THE GAZETTE OF INDIA: EXTRAORDINARY

[PART II—SEC. 3 (i)]

MINISTRY OF TEXTILES

NOTIFICATION

New Delhi, the 27th November. 2001

CS.R, 865(£).—In exercise of the powers conferred by Section 36 of the Texiile Undertakings fNHtiomdisarion)

ACT, J yy j (3 9 of 1995) die Central Government hereby makes the following rules, namely :—

L Short litte and commencement.—(1) These rules may be called the Texiile Undertakings (^Nationalisation)

flaixiis Rules. 2001.

(I¹) 7i\cy *h<ul come vtto iai tv on the- date of choir [jubilation in the Official Gazette.

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

(a)

"Act¹ means die Textile Undertakings (Nationalisation) Act, 1995 (39 of 1995);

(b)

"section" means a section of the Act;

(c)

words and expressions used in these rules and not defined but defined in die Act shall have the meanings

respectively assigned to them in die Act.

3. Time limit for intimation.—Every mortgagee of any property which was vested under die Act in die Central

GovernmenL or in an existing Government (company) as die case may be, and every person holding any charge, lien or otiier

interest in, or in relation to, any such property, shall give intimation of such mortgage, charge, lien or odier interest, to die

Commissioner within a period of thirty days from such date as may be specified by the Central Gov eminent under section

20 of the Act.

Provided that if the Commissioner is satisfied that the mortgagee or the person holding any charge, lien or other

interest was prevented by sufficient cause from giving the intimation within the said period of thirty days, he may, after

recording reasons in writing, receive the intimation within a furtherperiod of fhiry days but not thereafter.

4. Manner of intimation.—(1) Every intimation to be given to the Commissioner under rule 3, shall be in writing,

addressed to the Commissioner and shall contain the following particulars, namely :—

(a)

name, description and full address of the mortgagee or the person holding charge, lien or other interest in or

in relation to such property;

(b)

name, description and full address oflhe textile undertaking in respect of which fJic claim is made.

<e)

.'iKtouii! OJ' cljnii fin Indian currency);

(i}

under sub-section (5) of section 4

Rs,

(ii)

under section 8

(iii)

under sub-section (1) of section 9

Rs.

(iv)

under sub-section (2) of section 9

(v)

under sub-section (2) of section 18

...

Rs.

(vi)

under sub-section (3) of section 18

Rs.

(vii)

TGial amount of claim

(d)

particulars of the instrument, if any, by which the mortgage, charge, Jien or other interest is secured,

supported by an attested copy of the instrument;

(e)

amount, if any, already received withparticulars;

(f)

any other particulars relevant to the claim;

(g) • reliefclaimed.

(2)

Every intimation should be duly signed and verified by the mortgagee or tho person holding the charge, lien

or other interest, or by a person duly authorised by the mortgagee or the person holding the charge, as the

case may be.

(3)

Every intimation under sub-rule (1) shall be filed in the offices of the Commissioner of Payments at NTC

Premises Corc-IV, Scope Complex, 7, Lodhi Road, New Delhi, on al I working days during office hours or may

be sent by registered post with acknowledgement due,

p No. 190I8/8/2001-NTC]

T.NANDAKUMARJt Sccv

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