384

THE GAZETTE OF INDIA : EXTRAORDINARY

[PAfcT II—Sue 3(ii^

MINSTRY OF AGfflCWUSE

(Department of Indorfrtal Development)

NOTIFICATION

New Delhi, the 27th March, 1981

'S.O. 218(E).—In exercise of the

powers

conferred by

i section 31 of thte Hind Cycles

Limited

and Sen-Raleigh

'Limited (Nationalisation) Act. 1980 (70 of 1980). the Central

' Government hereby makes the following rules namely ;—

i; Short title and commencement.—(1) These rults may

be called the Hind Cycles Limited and SenrRaleigh Ltd.

(Nationalisation) Rules, 1981.

(.2) IThey shall come into force on the date of their publi-

cation in the Official Gazette.

2. Definitions.—In these rules, unless the context otherwise

iroquites :—

(a) "Act" means the Hind Cycles Lilmted and Sen-Raliegh

Limited (Nationalisation) Act. 1980.

> (b) 'section' means a section of the Act-

3.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

section 18 :

Provided that if the Commissioner » satisfied that

the

mortgagee of the person holding any charge, lien or other

interest was prevented by sufficient cause from jiving 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.

4. Manner of intimation.—(1) Every intimation to be given

to the Commissioner under rule 3 shall be in writing addres-

sed to the Commissioner, and shall contain the following

particulars, namely :—

(a) Name, description and full address of the mortgagee/

charge, Hen or other interest holder ;

(b) Name of the undertaking in respect of which the

claim is made ;

(c) amount of claim (in Indian currency) ;

(d) particulars of the instrument, if any, by which the

mortgage, charge, lien or other interest is secured,

supported by an attested copy of the instrument ;

fe) amount, if any, already received, with particulars ;

(f) any other particulars relevant to the claim ;

(g) relief claimed.

(2) Every intimation shall be duly signed and verified by

the mortRagee, Or the person holding the charge, lien or

other interest or by a person duly authorised by him.

(3) Intimation may be filed in the office of the Commis-

sioner at Calcutta or Bombay on all working days during

office hours or may be sent to the Commissioner by registered

post with acknowledgment due.

[File No. IME-49(10)/81]

MANISH BAHL, Jt. Secy.

PRINTED BY THE MANAGE*, OOVT. OF INDIA. PRESS, RING ROAD, NEW DELHI-110064

AND rUBUSHBD BY THE CONTROLLH» OF PUBLICATIONS, DELHI-110054, 1981