The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 462] NEW DELHI, TUESDAY, NOVEMBER 1, 1977/KARTIKA 10,1899
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 1st November 1977
S.O. 74l(E).—Whereas by the Order of the Government of India in the late Ministry of Industry and Civil Supplies (Department of Industrial Development) No. SO, 512(E), dated the 30th July, 1978, the management of the industrial undertaking known as Messrs National Company Limited, Calcutta (hereinafter referred to as the said Industrial undertaking) has been taken over under section 18AA of the Industries (Development and Regulation) Act, 1951 (65 of 1951), for a period of five years upto and inclusive of the 29th July, 1981,
And whereas the Central Government is satisfied that in relation to the said industrial undertaking it is necessary so to do in the Interests of the general public with a view to preventing fall in the volume of production of the scheduled in- dustry, 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 or 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 liabili- ties to banks and financial institutions) to which the said industrial undertaking or the company owning the said industrial undertaking is a party or which may be applicable to the said 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 thereunder before the said date shall remain suspended for the said period,
2^38 ™ GAZETTE OJf INDIA. EXTRAORDINABY PART II—SW- 3(li)