The Gazette of India
EXTRAORDINARY
PART II- Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 55] NEW DELHI, FRIDAY, JANUARY 28, 1971/MAGHA 8, 1893
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF INDUSTRIAL DEVELOPMENT
(Department of Industrial Development)
ORDER
New Delhi, the 28th January 1972
S.O. 72(E)/I8A/IDRA/72:--Whereas the Central Government is of the opinion that 'Central Cotton Mills Ltd., Calcutta, an industrial undertaking in respect of which, an investi- gation has been made under section 15 of the Industries, (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 power conferred by section 18A of the said Act, the 'Centre! Government hereby authorises the National Textile Corporation Ltd., (hereinafter referred to as Authorised Controller) to take over the management of the whole of the said undertaking, namely, Central Cotton Mills Ltd., Calcutta, subject to the following terms and conditions, namely:—
(i) The Authorised Controller shall comply with all directions issued from time to to time by the Central Government;
(ii) The Authorised Controller shall hold office for five years from the date of publi- cation in the official gazette of this notified order;
(iii) The Central Government may terminate the appointment of the Authorised Con- troller earlier, if it considers it necessary to do so.
2, This Order shall have effect for a period of five years commencing from the date of its publication in the official gazette.
196 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(li;h