Files

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Show all section The Jute Companies (Nationalisation) Act, 1980

CHAPTER I

PRELIMINARY

CHAPTER II

ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE JUTE COMPANIES

CHAPTER III

PAYMENT OF AMOUNTS

CHAPTER IV

MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE JUTE COMPANIES

CHAPTER V

PROVISIONS RELATING TO EMPLOYEES OF THE JUTE COMPANIES

CHAPTER VI

COMMISSIONER OF PAYMENTS

CHAPTER VII

MISCELLANEOUS


Section 1. Short title.
Section 2. Definitions.
Section 3. Transfer to, and vesting in, the Central Government of the undertakings of the jute companies.
Section 4. General Power of vesting.
Section 5. Jute companies to be liable for certain prior liabilities.
Section 6. Power of Central Government to direct vesting of the undertakings of the jute companies in Jute Manufactures Corporation.
Section 7. Payment of amount.
Section 8. Payment of further amount.
Section 9. Management, etc., of the undertakings of the jute companies.
Section 10. Duty of persons in charge of management of the undertakings to deliver all assets, etc.
Section 11. Duty of persons to account for assets, etc., in their possession.
Section 12. Continuance of employees.
Section 13. Provident fund and other funds.
Section 14. Appointment of Commissioner of Payments.
Section 15. Payment by Central Government to the Commissioner.
Section 16. Certain powers of Central Government or Jute Manufactures Corporation.
Section 17. Claims to be made to the Commissioner.
Section 18. Priority of Claims.
Section 19. Examination of claims.
Section 20. Admission or rejection of claims.
Section 21. Disbursement of money by the Commissioner.
Section 22. Disbursement of amounts to the jute companies.
Section 23. Undisbursed or unclaimed amounts to be deposited with the general revenue account.
Section 24. Act to have overriding effect.
Section 25. Assumption of liability.
Section 26. Management to continue to vest in certain persons until alternative arrangements have been made.
Section 27. Contracts to cease to have effect unless ratified by the Central Government or Jute Manufactures Corporation.
Section 28. Penalties.
Section 29. Offences by companies.
Section 30. Protection of action taken in good faith.
Section 31. Delegation of powers.
Section 32. Power to make rules.
Section 33. Power to remove difficulties.


Schedule 1. THE FIRST SCHEDULE Order Appendix Forms
Schedule 2. THE SECOND SCHEDULE. Order Appendix Forms

Schedule 1. THE FIRST SCHEDULE

Schedule 2. THE SECOND SCHEDULE.