The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 385] NEW DELHI, THURSDAY, AUGUST 24, 1972/BHADRA 1, 1894
Separate pairing is given to this Part in order that it may be filed
as a separate compilation.
MINISTRY OF INDUSTRIAL DEVELOPMENT
ORDER
New Delhi, the 24th August 1972
SO. 564(E)/l8A/IDRA/72.—Whereas the Central Government is of the that the Bihar Cooperative Weavers' Spinning Mills Ltd., Mokameh (Bihar), 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 detrimental to public interest.
Now, therefore, in exercise of the powers conferred by Section 18A of the said Act, the Central Government hereby authorises National Textile Corporation Ltd., (hereinafter referred to as Authorised Controller) to take over the management of the whole of the said undertaking, namely the Bihar Cooperative Weavers' Spinning Mills Ltd., Mokameh 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.
(iii) The Central Government may terminate the appointment of the Authorised Controller earlier, if it considers it necessary to do so.
This order shall have effect for a period of five years commencing from the date of its publication in the official gazette
1556 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SF.C 3(ii)]