The Hind Cycles Limited and Sen-Raleigh Limited (Nationalisation) Act

Management, etc., of the undertakings of the two companies

Duty of persons in charge of management of the undertakings of the two companies to deliver all  assets, etc

Duty of persons to account for assets, etc., in their possession

Accounts and audit


MANAGEMENT, ETC., OF THE UNDERTAKINGS OF THE TWO COMPANIES


The Custodian or Custodians of the undertakings of either, or both, of the
two companies shall maintain an account of the undertakings of the concerned company or companies in
such form and manner and under such conditions as may be prescribed and the provisions of the
Companies Act, 1956 (1 of 1956), shall apply to the audit of the accounts so maintained as they apply to
the audit of the accounts of a company.

LAWGIST

# 12 Accounts and audit