On the appointed
day, all the shares held by the Central Government in the share capital of the Indian Iron and Steel
Company Limited (a company under the Companies Act having its registered office at Calcutta in the
State of West Bengal) shall stand transferred to, and vest in, the Integral Company.
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Section 11
Transfer of Shares Held by Central Government to Integral Company.
The Public Sector Iron and Steel Companies (Restructuring) and Miscellaneous Provisions Act, 1978