The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 357] NEW DELHI, WEDNESDAY, OCTOBER 22, 1969/ASVINA 30, 1891
Separate paging is given to this Part in order that it may be filed
as a separate compilation.
MINISTRY OF INDUSTRIAL DEVELOPMENT. INTERNAL TRADE AND
COMPANY AFFAIRS
(Department of Industrial Development)
ORDERS
New Delhi, the 22nd October 1969
S.O. 4320/18A/IDRA/69.—Whereas the Central Government is of the opinion that the Krishnaveni Textiles Ltd., Coimbatore, an industrial undertaking in res- pect of which investigation has been made under Section 15 of the Industries (Development and Regulation) Actt 1951 (65 of 1951), is being managed in a manner highly detrimental to public interest;
Now, therefore, in exercise of the powers conferred by Section 18A of the said Act, the Central Government hereby authorises the Tamilnadu Textile Cor- poration Ltd., Madras (hereinafter referred to as Authorised Controller), to take over the management of the whole of the said undertaking, namely, the Krishna- venl Textiles Ltd., Coimbatore, subject to the following terms and conditions, namely:—
(1) The Authorised Controller shall comply with all directions issued from time to time by the Central Government;
1368 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(11)] 2. This order shall have effect for a period of two years commencing on the date of its publication in the Official Gazette. [No. F. 8(0)Lic.Pol.|6fl.]S.O. 4321/18A/n>RA76f).~Whereas the Central Government is of the opinion that the Cambodia Mills Ltd., Coimbatore, an industrial undertaking in respect of which an investigation has been made under Section 15 of the Industries (Development and Regulation) Act, 1951 (65 of 1661), is being managed in a manner highly detrimental to public interest:
Now, therefore, in exercise of the powers conferred by Section 18-A of th^ said Act, the Central Government hereby authorises the Tamilnadu Textile Cor- poration Ltd., Madras (hereinafter referred to as Authorised Controller), to take over the management of the whole of the said undertaking, namely, the Cambo- dia Mills Ltd., Coimbatore, subject to the following terms and conditions, namely:— (i) The Authorised Controller snail comply with all directions' issued from time to time by the Central Government;
(ii) the Authorised Controller shall hold office for two years from the date of publication in the official Gazette of this order. The Central Government may terminate the appointment of the Authorised Con- troller earlier if it considers necessary to do so.
2. This Order shall have effect for a period of two years commencing on the date of its publication in the official Gazette.
[No. F, ft(9)Lic.Pol.|68.]
K. D. N. SINGH, Jt. Secy.