The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 361] NEW DELHI, THURSDAY, AUGUST 3, 1972/SRAVANA 12, 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 Industrial Development)
ORDER
New Delhi, the 3rd August 1972
S.O. 517(E)/18A/IDRA/72.—Whereas the Central Government is of the opinion that Natraj Spinning & Weaving Mills Ltd., Nirmal, Adilabad District, A. P., 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 National Textile Cor- poration, (hereinafter referred to as Authorised Controller) to take over the management of the whole of the said undertaking, namely the Natraj Spinn- ing & Weaving Mills Ltd., subject to the following terms and conditions, name- ly:—
(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 Authorised Controller earlier, if it considers it necessary to do so.
1476 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(ii)]