Madras Race Club (Acquisition and Transfer of Undertaking) Act

The Madras Race Club (Acquisition and Transfer of Undertaking) Act, 1986

Corporate198633 sections7 chapters

Chapter I PRELIMINARY

1. Short title and commencement

Statutory text

Chapter I PRELIMINARY

2. Declaration

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Chapter I PRELIMINARY

3. Definitions

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Chapter II ACQUISITION AND TRANSFER OF THE UNDERTAKING

4. Transfer to, and vesting in, the Government of the undertaking of the club

Statutory text

Chapter II ACQUISITION AND TRANSFER OF THE UNDERTAKING

5. General effect of vesting

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Chapter II ACQUISITION AND TRANSFER OF THE UNDERTAKING

6. Power of Government to direct vesting of the undertaking in a Government company

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Chapter II ACQUISITION AND TRANSFER OF THE UNDERTAKING

7. Government or Government company not to be liable for prior liabilities

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Chapter III PAYMENT OF AMOUNT

8. Payment of amount

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Chapter IV MANAGEMENT, ETC., OF THE UNDERTAKING OF THE CLUB

9. Management, etc., of the undertaking of the club

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Chapter IV MANAGEMENT, ETC., OF THE UNDERTAKING OF THE CLUB

10. Duty of persons in charge of management of the undertaking to deliver all assets, etc

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Chapter IV MANAGEMENT, ETC., OF THE UNDERTAKING OF THE CLUB

11. Duty of persons to account for assets, etc., in their possession

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Chapter V PROVISIONS RELATING TO THE EMPLOYEES OF THE UNDERTAKING

12. Continuance of employees

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Chapter V PROVISIONS RELATING TO THE EMPLOYEES OF THE UNDERTAKING

13. Provident fund and other funds

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Chapter VI COMMISSIONER OF PAYMENTS

14. Commissioner of Payments

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Chapter VI COMMISSIONER OF PAYMENTS

15. Payment by the Government to the Commissioner

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Chapter VI COMMISSIONER OF PAYMENTS

16. Certain powers of the Government or the Government company

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Chapter VI COMMISSIONER OF PAYMENTS

17. Claims to be made to the Commissioner

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Chapter VI COMMISSIONER OF PAYMENTS

18. Priority of claims

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Chapter VI COMMISSIONER OF PAYMENTS

19. Examination of claims

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Chapter VI COMMISSIONER OF PAYMENTS

20. Admission or rejection of claims

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Chapter VI COMMISSIONER OF PAYMENTS

21. Provided that where a person who is a Judge of a High Court is appointed to be the Commissioner, such appeal shall be heard and disposed of by not less than two Judges of the High Court.

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Chapter VI COMMISSIONER OF PAYMENTS

22. Disbursement of amounts to the club

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Chapter VI COMMISSIONER OF PAYMENTS

23. Undisbursed or unclaimed amount to be deposited with general revenue account

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Chapter VII MISCELLANEOUS

24. Act to have overriding effect

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Chapter VII MISCELLANEOUS

25. Assumption of liability

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Chapter VII MISCELLANEOUS

26. Contracts to cease to have effect unless ratified by the Government or the Government company

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Chapter VII MISCELLANEOUS

27. Penalties

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Chapter VII MISCELLANEOUS

28. Offences by companies

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Chapter VII MISCELLANEOUS

29. Limitation of cognizance of offences

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Chapter VII MISCELLANEOUS

30. Protection of action taken in good faith

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Chapter VII MISCELLANEOUS

31. Cognizance of offences

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Chapter VII MISCELLANEOUS

32. Power to make rules

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Chapter VII MISCELLANEOUS

33. Power to remove difficulties

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