The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-Section (ii)
PUBLISHED BY AUTHORITY
No. 20] NEW DELHI, MONDAY, JANUARY 16, 1978/PAUSA 26, 1899
Separate paging is given to this part in order that it may be filed as a separate
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44 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]MINISTRY OF INDUSTRY
(Department of Industrial Development)
ORDER
New Delhi, the 16th January, 1978
S.O. 21(E)/18FB/II>RA/78.—Whereas by the Order of the Government of India in the Ministry of Industry (Department of Industrial Development) No. S.O. 840XE)/18A/IDRA/77, dated the 15th December, 1977, the management of the industrial vindertaking known as Bengal Chemical and Pharmaceutical Works Limited, Calcutta, has been taken over under section 18A of the Industrie1! (Development and Regulation) Act, 1951 (65 of. 1951), for a penod upto and inclusive of the 14th December, 1979 ;
And whereas the Central Government is satisfied that 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 drugs and Pharmaceuticals ;
Now, therefore, in exercise of the powers conferred by sub-section (1) of section 18FB of the said Act, the Central Government hereby declares that the operation of all the contracts, assurances of property, agreements, settlements., awards, standing orders or other instruments entered into before the 15th December, 1977 and in force immediately before the date of publication of this Order in the Official Gazette and relating to banks and financial institu- tions, to which the said industrial undertaking or the company owning such undertaking is a party or which may be applicable to the said industrial under- taking or company, shall remain suspended for a period of one year from the date of publication of this Order in the Official Gazette, and that till the rights, piivileges, obligations and liabilities accruing or arising thereunder before the said date shall remain suspended for the said period.
[F. No. 4/26/76-CUC]
G, V. RAMAKRISHNA, Additional Secy.