The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 551] NEW DELHI, THURSDAY, DECEMBER 23, 1976/PAUSA 2, 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 23rd December 1976
S.O. 823(E)/18AA/IDRA/76.—Whereas the Central Government is satisfied from the documentary and other evidence in its possession, that Messrs. Cauvery Spinning and Weaving Mills Limited, Pudukkotai (hereafter in this Order referred to as the said industrial undertaking) has been closed for a period of not less than three months and such closure is prejudicial to the concerned scheduled industry, namely, the cotton textile industry, 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 under- taking 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 authorised the Tamil Nadu Textile Corporation (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 conditions, namely:—
(i) The authorised person shall hold office for a period of five years from the date of publication of this Order in the Official Gazette; (ii) The authorised person shall comply with all the directives issued from
time to time by the Central Government;
(iii) The Central Government may terminate the appointment of the
Mga THE QAZETTE OF INDIA EXTRAORD1NABY Tlil"i II •fiJIW)