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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

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

Chapter II

ACQUISITION OF THE UNDERTAKINGS OF THE TWO COMPANIES

Sections in this chapter

Section 3 — Transfer to, and vesting in, the Central Government of the undertakings of the two companies.
Section 4 — General effect of vesting.
Section 5 — Owners of the two Companies to be liable for certain prior liabilities.
Section 6 — Power of Central Government to direct vesting of the undertakin gs of the two com panies in two Government Companies.