State Act
12
Section 12. Duty of persons in charge of management of the undertaking to deliver all assets, etc.
THE COMMONWEALTH TRUST, KOZHIKODE (ACQUISTION AND TRANSFER OF UNDERTAKING) ACT, 2012
Act no. 1 of 20182018In forceKerala (State Act)
12. Duty of persons in charge of management of the undertaking to deliver all assets, etc.— On the vesting of the management of the undertaking in the State Industrial Development Corporation, all persons in charge of the management of undertaking immediately before such vesting shall be bound to deliver to the State Industrial Development Corporation all assets, books of account, registers or other documents in their custody relating to the said undertaking.