The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 87] NEW DELHI, WEDNESDAY, FEBRUARY 15, 1967/MAGHA 26, 1888
Separate paging is given to this Part in order that it may be filed
as a separate compilation.
MINISTRY OF HOME AFFAIRS
NOTIFICATION
New Delhi, the loth February 1967
S.O. 596.—In exercise of the powers conferred by section 73 of the Punjab Reorganisation Act, 1968 (31 of 1966), the Central Government hereby directs that until otherwise provided and notwithstanding anything to the contrary con. tained in the Companies Act 1956 (1 of 1956) or in the Articles of Association of each of the companies referred to in clauses (i) to (vi) of sub-section (1) of that section,—
(a) there shall, in addition to the existing directors as provided in the aforesaid Article of Association, be four directors for each of the aforesaid Companies, of whom two shall be appointed by the Govern- ment of Haryana, one by the Administrator of Himachal Pradesh and one by the Administrator of Chandigarh and each such director shall hold office at the pleasure of the authority by which he was appointed;
(b) it shall not be necessary for the additional directors appointed under clause (a) to hold any shares in the companies to which they are so appointed and each such director shall have, and be subject to, the same powers, duties and obligations as those which any other director (not being a managing director), has or is subject to;
4o6 THE GAZETTE ,OF INDIA EXTRAORDINARY [PAXT 11-SEC J(U)]the Government of Haryana and the Administrators taf Himachat Pradesh and Chandigarh; and
(d) the Articles of Association aforesaid shall have effect accordingly and shall be read subject to such consequential amendments as may be necessary.
[No. F. 17/82/66-SR-]
K. R. PRABHU, Jt. Secy.