The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 452] NEW DELHI, SATURDAY, DECEMBER 19, 1970/AGRAHAYANA 28, 1892
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF INDUSTRIAL DEVELOPMENT AND INTERNAL TRADE
(Department of Industrial Development)
ORDER
New Delhi, the 10th December 1970
S.O. 4000/18A/IDRA/10.—Whereas the Central Government is of the opinion that the Coimbatore Murugan Mills Ltd., Coimbatore, an industrial undertaking In respect of which an investigation has been made under Section 15 of the Indus- tries (Development and Regulation) Act, 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 Tamil Nadu Textile Corpora- tion Ltd. (hereinafter referred to as Authorised Controller) to take over the management of the whole of the said undertaking namely, the Coimbatore Murugan Mills Ltd., Coimbatore, subject to the following terms and conditions, namely:—•
(I) The Authorised Controller shall comply with all directions issued from
time to time by the Central Government;
(ii) The Authorised Controller shall hold office for five years from the date of publication in the official gazette of this notified order;
(iii) The Central Government may terminate the appointment of the Autho- rised Controller earlier if it considers necessary to do so.
This order shall have effect for a period of five years commencing from the date of Its publication in the official gazette.
[No. F.9(8)Lic.Pol./68.]
I962 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(11)]