The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 385] NEW DELHI, SATURDAY, SEPTEMBER 22, 1979/BHADRA 31, 1901
Separate paging is given to this Part in order that it may be filed as a separate compilation
952 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)J MINISTRY OF INDUSTRY(Deportment of Industrial Development)
ORDER
New Delhi, the 22nd September, 1979
S.O. 541(E)/18AA/IDRA/79.—Whereas M/s. National Iron and Steel Company Limited, llowrak (hereinafter lefer- red to as the said industrial undertaking) is engaged in a scheduled industry, namely Tron & Steel Industry.
And whereas from (he documentary and other evidence in its possession, the Central Government is satisfied, in relation to the said industrial undertaking, that it has been closed for a period of not less than three months and such closure is prejudicial to the concerned scheduled industry and that the financial condition of the company owning the industrial undertaking and the condition of the plant and machineiy of such undertaking are such that it is possible to re-atart the undertaking and such re-starting is necessary in the interests of the general public ;
Now, therefore, in exercise of the powers conferred by clause (b) of sub-section (1) of Section 18AA of the Industries (Development and Regulation) Act, 1951 (65 of 1951), the Central Government hereby authorises Secretary, Closed and Sick Industries Department, Government ol West Bengal, Calcutta (hereinafter referred to as the authorised person), to take over the management of the whole of the said indu- strial undertaking, subject to the following terms and condi- tions, namely :—
(I) The authorised person shall comply with all the directions issued from time to time by the Central Government.
(11) The authorised person shall hold office for a period of three years from the date of publication of this order in the Official Gazette.
(Ill) The Central Government may terminate the appoint- ment of the authorised person earlier if it considers it necessary, to do so.
2. Thia Order shall have effect for a period of three years
from the date of its publication in the Official Gazette.
[F. No. 4(12)/76-CUC] B. ROY, Jt. Secy.