(1) This Ordinance may be called the Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Ordinance, 1980,
(2) It shall come into force at once,
2. In this Ordinance, unless the context otherwise requires,—
(a) "appointed day" means the date of commencement of this Ordinance;
(b) "Commissioner" means the Commissioner of Payments appointed under section 15;
(c) "Custodian" means the Custodian appointed under subsection (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 Ordinance;
(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, Middleton Street, Calcutta;
(g) "specified date", in relation to any provision of this Ordinance, means such date as the Central Government may, by notification, specify for the purposes of that provision and different dates may be specified for different provisions of this Ordinance;
(h) "two companies" means Hind Cycles Limited and Sen-Raleigh Limited, being companies as defined in the Companies Act, 1958, and having their registered offices at Birlagram, Nagda (Madhya Pradesh), and 1, Middleton Street, Calcutta, respectively;
(i) words and expressions used herein and not defined but defined in the Companies Act, 1956, shall have the meanings, respectively, assigned to them in that Act.
CHAPTER II ACQUISITION OF THE UNDERTAKINGS OF THE TWO COMPANIES
3. On the appointed day, the undertakings of each of the two companies, and the right, title and interest of each of the two companies in relation to such undertakings, shall, by virtue. of this. Ordinance, stand transferred to, and shall vest in, the Central Government, Short title and commencement.
Definitions.
Transfer to, and vesting in, Central Government of the undertakings of the two companies.
1 of 1956.
1 of 1956.
SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 503