The Gazette of India
EXTRAORDINARY
PART II-Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 131] NEW DELHI, SATURDAY, APRIL 28, 1979/VAISAKHA 8, 1901
Separate paging is given to this Part in order that if may be filed as a separate compilation.
656 THE GAZETTE OF INDIA : EXTRAORDINARY [PART_IL—SEC. 3 ( i )|MINISTRY OF STEEL AND MINES
(Department of Steel)
ORDER
New Delhi, the 28th April, 1979
G.S.R- 272(E).—In exercise of ihe powers conferred by section 13 of the Public Sector Iron and Steel Companies (Res- tructuring) and Miscellaneous Provisions Act, 1978 (16 of 1978) (hereinafter referred to as the said Act), the Central Government hereby makes the following Order, namely :—
1. Short title and commencement.—(1) This Order may be called the Public Sector Iron and Steel Companies (Restructur- ing) and Miscellaneous Provisions (Modification of Paid-up Shape Capital) Order, 1979.
(2) It ahall com© into force, (i) on and from the 1st May, '1978, in relation to the Integral Company, the Metallurgical and Engineering Consultants (India) Limited and the National Mineral Development Corporation Limited; and (ii) on and from the 30th April, 1979, in relation to the Bharat Refrac- tories Limited.
2. Modification of paid-up share capital of Integral Company etc.—The paid-up share capital of the Integral Company, the Bharat Refractories Limited, the Metallurgical and Engineer- ing Consultants (India) Limited and the National Mineral Development Corporation Limited shall stand reduced ox a" the case may he, increased as a result of transfer of shares, undertakings or immovable properties under the provisions of the said Act, as specified hereunder; namely :—
(i) Integral Company :
The paid-up share capital of the Integral Company shall stand reduced by Rs. 77,77,03,000 (Rupees seventy-seven crores, seventy-seven lakhs and three thousand) and, to grve effect to this reduction, 7,77,703 (seven lakhs, seventy-seven thousand seven hundred and three) of its shares of the face value of Rs. 1000 (Rupees one thousand) each bearing Noa. from 19025348 to 19803050 (both inclusive) shall stand cancelled.
(ii) Bharat Refractories Limited :
The paid-up share capital of the Company shall stand in- creased by Rs. 12,70,80,000 (Rupees twelve crores, ieventy lakhs and eighty thousand) and, to ttive effect to this increase, the Bharat Refractories Limited 3hall issue; 1,27,080 (one lakh, twenty seven thousand and eighty) of its shares of the face value of Rs. 1000 (Rupees one thousand) each to the Central Government on or before the 31st July, 1979.
(Hi) Metallurgical and Engineering Consultants (India)
Limited.
The paid-up share capital of the Company shall stand in- creased by R". 2,01,48,000 (Rupees two crores, one lakh and forty-eight thousand) and, to give effect to this increase, the Metallurgical and Engineering Consultants (India) Limited shall issue 20,148 (twenty thousand, one hundred and forty eight) of its shares of the face value of Rs. 1000 (One thousand) each to the Central Government on or before the 31st July, 1979.
(iv) National Mineral Development Corporation Limited,
The paid-up share capital of the Company shall stand re- duced by Rs. 30,70,31,000 (Rupees thirty crores, seventy lakhs and thirty one thousand) and, to give effect to this reduc- tion, 3,07,031 (three lakhs, seven thousand and thirty-one) of its shares of the face value of Rs. 1000 (Rupees one thousand) each bearing Nos. frorn 688173 to 995203 (botl inclusive) shall stand cancelled.
[No. 6(100)/78-SAIL.I/
S. N. ACHARYA, Jt Secy