The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 505] NEW DELHI, WEDNESDAY, NOVEMBER 29, 1972/AGRAHAYANA 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 29th November 1972
S.O. 727(E)/18A/IDRA/72.—Whereas the Central Government is of the opinion that Messrs. Containers and Closures, Limited, Calcutta, an indus- trial undertaking in respect of which an Investigation has been made under sec- tion 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 the Industrial Reconstruc- tion Corporation of India Limited, Calcutta (hereinafter referred to as "Autho- rised Controller") to take over the management of the whole of the said under- taking, namely Messrs. Containers and Closures, Limited Calcutta, 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 Order.
(iii) The Central Government may terminate the appointment of the Authorised Controller earner, if it considers it necessary to do so.
1988 THE GAZETTE 01- INDIA EXTRAORDINARY [PART II—SEC. 3(ii)]