INDIA CODE

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Section 40, Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act, 1980 [S1R-FAH]

As at 7 September 2026. In force from 10 June 1980.

In Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act, 1980 [A10-T5T]. This text from 10 June 1980. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 40, Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act, 1980 [S1R-FAH]. Machine: S1R-FAH.

40. Prohibition of the carrying on of business without licence.—No person shall undertake the carrying on of business except under and in accordance with the conditions of a licence granted under section 41: Provided that nothing in this section shall apply to the carrying on of business undertaken by or on behalf of the Central Government or a State Government.

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Section 40, Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act, 1980 [S1R-FAH]