The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980
Central · 1980
- S. 1Short title and commencement.
- S. 2Definitions.
- S. 3Transfer to, and vesting in, the Central Government of the undertakings of the two companies.
- S. 4General effect of vesting.
- S. 5Owners of the two Companies to be liable for certain prior liabilities.
- S. 6Power of Central Government to direct vesting of the undertakin gs of the two com panies in two Government Companies.
- S. 7Payment of amount.
- S. 8Payment of further amounts.
- S. 9Management, etc., of the undertakings of the two companies.
- S. 10Duty of persons in charge of management of the undertakings of the two companies to deliver all assets, etc.
- S. 11Duty of persons to account for assets, etc., in their possession.
- S. 12Accounts and audit.
- S. 13Continuance of employees
- S. 14Provident fund and other funds.
- S. 15Appointment of Commissioner of Payments.
- S. 16Payment by Central Government to the Commissioner.
- S. 17Certain powers of Central Government or Government companies.
- S. 18Claims to be made to the Commissioner.
- S. 19Priority of claims.
- S. 20Examination of claims.
- S. 21Admission or rejection of the claims.
- S. 22Disbursement of money by the Commissioner.
- S. 23Disbursement of amounts to the two companies.
- S. 24Undisbursed or unclaimed amount to be deposited with the general revenue account.
- S. 25Act to have overriding effect.
- S. 26Contracts to cease to have effect unless ratified by the Central Government or Government companies .
- S. 27Penalties.
- S. 27AAdjudication of penalties.
- S. 28Omitted.
- S. 29Protection of action taken in good faith.
- S. 30Delegation of powers.
- S. 31Power to make rules.
- S. 32Power to remove difficulties.
- S. 33Repeal and saving.