The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
NO. 329] NEW DELHI, MONDAY, JULY 10 1972/ ASADHA 19, 1894
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF INDUSTRIAL DEVELOPMENT
(Department of Iudustrial Development)
ORDER
New Delhi, the 10th July, 1972
S.O. 483(E)/18A/IDRA/72.—Whereas the Central Government is of the opinion that the Parvathi Mills Ltd., Quilon, 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 1951) is being managed in a manner highly deterimental to public interest.
Now, therefore, in exercise of the powers conferred by Section 18A of the said Act, the Central Government hereby authorises the Kerala Textile Corporation (herein- after referred to as Authorised Controller) to take over the management of the whole of the said undertaking, namely the Parvathi Mills Ltd., Quilon 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.
I 3<4 THE GAZETTE OP INDIA EXTRAORDINARY [PAST II—SEC. 3(U)J (111) The Central Government may terminate the appointment of the Authorised Controller earlier, if it considers it necessary to do so.Thi" order shall have effect for a period of five years commencing from the date of its publication in the official gazette.
[No. F. 3/22/72-CUC]
K. S. BHATNAGAR, Joint Secy.