EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 468] NEW DELHI, MONDAY, OCTOBER 30, 1972/KARTIKA 8, 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 30th October 1972
S.O. 683(E)/18A/IDRA/72 —Whereas the Central Government is of the opinion that Messrs Balaramavarma Textiles Limited. Shencottah an industrial undertaking in respect of which1 an Investigation has been made under section 15 of the Indus- tries (Development and Regulation) Act, 1951 (65 of 1951), is being managed in a manner highly determental to public interest;
Now, therefore, in exercise of the powers conferred by Section 18A of the said Act, the Central Government hereby authorises the Tamil Nadu Textile Corporation Ltd., (hereinafter referred to as Authorised Controller} to take over the management of the whole of the said undertaking, namely Messers Balaramavarma Textiles Limi- ted, Schencottah, subject to the following terms and condition, 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 Autho- rised Controller earlier, if it considers it necessary to do so.
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. 3/1/72-CUC]
i 44 x"- OAzjjilE UF INDIA EXTRAORDINARY [PART II—SEC. J(ii)J