LawgistThe Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act
3Transfer to, and vesting in, the Central Government of the undertakings of the two companies
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 the Act, stand transferred to, and shall vest in, the Central Government.
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ACQUISITION OF THE UNDERTAKINGS OF THE TWO COMPANIES
- 3 Transfer to, and vesting in, the Central Government of the undertakings of the two companies
- 4 General effect of vesting
- 5 Owners of the two Companies to be liable for certain prior liabilities
- 6 Power of Central Government to direct vesting of the undertakin gs of the two com panies in two Government Companies
