(1) On
the appointed day, the undertakings of the following transferred units shall stand transferred to, and vest
in, the Bharat Refractories Limited, namely:--
(a) Ramgarh Refractory Plant of the Hindustan Steel Limited (situated near Ramgarh in the State of Bihar),
(b) Sillimanite Mines of the Hindustan Steel Limited (situated in the State of Meghalaya), and
(c) Refractory Project of the Hindustan Steel Limited (situated at Bhilai in the State of Madhya Pradesh).
(2) Notwithstanding anything contained in the Companies Act, as from the appointed day, the registered office of the Bharat Refractories Limited may remain at Bokaro Steel City or be transferred to Ranchi.
(a) Ramgarh Refractory Plant of the Hindustan Steel Limited (situated near Ramgarh in the State of Bihar),
(b) Sillimanite Mines of the Hindustan Steel Limited (situated in the State of Meghalaya), and
(c) Refractory Project of the Hindustan Steel Limited (situated at Bhilai in the State of Madhya Pradesh).
(2) Notwithstanding anything contained in the Companies Act, as from the appointed day, the registered office of the Bharat Refractories Limited may remain at Bokaro Steel City or be transferred to Ranchi.