section 11
Duty of persons in charge of management of sick textile undertakings to deliver all assets, etc
The Kerala Sick Textile Undertakings (Acquisition and Transfer of Undertakings) Act, 1985Corporate198537 sections7 chapters
Chapter IV MANAGEMENT, ETC., OF SICK TEXTILE UNDERTAKINGS
Statutory text
On the vesting of the management of a sick textile undertaking in the State Textile Corporation, all persons in charge of the management of such sick textile undertaking immediately before such vesting shall be bound to deliver to the State Textile Corporation all assets, books of accounts, registers or other documents in their custody relating to the sick textile undertaking.
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