Chaparmukh-Silghat Railway Line and the Katakhal-Lalabazar Railway Line (Nationalisation) Act, 1982
No: 36 Dated: Aug, 17 1982
THE CHAPARMUKH-SILGHAT RAILWAY LINE AND THE KATAKHAL-LALABAZAR RAILWAY LINE (NATIONALISATION) ACT, 1982
ACT NO. 36 OF 1982
An Act to provide for the acquisition of the undertakings of the Chaparmukh-Silghat Railway Company Limited in relation to the Chaparmukh-Silghat Railway Line and the undertakings of the Katakhal-Lalabazar Railway Company Limited in relation to the Katakhal-Lalabazar Railway Line with a view to securing the efficient operation of the said Railway lines so as to subserve the needs of the north-eastern areas of India and to protect the links of communication between the said areas and the rest of the country and for matters connected therewith or incidental thereto.
WHEREAS the Chaparmukh-Silghat Railway Line owned by the Chaparmukh-Silghat Railway Company Limited and the Katakhal-Lalabazar Railway Line owned by the Katakhal-Lalabazar Railway Company Limited, are vital communication links between the north-eastern areas of India and the rest of the country;
AND WHEREAS the said Railway Lines are integrated with the metre gauge system of the contiguous North-East Frontier Railway;
AND WHEREAS the condition of assets of the aforesaid companies has reached such a stage that it may not be possible to operate train services for long on the railway lines owned by them;
AND WHEREAS it is necessary to secure the efficient operation of the said Railway lines;
BE it enacted by Parliament in the Thirty-third Year of the Republic of India as follows:—
CHAPTER I
PRELIMINARY
1. Short title.—This Act may be called the Chaparmukh-Silghat Railway Line and the Katakhal-Lalabazar Railway Line (Nationalisation) Act, 1982.
2. Definitions.—In this Act, unless the context otherwise requires,—
(a) “appointed day” means the day on which this Act comes into force;
(b) “notification” means a notification published in the Official Gazette;
(c) “specified company” means a company specified in clause (d);
(d) “two specified companies” means,—
(i) the Chaparmukh-Silghat Railway Company Limited, being a company as defined in the Companies Act, 1956 (1 of 1956) and having its registered office at 12, Mission Row, Calcutta; and
(ii) the Katakhal-Lalabazar Railway Company Limited, being a company as defined in the Companies Act, 1956 (1 of 1956) and having its registered office at Mcleod House, 3, Netaji Subhash Road, Calcutta;
(e) “undertakings” means,—
(i) in relation to the Chaparmukh-Silghat Railway Company Limited, the Chaparmukh-Silghat Railway Line and all other undertakings of that company relating to that Railway line;
(ii) in relation to the Katakhal-Lalabazar Railway Company Limited, the Katakhal-Lalabazar Railway line and all other undertakings of that company relating to that Railway line;
(f) words and expressions used herein and not defined but defined in the Companies Act, 1956 (1 of 1956) shall have the meanings respectively assigned to them in that Act.
CHAPTER II
ACQUISITION OF THE UNDERTAKINGS OF THE TWO SPECIFIED COMPANIES
3. Transfer to, and vesting in the Central Government of the undertakings of the two specified companies.—On the appointed day, the undertakings of each of the two specified companies and the right, title and interest of each of the two specified companies in relation to such undertakings shall, by virtue of this Act, stand transferred to, and vest in, the Central Government