The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 472] NEW DELHI, FRIDAY, NOVEMBER 4,1977/KARTIKA 13,1899
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 4th November 1977
S.O. 752(E)/18AA/IDRA/'n.—Whereas the Central Government is satisfied from the documentary evidence in its possession that the industrial undertaking known as Messrs Somasundaram Super Spinning Mills, Muthanendal, Ramanatha- puram Dist, Tamil Nadu, has been closed for a period exceeding three months and such closure is prejudicial to the concerned scheduled industry, namely, cot- ton textile industry, and that the financial condition of the company owning the industrial undertaking and the condition of the plant and machinery of such, undertaking are such that it is possible to re-start the undertaking and such re- starting is necessary in the Interests of the general public,
Now, therefore, in exercise of the powers conferred fey clause (b) of sub-sec- tion (1) of section 18AA of the Industries (Development and Regulation) Act, 1951 (65 of 1951), the Central Government hereby authorises 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 —
2^62 THE GAZETTE OF INDIA EXTRAORDINARY PART II—SEC. 8(11) (3) The Central Government may terminate the appointment of the autho- rised person earlier, ]f it considers it necessary- to do so.2. This Order shall have eflect for a period of five years commencing from the date of Its publication in t;ie Official Gazette
[No. F. 3(14)/77-CUC]
G N MEHRA, Jt Secy