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State of Puducherry - Section

Section 9 in Anglo-French Textiles Limited (Acquisition and Transfer of Textile Undertaking) Act, 1986

9. Duty of persons in charge of management of textile undertaking to deliver all assets, etc.

- On the vesting of the management of the textile undertaking in the Corporation, all persons in charge of the management of such 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 textile undertaking.