{"id":4748,"date":"2025-01-10T13:46:24","date_gmt":"2025-01-10T08:16:24","guid":{"rendered":"https:\/\/indianlawsociety.com\/?p=4748"},"modified":"2025-01-12T11:13:59","modified_gmt":"2025-01-12T05:43:59","slug":"the-dalmia-dadri-cement-limited-acquisition-and-transfer-of-undertakings-act-1981","status":"publish","type":"post","link":"https:\/\/karma.law\/insights\/law-library\/the-dalmia-dadri-cement-limited-acquisition-and-transfer-of-undertakings-act-1981\/","title":{"rendered":"The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981"},"content":{"rendered":"\n
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Download Act<\/span>Download Act<\/span><\/span><\/a><\/div>\n<\/div>\n\n\n\n

Ministry of Heavy Industries and Public Enterprises<\/p><\/blockquote><\/figure>\n\n\n

The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981, provides for the acquisition and transfer of the undertakings of Dalmia Dadri Cement Limited by the Central Government, ensuring the continued production and distribution of cement in the public interest.<\/p>\n

1: Act Background and Ministry Under Which This Act Is:<\/span><\/strong><\/p>\n

The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981, was enacted to provide for the acquisition and transfer of the undertakings of Dalmia Dadri Cement Limited by the Central Government. This act aimed to secure the proper management of the company and to ensure the continued production and distribution of cement, an essential commodity for the Indian economy. The act falls under the administrative purview of the Ministry of Industry, which oversees the implementation and management of nationalized industries. The ministry plays a vital role in ensuring the smooth transition and operation of such entities.<\/span><\/p>\n

2: Enactment Date, Number of Chapters, Number of Sections:<\/span><\/strong><\/p>\n

The Dalmia Dadri Cement Limited (Acquisition and Transfer of Undertakings) Act, 1981, was enacted on 15th September, 1981, and is known as Act No. 31 of 1981. The act is structured into seven chapters. It comprises 33 sections, covering various aspects such as definitions, transfer of undertakings, payment of amounts, management of the undertakings, provisions relating to employees, appointment of a Commissioner of Payments, and miscellaneous provisions. The act also includes a schedule defining payments, interest rates, and priorities of liabilities. The act has been amended over time to reflect changing requirements.<\/span><\/p>\n

3: Act Governed By:<\/span><\/strong><\/p>\n

The Dalmia Dadri Cement Limited Act is governed by the Central Government, which has the power to make rules and regulations under the Act. The act also provides for the appointment of a Commissioner of Payments to handle claims. The act is governed by the provisions outlined within it, as well as rules and regulations framed by the Central government. It is therefore a combination of central authority with a judicial process.<\/span><\/p>\n

4: On Whom It Is Applicable:<\/span><\/strong><\/p>\n

The provisions of The Dalmia Dadri Cement Limited Act are applicable to Dalmia Dadri Cement Limited, its members, the Central Government, the Commissioner of Payments, and the Cement Corporation of India. The act ensures that all actions and activities are in accordance with the regulations outlined, as well as the Act’s mandate and guiding principles. The general public are indirect beneficiaries of the Act’s provisions. The act\u2019s focus is to protect public interest.<\/span><\/p>\n

5: Penalties\/Punishments:<\/span><\/strong><\/p>\n

The act prescribes penalties for specific offenses:<\/span><\/p>\n