On the
appointed day, all the shares held by the Integral Company in the share capital of the India Firebricks and
Insulation Company Limited (a company formed and registered under the Companies Act having its
registered office at Bombay in the State of Maharashtra) shall stand transferred to, and vest in, the Bharat
Refractories Limited.
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Section 10
Transfer of Shares Held by Integral Company to Bharat Refractories Limited.
The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978