Bare Act
The Kerala Cashew Factories (Acquisition) Act, 1974
Labour197419 sections
This Act empowers the Kerala government to take over cashew processing factories that have been closed for a month, are producing very little, or are causing large-scale unemployment. Before taking action, the government must notify the factory owner and consider their objections. Once the factory is acquired, it becomes government property, free from any previous debts or legal restrictions. The law also provides for the management of these factories, often through workers' co-operatives, to ensure the industry remains viable and workers are protected.
- 1. Short title, extent and commencement
- 2. Definitions
- 3. Power to acquire cashew factories
- 4. General effect of vesting under section 3
- 5. Inventory of properties
- 6. Property and assets not to be damaged or removed after service of notice
- 7. Duty to deliver possession of property acquired and documents relating thereto
- 8. Power of Government to direct vesting of cashew factory in the Corporation
- 9. Payment of amount
- 9A. Power to acquire any cashew factory in public interest
- 10. Employment of certain employees to continue
- 10A. Continuance of employees where cashew factory is entrusted to the Federation or to a worker's co-operative society or to an institution for management
- 11. Provident fund
- 13. Penalties
- 14. Offences by companies
- 15. Protection of action taken in good faith
- 16. Power to make rules
- 17. Repeal and saving
- Schedule. Principles for determining amount payable for acquisition of cashew factories
PDF: pending for this language.