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THE ESSO UNDERTAKINGS ACQUISITION ACT, 1975

(ACT NO. XVI OF 1975).
  Part No : Chapter No : Section No: [ 14th July, 1975  
  
     An Act to provide for acquisition of undertakings in Bangladesh of ESSO Eastern Inc.
 
    WHEREAS in pursuance of an offer made to it the Government have agreed to acquire the undertakings in Bangladesh of ESSO Eastern Inc. of the United States;



It is hereby enacted as follows:-
 
CONTENTS
 
SECTIONS
 
1. Short title and commencement
2. Definitions
3. Acquisition of ESSO undertakings
4. Effect of acquisition
5. Payment of compensation
6. Provisions relating to officers and other employees of ESSO
7. Transfer of moneys etc., of the officers and other employees of ESSO
8. Deliver of possession of property, etc.
9. Penalty
10. Offences by companies
11. Protection of action taken in good faith
12. Cognizance of offences
13. Power to remove difficulties
14. Repeal and savings
 
 

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