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The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 389] NEW DELHI. WEDNESDAY, SEPTEMBER 7, 1977 BHADRA 16,1899

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 1th September 1977

S.O 601 (E)—whereas by the Order of the Government of India in the Ministry of Industry No S O 338(E), dated the 16th May, 1977, the management of the industrial undertaking known as Messrs-Union Jute Company Limited, Calcutta (hereinafter referred to as the said industrial undertaking) has been taken over under section 18FA of the Industries (Development and Regulation) Act, 1951 (65 of 1951), for a period of five years upto and inclusive of the 15th May, 1982

And whereas the Central Government is satisfied that in relation to the said Industrial undertaking it is necessary so to do in the interest of the general pub- lic with a view to preventing fall in the volume of production of the scheduled industry, namely, Jute Industry,Now, therefore, in exercise of the powers conferred by clause (b) of sub- section (1) of section 18FB of the said Act, the Central Government hereby de- clares that the operation of all contracts, assurances of property, agreements, settlements, awards, standing orders or other Instruments in, force immediately before the date of issue of this Order (other than those relating to secured liabi- lities to banks, and financial institutions) to which the said industrial undertaking or the company owning such industrial undertaking is a party or which may be applicable to such industrial undertaking , or company shall remain suspended for a period of one year and that all the rights, privileges obligations and liabilities accruing or arising there-under before the said date shall remain suspended for the said period [No F 3/4/77.CUC] P. C. NAYAK. Jt Secy. (2541)