Club, Commissioner, Custodian, Government Company, Public Purpose

The following Act of tlie TadNadu Legislature received the
assent of the Presidcr~ton the 9th April 1986 and is be~eby — , – -I- —
publjslied for general infomtion:-
. .
ACT No.26 OF 1986.
An; to provide for the acquisition,fur a public pmrpose, and transfer
of ihe r mderrrdcing of tl~eMadras Race CIub arld jbr matters connected
tlzelr~vith or .i~ciderrtaifhcr.cto.
WHEREAStl; Madras Race Club, which is a company within the meaning
of the Cotnpanies ~ct,1956 (0ntl.aI Act 1 of 1956), is engepd in th~
husin~ssof runin,oof horse races at Madras and at IJthagarnandalarn including the busir~essof inter-venue betting ; AND WI~RRBASit has bten brollgllt to the notice of tho Government that the Co~n~nitteeof lnallagelueilt of the Madras Race Club is ridden with factjosalld that thc affairs of the said ClIub ar E not conducted propei Iy
and in particular in the interests of the race goius public ,;
AND wWEICEAS in~tace~ ot’ irlegulaiities and malpractices in the conduct of thc horsc races have been brought to thc notice of the-Governmenr ; I AND WHEREAS it ha:; been brou$~tto the notice of thc Government that tile b.~ok-milkers keep huee amounts of bet from records causing substantiai loss of rt ven ue to the Government ; 1 m — [A Gror~p.)’1V-2 Ex.(184+1 – [ 111 1- AM^;’ \;Y&EAS th~Governruznt are satisfied that thr: Madm Race Club is..beiagmismanaged and that the inter-ests of th~:race-going public havc been affscted considerg bly ; AND WHERBASthe ir~egularitiesand nlalpraciices in tile conrluct of the races and in the conduct of the affairs of the Madras Race Club have ‘ I . resglted in tlw COJICZ~YSL~~U~ of weaith and mans of production in
I a few hands, and to the common detriment ;
t &m WEXERRA~,with reference to clauscs (b)and (c) of Article 39 01 the
Constitution, it is expedient to provide that the ownixship and co~ltrcll
of the material, rr-sourccs of the Madras Racc Club 1s so distnbutcd
as best to subsc~vethe conilnoll good and tl~ittthe operation of the
economic system of t:he Madras Race Club does 1101: result in the con.
centration of wealth and means of production to the common detriment ;
ANDWKBREAS it is necessary that the interests 01 tlzc: rzc-going prrbtic
should be bcttcx served ;
AND WHEREASa policy decision hss: been taken to acquire fnr il public
. purpose the undertaking of the Madras Race Club to enable the State
Government or a Corporation-ara Company wholly owned by the State,
to properly c~i~duct the hmse races arid to carry gat the other objje:$
of the Club, so as to subserve-theiutzrcst of thc gcne~alpublic aud in
particular, the race gojog public ;


  • enacted by the Legislatur-eo! the SYatc of Tamil Nadu in the Tkrty-
    sixth-Year.of the Repubbc of India -2s fbllows :-
  1. Short litle and comrncrl-:enaerzi.–( I)
    ,Madras Race Club (Acquisition lulu iliiii
    i 1986.
    force ; t
    (2) It shall come into foxcc at once.
  2. Declaration.-It is heleby dsclared that ths Act is for giving
    effectto the policy oi thc Stab towards secuii~lgtho pindplcs laid down
    in clauses (b) and (L) of Article 39 of the Constitutjgn,
  3. ~efinitions.-In this Act, unlass ihe context othcrwisc requires,-
    (a) ‘kppointed day ‘> means the date on which this Act. come6.

DISCLAIMER: This document is being furnished to you for your information by Blinkvisa. The contents of this document have been obtained from sources Blinkvisa believes to be reliable. These contents have not been independently verified, and PRS makes no representation or warranty as to the accuracy, completeness or correctness. In some cases the Principal Act and/or Amendment Act may not be available. Principal Acts may or may not include subsequent amendments. For authoritative text, please contact the relevant state department concerned or refer to the latest government publication or the gazette notification. Any person using this material should take their own professional and legal advice before acting on any information contained in this document. Blinkvisa or any persons connected with it do not accept any liability arising from the use of this document. Blinkvisa or any persons connected with it shall not be in any way responsible for any loss, damage, or distress to any person on account of any action taken or not taken on the basis of this document.