THE SICK TEXTILE UNDERTAKINGS (NATIONALISATION) ACT, 1974
An Act to provide for the acquisition and transfer of the sick textile undertakings, and the right,
title and interest of the owners in respect of the sick textile undertakings, specified in the
First Schedule with a view to re-organising and rehabilitating such sick textile undertakings
so as to subserve the interests of the general public by the augmentation of the production
and distribution, at fair prices, of different verieties of cloth and yarn, and for matters
connected therewith or incidental thereto.
BE it enacted by Parliament in the Twenty-fifth Year of the Republic of India as follows:—
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