The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980
Administered Ministry: Ministry of Heavy Industries and Public Enterprises / Department of Heavy Industry
Act details
| Short title | The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980 |
|---|---|
| Long title | An Act to provide for the acquisition of the undertakings of the Hind Cycles Limited, and Sen-Raleigh Limited, with a view to securing the proper management of such undertakings so as to subserve the interests 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. |
| Act number | 70 of 1980 |
| Act year | 1980 |
| Enactment date | 27 Dec 1980 |
| Ministry | Ministry of Heavy Industries and Public Enterprises / Department of Heavy Industry |
| Department | Department of Heavy Industry |
| Jurisdiction | Central (Parliament of India) |
| Sections | 34 |
| Schedules | 3 |
| Status | Not repealed |
| Last checked on India Code | 2 Nov 2026 |
| Source | India Code, Government of India |
Summary
Summary of The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980
Purpose: Nationalization of Hind Cycles Limited and Sen-Raleigh Limited to ensure continued production of bicycles and components, vital for the national economy.
Key Provisions
1. Enactment & Commencement:
• Enacted by Parliament in the Thirty-first Year of the Republic of India.
• Commencement Date: Deemed effective from 15th October, 1980.
2. Definitions & Schedules:
• Appointed Day: 15th October, 1980.
• Companies:
• Hind Cycles Limited
• Sen-Raleigh Limited (inclusive of other specified companies).
• Schedules:
• First Schedule: Lists compensation for each company.
• Hind Cycles Limited: ₹241.47 lakhs
• Sen-Raleigh Limited (and others): ₹708.00 lakhs + additional amounts for other included companies.
• Second Schedule: Specifies annual rates for maintenance/support.
• Both Hind Cycles Limited and Sen-Raleigh Limited: ₹8,000 each.
3. Provisions
• Acquisition & Nationalisation: Undertakings acquired to serve public interest.
• Previous Management Takeover: Under the Industries (Development and Regulation) Act, 1951.
• Compensation: Detailed in schedules, but calculation/payment terms not fully provided.
Legislative history
Legislative History:
The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980
● Act Title - The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act, 1980
● Act Number / Year - 70 of 1980
● Act ID (India Code) - 198070
● Presidential Assent Date - December 27, 1980
● Enforcement Date - October 15, 1980
● Nodal Ministry - Ministry of Heavy Industries & Public Enterprises
Precedent & Historical Rationale
● Preservation of National Bicycle Manufacturing Capacity - Hind Cycles Limited (Bombay and Ghaziabad) and Sen-Raleigh Limited (Asansol and Kanyapur) were major pioneer enterprises in India's bicycle manufacturing industry. Severe financial distress, industrial sickness, and operational disruption in the 1970s threatened total closure of these manufacturing facilities.
● Nationalisation and Reorganisation into Cycle Corporation of India Limited - Formulated to acquire and transfer the undertakings of both companies to the Central Government to protect the livelihoods of thousands of industrial workers, maintain essential domestic bicycle supply, and preserve national manufacturing infrastructure. The management and assets of the nationalized undertakings were subsequently vested in a newly created public sector enterprise, Cycle Corporation of India Limited (CCIL).
Parliamentary Trajectory & Enactment
● Formulation - Introduced by the Union Ministry of Industry (Department of Heavy Industry) to replace the Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Ordinance, 1980 (Ordinance 16 of 1980) promulgated by President N. Sanjiva Reddy on October 15, 1980.
● Parliamentary Passage - Debated and passed by both Houses of Parliament (Seventh Lok Sabha and Rajya Sabha) during the winter session in December 1980.
● Presidential Assent - Received Presidential Assent on December 27, 1980.
● Enforcement - Enforced on October 15, 1980.
Source - Official Record of Parliament, India Code, and Ministry of Heavy Industries Public Enterprises.