The Gazette of India
EXTRAORDINARY
P A RT I I — S e c t i on 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 515] NEW DELHI, TUESDAY, OCTOBER 19, 1971/ASVINA 27, 1893
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 19th October 1971
S.O. 4028|IDRA|18A|71.—Whereas the Central Government is of the opinion thai the Mysore Spinning and Manufacturing Co. Ltd., Bangalore an industrial under- taking in respect of which an investigation has been made under Section 15 of the Industries (Development & 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 National Textile Corporation (hereinafter referred to as Authorised Controller) to take over the management of the whole of the said undertaking, namely, the Mysore Spinning and Manufac- turing Co. Ltd., Bangalore, 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; and (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.
"974 T HE GAZETTE OP INDIA EXTRAORDINARY [PART II—SEC. 3(Ii>