View All - 1971 Acts Section No : Acts & Ordinances BUSINESS UNDERTAKINGS (ACQUISITION) Marginal Notes1. This Act may be cited as the Business Undertakings (Acquisition) Act, No. 35 of 1971.2. Acquisition by Government of any business undertaking. 3. Appointment of competent authority to manage and administer the affairs of any business undertaking acquired by or vested in the Government. 4. Special provisions relating to the rights and liabilities of any business undertaking acquired by or vested In the Government. 5. Taking possession of property acquired by or vested in the Government. 6. Minister's directions to a competent authority. 7. Appeals. 8. Compulsory transfer to the Government of property. 9. Amendment of vesting Order In so far as it relates to any property vested in the Government. 10. Requisitioning of property. 11. Power of Minister of Finance to direct a bank in which the proprietor of any business undertaking has an account not to permit him to operate such account. 12. Regulations. 13. Powers of entry and inspection and power to demarcate premises used for or required by any business undertaking, to call for information and to make copies of any documents. 14. Notice of claim or disclaimer in respect of any property. 15. Offences. 16. Payments made in respect of property acquired or requisitioned by or vested in the Government to he charged on the Consolidated Fund. 17. Interpretation.