The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 304] NEW DELHI, MONDAY, JULY 8, 1974/ASADHA 17, 1896
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 8th July 1974
S.O. 426(E)/18AA/IDRA/74. Whereas the Central Government is satisfied from the documentary evidence in its possession that the Chemical unit of M/s. Associated Industries (Assam) Ltd., Chandrapur (hereafter in this Order referred to as the said Industrial Undertaking) has been closed for a period of not less than three months and that such closure is prejudicial to the concerned scheduled industry, namely, the Single Superphosphate fertilizer and Sulphuric Acid industries and that the financial condition of the company owning the said industrial undertaking and the condition of the plant and machinery of such undertaking are such that it is possible to re-start, the undertaking and such re- starting is necessary in the interests of the general public;
Now, therefore,, in exercise of the powers conferred by Clause (b) of sub- section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951 (65 of 1951) the Central Government hereby authorises the Assam Industrial Development Corporation Limited, Kannachal Road, Gauhati-3 (here- inafter referred to as the authorised person) to take over the management of the Chemical unit of the said Industrial Undertaking subject to the following terms and conditions, namely:—
(1) the authorised person shall comply with all directions, issued from
time to time by the Central Government;
(2) the authorised person shall hold office for a period of five years from
the date of publication of this Order in the Official Gazette; and
(3) the Central Government may terminate the appointment of the autho-
I 420 THE GAZETTE OF INDIA EXTRAORDINARY [PARr II—SEC. 3(ii)]