The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 469] 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
ORDER
New Delhi, the 30th October 1972
S.O 684(E)/l8A/IDRA/72.—Whereas the Central Government is of the opinion that the Suraj Textile Mills Limited, Malout Mandi, (Punjab), an industrial under- taking 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 18-A of the said Act, the Central Government hereby authorises the National Textile Corporation Limited, (hereinafter referred to as Authorised Controller) to take over the management of the whole of the said undertaking, namely the Suraj Textile Mills Limited, Malout Mandi 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 Autho- rised 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.
1846 THE GAZE1TE OF INDIA EXTRAORDINARY [PART II—SEC. 3(10]