Bare Act Search Results

Hind Cycles and Sen-raleigh Limited (Nationalisation) Act, 1980 Preamble 1

Title: Hind Cycles and Sen-raleigh Limited (Nationalisation) Act, 1980

State: Central

Year: 1980

.....a view to securing the proper management of such undertakings so as to subserve the interest 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. Whereas Hind Cycles Limited and Sen-Raleigh Limited has been engaged in the manufacture, production and distribution of articles mentioned in the First Schedule to the Industries (Development and Regulation) Act, 1951(65 of 1951), namely, bicycle and their component parts and accessories; And Whereas the management of the undertakings of the Hind Cycles Limited and Sen-Raleigh Limited were taken over by the Central Government under the provisions of the Industries (Development and Regulation) Act, 1951(65 of 1951); And Whereas it is necessary to acquire the undertakings of the Hind Cycles and Sen-Raleigh Limited to ensure that the interests of the general public are served by the continuance, by the undertakings of the companies, of the manufacture, production and distribution of the aforesaid articles which are.....

Hind Cycles and Sen-raleigh Limited (Nationalisation) Act, 1980 Complete Act

Title: Hind Cycles and Sen-raleigh Limited (Nationalisation) Act, 1980

State: Central

Year: 1980

..... Section21 - Admission or rejection of claims Section22 - Disbursement of money by Commissioner Section23 - Disbursement of amounts to the two companies Section24 - Undisbursed or unclaimed amount to be deposited with the general revenue account Chapter VII Section25 - Act to have overriding effect Section26 - Contracts to cease to have effect unless ratified by the Central Government or Government companies Section27 - Penalties Section28 - Offences by companies Section29 - Protection of action taken in good faith Section30 - Delegation of powers Section31 - Power to make rules Section32 - Power to remove difficulties Section33 - Repeal and saving ScheduleI - FIRST SCHEDULE ScheduleII - SECOND SCHEDULE ScheduleIII - THIRD SCHEDULE

Hind Cycles Limited and Senraleigh Limited (Nationalisation) Act, 1980 Complete Act

State: Central

Year: 1980

.....LIMITED (NATIONALISATION) ACT, 1980 STATEMENT 0F OBJECTS AND REASONS The Hind Cycles Limited and Sen-Raleigh Limited have been engaged in the manufacture and production of bicycles and their component parts and accessories for more than two decades and they have developed a good brand image and adequate consumer acceptance for their products. These two companies account for a total annual capacity of more than ten lakhs of bicycles. However, as there had been a steady fall in production and the companies continued to incur cash losses the management of the two units of Hind Cycles Umited and Sen-Raleigh Limited, along with its associate and subsidiary units, was taken over by the Central Government under the provisions of the Industries (Development and Regulation) Act, 1951, in January. 1974 and September, 1975 respectively. 2. Though nationalised banks and public financial institutions have been advancing large amounts of money, the companies were facing acute shortage of liquid funds for their working capital requirements. Funds were also required for modernisation of the plant and machinery of the two companies. But pending nationalisation of these two companies, it was.....

Hind Cycles Limited and Sen Raleigh Ltd. (Nationalisation) Rules, 1981 Complete Act

State: Central

Year: 1981

.....requires:" (a) "Act" means the Hind Cycles Limited and Sen-Raliegh Limited (Nationalisation) Act, 1980-. (b) 'Section' means a section of the Act. RULE 03: TIME LIMIT FOR INTIMATION Every mortgagee of any property which has vested under the Act in the Central Government or in a Government Company, as the case may be, and every person holding any charge, lien or other interest in, or in relation to, any such property shall give intimation of such mortgage, charge, lien, or other interest to the Commissioner within a period of thirty days from such date, as may be specified by the Central Government under Sec.18: Provided that if the Commissioner is satisfied that the mortgage of the person holding any charge, lien or other interest was prevented by sufficient cause from giving the intimation within the said period of thirty days, he may, after recording reasons in writing receive the intimation within a further period of thirty days and not thereafter. RULE 04: MANNER OF INTIMATION (1) Every intimation to be given to the Commissioner under rule 3-shall be in writing addressed to the Commissioner, and shall contain the following particulars, namely :" (a) Name, description.....

