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The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980

33 sections · 7 chapters · 3 schedules

- Section 1 Short title and commencement.
- Section 2 Definitions.
- Section 7 Payment of amount.
- Section 8 Payment of further amounts.
- Section 13 Continuance of employees
- Section 14 Provident fund and other funds.
Schedule 1 THE FIRST SCHEDULE
Schedule 2 THE SECOND SCHEDULE.
Schedule 3 THE THIRD SCHEDULE

The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980

General1980Central Act

The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980

An Act to provide for the acquisition of the undertakings of the Hind Cycles Limited, and Sen-Raleigh Limited, with a view to securing the proper management of such undertakings so as to subserve the interests of the general public by ensuring the continued manufacture, production and distribution of bicycles, and their component parts and accessories which are essential to the needs of the economy of the country and for matters connected therewith or incidental thereto.

Administered by Department of Heavy Industry· Ministry of Heavy Industries and Public Enterprises

7

Chapters

0

Parts

3

Schedules

33

Sections

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Chapter I— PRELIMINARY

Section 1
Section 2

Chapter II— ACQUISITION OF THE UNDERTAKINGS OF THE TWO COMPANIES

Section 3
Section 4
Section 5
Section 6

Chapter III— PAYMENT OF AMOUNTS

Section 7
Section 8

Chapter IV— MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE TWO COMPANIES

Section 9
Section 10
Section 11
Section 12

Chapter V— PROVISIONS RELATING TO EMPLOYEES OF THE TWO COMPANIES

Section 13
Section 14

Chapter VI— COMMISSIONER OF PAYMENTS

Section 15
Section 16
Section 17
Section 18
Section 19
Section 20
Section 21
Section 22
Section 23
Section 24

Chapter VII— MISCELLANEOUS

Section 25
Section 26
Section 27
Section 28
Section 29
Section 30
Section 31
Section 32
Section 33