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