Karnataka Legislature Salaries, Pensions and Allowances Act, 1956 Section 13A

Title: Grant of Advances for the Purchase of Motor Cars, Motor Cycles

State: Karnataka

Year: 1956

Section 13A - Grant of advances for the purchase of Motor Cars, Motor cycles 1 [13A. Grant of advances for the purchase of Motor Cars, Motor cycles Subject to such conditions as may be prescribed, every member shall be entitled to the grant of an advance for the purchase of a motor car or a motor cycle. __________________________ 1. Section 13A and 13B inseted by Act 38 of 1985 w.e.f. 1.04.1985.

Hind Cycles and Sen-raleigh Limited (Nationalisation) Act, 1980 Chapter I

Title: Preliminary

State: Central

Year: 1980

.....1980; (b) "Commissioner" means the Commissioner of Payments appointed under section 15; (c) "Custodian" means the Custodian appointed under sub-section (2) of section 9 to take over; or carry on, the management of the undertakings of either; or both, of the two companies; (d) "notification" means a notification published in the Official Gazette; (e) "prescribed" means prescribed by rules made under this Act; (f) "Sen-Raleigh Limited" includes Sen and Pandit Industries Limited, Ancillary Industries (Lugs) Private Limited, Ancillary Industries (Forgings) Private Limited, Ancillary Industries (Cranks) Private Limited and Naokhali Machine Tools Limited, all having their registered offices at 1, Middeton Street, Calcutta; (g) "specified date", in relation to any provision of this Act, means such date as the Central Government may, by notification, specify for the purposes of that provision, different dates may be specified for different provisions of this Act; (h) "two companies" means the Hind Cycles and Sen-Raleigh Limited, being companies as defined in the Companies Act, 1956(1 of 1956), and having their registered offices at Birlagram, Nagda (Madhya Pradesh), and 1,.....

Hind Cycles and Sen-raleigh Limited (Nationalisation) Act, 1980 Chapter III

Title: Payment of Amounts

State: Central

Year: 1980

.....at the rate specified against the name of such company in the Second Schedule for the period commencing on the date on which the management of the undertakings of such company was taken over in pursuance of the orders made by the Central Government under the provisions of the Industries (Development and Regulation) Act, 1951(65 of 1951) and ending on the appointed day. (2) The amount specified to in section 7 and the amount calculated in accordance with the provisions of sub-section (1) shall carry simple interest at the rate of four per cent per annum for the period commencing on the appointed day and ending on the date on which payment of such amounts is made by the Central Government to the Commissioner. (3) The amount determined in accordance with the provisions of sub-section (1) and (2) shall be given by the Central Government to the two companies in addition to the amount specified in First Schedule.

Hind Cycles and Sen-raleigh Limited (Nationalisation) Act, 1980 Section 8

Title: Payment of Further Amounts

State: Central

Year: 1980

(1) For the deprivation of the two companies of the management of their undertakings, there shall be given by the Central Government to each of the companies in cash, an amount calculated at the rate specified against the name of such company in the Second Schedule for the period commencing on the date on which the management of the undertakings of such company was taken over in pursuance of the orders made by the Central Government under the provisions of the Industries (Development and Regulation) Act, 1951(65 of 1951) and ending on the appointed day. (2) The amount specified to in section 7 and the amount calculated in accordance with the provisions of sub-section (1) shall carry simple interest at the rate of four per cent per annum for the period commencing on the appointed day and ending on the date on which payment of such amounts is made by the Central Government to the Commissioner. (3) The amount determined in accordance with the provisions of sub-section (1) and (2) shall be given by the Central Government to the two companies in addition to the amount specified in First Schedule.

Karnataka Traffic Control Act, 1960 Section 9

Title: Towing of Person Riding Cycle

State: Karnataka

Year: 1960

No driver of a vehicle shall tow a person riding a cycle and no person riding a cycle shall allow himself to be towed by any other vehicle.

Hind Cycles and Sen-raleigh Limited (Nationalisation) Act, 1980 Section 1

Title: Short Title and Commencement

State: Central

Year: 1980

(1) This Act may be called the Hind Cycles and Sen-Raleigh Limited (Nationalisation) Act, 1980. (2) It shall be deemed to have come into force on the 15th day of October, 1980.