The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No.114] NEW DELHI, THURSDAY, FEBRUARY 24,1972/PHALGUNA 5,1893
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 24th February, 1972.
S.O. 158(E)/18/IDRA/72.—Whereas the Central Government is of the opinion that Cannanore Spinning and Weaving Mills Ltd., Cannanore (Kerala) and Cannanore Spinning and Weaving Mills/ Ltd., Mahe (Pondicherry), Industrial undertakings in respect of which an investigation has been made under section 15 of the Industries (Development and Regulation) Act, 1951 (85 of 1951), are 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 National Textile Corporation Ltd., (hereinafter referred to as Authorised Controller) to take over the manage- ments of the whole of the said undertakings, namely, Cannanore Spinning and Weaving Mills Ltd., Cannanore (Kerala) and Cannanore Spinning and Weaving Mills Ltd., Mahe (Pondicherry), subject to the following terras 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;
372 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(11)]