The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 329] NEW DELHI, SATURDAY, JULY 23, 1977/SRAVANA 1, 1899
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 23 rd July 1977
S.O. 583(E)/18A/IDRA/77.— Whereas the Central Government is, of the opinion that Messrs Priyalaxmi Mills, Baroda, Gujarat, an industrial undertaking, belonging to Shree Kesh- ariya Investment Limited, New Delhi in respect of which an investigation has been made under section 15 of the Industries (Development and Regulation 1 Act, 1951 (65 of 1951), is being mana- ged 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 Gujarat State Textile Corporation (hereinafter re- ferred to as 'Authorised Controller") to take over the management of the whole of the said under- taking, namely, Messrs Priyalaxmi Mills, Baroda, Gujarat, subject to the following terms and conditions, namely —
CO The Authorised Controller shall comply with all directions issued from time to time by the Central Government.
(11) The Authorised Controller shall hold office for a period of five years from the date of publication in the Official Gazette of this Order.
(111) The Central Government may terminate the appointment of the Authorised Con- troller earlier, if it considers it necessary to do so.
2. This Order shall have effect for a period of five years commencing from the date of
2380 THE GAZETTE OF INDIA EXTBAORDINARY PART II—SEC. 3(11)