The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 507] NEW DELHI, THURSDAY, NOVEMBER 25, 1976/AGRAHAYANA 4, 1898
Separate paging is given to this Part in order that it may be filed
as a separate compilation
MINISTRY OF INDUSTRY
(Department of Industrial Development)
ORDER
New Delhi, the 25th November 1976
S.O. 753(E)/18AA/IDRA/76.—Whereas the Central Government is satisfied, from the documentary and other evidence in its possession, that the persons in charge of the indus- trial undertaking known as Messrs. Pulgaon Cotton Mills Limited, Pulgaon, have by creation of incumbrances on the assets of the industrial undertaking, brought about a situation which is likely to affect the production of articles manufactured or produced in the said industrial undertaking and that immediate action is necessary to prevent such a situation;
Now, therefore, in exercise of the powers conferred by clause (a) of sub-section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951 (65 of 1951), the Central Government hereby authorises the Maharashtra State Textile Corporation Limited (hereinafter referred to as the authorised person) to take over the management of the whole of the said industrial undertaking subject to the following terms and condi- tions, namely:—
2 x 30 THE GAZETTE OF INDIA EXTRAORDINARY PAST II—SEC. 3(11)(iii) The Central Government may terminate the appointment of the authorised person earlier, if It considers 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(17)/75-CUC]
A. K. GHOSH, Addl. Secy.