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State of Gujarat - Section

Section 10 in The Gujarat Sick Textile Undertakings (Nationalisation) Act, 1986

10. Duty of persons in charge of management of sick textile undertakings to deliver all assets, etc..

- On the vesting of the management of the sick textile undertaking in the Corporation all persons in charge of the management of such sick textile undertaking immediately before such vesting shall be bound to deliver to the Corporation all assets, books of account, registers or other documents in their custody relating to the sick textile undertakings.