The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 450] NEW DELHI, WEDNESDAY, OCTOBER 11, 1972/ASVINA 19, 1894
Separate paging is given to this Part in order that it may be filed
as a separate compilation
MINISTRY OF INDUSTRIAL DEVELOPMENT
ORDER
New Delhi, the 11th October 1972
S.O. 653(E)/18FB/IDRA/72.—Whereas In exercise of the powers conferred by action 18A of the Industries (Development and Regulation) Act. 1951 (65 of 1951), the Central Government, by its Order No. S.O. 333(E)/18A/IDRA/72, dated the 4th May, 1972, authorised the Indian Drugs and Pharmaceuticals Ltd., New Delhi (hereinafter referred to as the Authorised Controller) to take over the manage- ment of Smith, Stanistreet and Co. Ltd., Calcutta (hereinafter referred to as the said undertaking);
And whereas the Authorised Controller had taken over the management of the said undertaking on the 8th May, 1972;
And whereas the Central Government is satisfied that it is necessary so to do in the interests of the general public with a view to preventing fall in the volume of production of drugs and Pharmaceuticals;
Now, therefore, in exercise of the powers conferred by sub-section (1) of sec- tion 18FB of the said Act, the Central Government hereby declares that—
(a) the operation of all contracts, assuraces of property, agreements, settle- ments, awards, standing orders or other instruments in force (to which the said undertaking is a party or which may be applicable to the said undertaking) Immediately before the date of publication of this Order in the Official Gazette (other than those relating to secured liabilities to banks and financial Institutions); and
(b) all rights, privileges, obligations and liabilities accruing or arising there-
under before the said date shall remain suspended, 2. This Order shall remain in force up to 10th day of October, 1973.
1786 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(i!)]