Bare Act

Closed Textile Undertakings (Nationalisation) Act, Gujarat.Year 1986

This Act regulates the takeover of specific closed textile mills in Gujarat, transferring their ownership and assets directly to the state government and then immediately to a public corporation. It applies primarily to the owners of these shut mills, their employees who face job transitions or termination claims, and creditors seeking unpaid dues. The law matters because it aims to reorganize and reconstruct struggling factories into viable operating units. By doing so, the state can boost local production of affordable cloth and yarn, protect the livelihoods of displaced workers, and serve the broader economic interest of the general public.

PDF: pending for this language.