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Preamble.- An Act to make, in the public interest, special provision with a view to securing the timely detection of sick and potentially sick companies owning industrial undertakings, the speedy determination by a Board of experts of the preventive, ameliorative, remedial and other measures which need to be taken with respect to such companies and the expeditious enforcement of the measures so determined and for matters connected therewith or incidental thereto

Be it enacted by Parliament in the Thirty-sixth Year of the Republic of India as follows: -

[Act No. 1 of Year 1986, dated 8th. January, 1986]

 

 

 

 

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