Vidhi Codex

Bare Act

The Tamil Nadu Public Works Engineering Corporation Limited (acquisition and miscellaneous provisions) Act, 1980

Infrastructure198018 sections5 chapters

This Act regulates the complete takeover of the Tamil Nadu Public Works Engineering Corporation Limited by the state government. It applies to the company’s former management, contracted business partners, and all existing employees, who automatically became state government employees with protected salaries and benefits. To finalize this corporate acquisition, the government paid a designated cash compensation to the company and officially assumed all liabilities and assets. This legislation matters because it permanently nationalized a critical public works corporation, ensuring the seamless continuation of various engineering projects, safeguarding all workers' livelihoods, and legally securing this entire transition to direct state control.

Start reading →Read full ActSections

Chapter I PRILIMINARY →

  1. 1Short Title and commencement.
  2. 2Definitions.

Chapter II ACQUISITION AND TRANSFER OF THE UNDERTAKINGS OF THE COMPANY. →

  1. 3Transfer to and vesting in the Government of the undertakings of the company.
  2. 4General effect of vesting.
  3. 5Assumption of Liability.
  4. 6Payment of amount.

Chapter III MANAGEMENT, ETC., OF THE UNDERTAKING →

  1. 7Management etc., of the undertaking.
  2. 8Duty of persons in-charge of management of the undertaking to deliver all assets, etc.

Chapter IV PERSONS RELATING TO EMPLOYEES OF THE UNDERTAKING →

  1. 9Transfer of officers and other employees to the Government.
  2. 10Provident and other funds.

Chapter V MISCELLANEOUS →

  1. 11Act to override all other enactments.
  2. 12Contracts to cease to have effect unless ratified by Government.
  3. 13Penalties.
  4. 14Offences by companies.
  5. 15Protection of action taken in good faith.
  6. 16Delegation of powers.
  7. 17Power to make rules.
  8. 18Power to remove difficulties.

PDF: pending for this language.