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The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 146] NEW DELHI, THURSDAY, MARCH 161971/PHALGUNA 26, 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 16th March 1972

S.O. 193(E)/l8/IDRA/72.—Whereas the Central Government is of the opinion that Mill No. 1 at Konnagar of M/s. Bengal Fine Spinning and Weaving Mills Limited., Calcutta, an industrial undertaking in respect of which an investigation has been made under section 15 of the Industries (Development and Investigation) 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 authorise the National Textile Corporation Ltd.. (hereinafter referred to as Authorised Controller) to take over the manage- ment of the whole of the said undertaking namely Mill No. 1 at Konnagar of M/s. Bengal Fine Spinning and Weaving Mills Ltd., Calcutta, subject to the fol- lowing terms and conditions namely: —

(1) 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 publications in the official gazette of this notified order;

(iii) The Centra] Government may terminate the appointment of the Autho-rised Controller earlier, if it considers it necessary. 2. 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(23)/Lic . Pol./71.] K. S. BHATNAGAR. Jt. Secy. ( 475 )