The Richardson and Cruddas Ltd.(Acquisition and Transfer of Undertaking) Act, 1972
An Act to provide for the acquisition and transfer of the undertaking of the Richardson and
Cruddas Limited, for the reconstruction of the register of its members and for matters
connected therewith or incidental thereto.
WHEREAS the Richardson and Cruddas Limited, a company formed and registered under the Indian
Companies Act, 1913 (7 of 1913), is engaged in the production of goods needed by the defence
establishments, railways, steel plants and power projects;
AND WHEREAS the mismanagement of the said company by its erstwhile managing agents and Board
of Directors had seriously affected the production and supply of goods by the said company;
AND WHEREAS it is not possible for the said company to provide for its proper management by a duly
constituted Board of Directors in view of the existence of a large number of duplicate shares in the capital
of the said company;
AND WHEREAS for ensuring, in the interests of the community, the continuity of production and
supply of goods by the said company, it is expedient in the public interest to acquire the undertaking of
the said company;
BE it enacted by Parliament in the Twenty-third Year of the Republic of India as follows:—
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