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REGISTERED NO. D. (D.)-72

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 449] NEW DELHI, WEDNESDAY, OCTOBER 31, 1979/KARTIKA 9, 1901 Separate paging is given to this Part in order that it may be filed as a separate compilation

791 GI/79-1

(1105)

MINISTRY OF INDUSTRY

(Department of Industrial Development)

ORDERS

New Delhi, the 31st October, 1979

S. O. 621(E):—Whereas by the Order of the Govern- ment of India in the Ministry of Industry, Department of Indus- trial Development, No. S.0.70(£)/18AA/IDRA/78, dated the 6th February, 1978 Issued under section 18AA of the Industries (Development and Regulation) Act, 1951 (65 of 1951), the Central Government have authorised the Kerala State Textile Corporation Limited to take over the management of the wholo of the industrial undertahing known as Kottayam Textiles Limited, Kottayam, Kerala for the period specified therein;

Now, therefore, in exercise of the powers conferred by sub- section (2) of section 18E read with sub-section (5) of Section 18AA, of the said Act, the Central Government hereby specifies in the Schedule annexed hereto, the exceptions, restrictions and limitations subject to which the Companies Act 1956 (1 of 1956) shall continue to apply to the aforesaid industrial under- taking in the same manner as it applied thereto before the issue of the aforesaid order under section 18AA.

SCHEDULE

Exceptions, restrictions and limitations subject to which the provisions mentioned in column (1) shall apply to the under-

Provisions of tho Companies Act, 1956

taking

2

1

Section 166 Section 210(1)

Provisions of these sections shall not apply to the extent that the Balance Sheet and Profit and Loss Account of the indus- trial undertaking need not be placed before the Annual General Meeting. The industrial undertaking will have to prepare the Balance Sheet and Profit and Loss Account as usual within the prescribed time, but is not roqulred to place the same before the Annual Gene- ral Meeting, Tho Company shall file its statutory returns and balance sheet and profit and loss account with tho Registrar of Companios. The exemp- tion does not affect the provisions of section 159(1) of the Companies Act, 1956(1 of 1956).

Section 215 Section 217 Section 224

Provisions of these sections shall not apply to the industrial undertaking. Provisions of this section shall not apply to the industrial undertaking, subject of the condition that the auditor shall be appointed by the Central Govern- ment.

[F.No. 3/17/77-CUC]

Now, therefore, the exercise of the powers conferred by sub- section (2) of section 18E read with sub-section (5) of section 18AA of the said Act, the Central Government hereby specifies in the Schedule annexed hereto, the exceptions, restrictions and limitations subject to which the Companies Act 1956 (1 of 1956) shall continue to apply to the aforesaid industrial undertaking in the same manner as it applied thweto before the issue of trie aforesaid order under section ] 8AA.

THE SCHEDULE

Provisions of the Companies Act, 1956

Exceptions, restrictions and limitations iubject to which the provisions mentioned in Column (1) shall apply to the under- taking

1

2

Section 166 Sestion 210(1)

Provisions of these sections shall not apply to the extent that the Balance Sheet and Profit and Loss Account of the in- dustrial undertaking need not be placed before the Annual General Meeting. The industrial undertaking will have to prepare the Balance Sheet and Profit and Loss Account as usual within the prescribed time but is not required to Plaso the same before the Annul General Meeting. The Company shall file its statutory returns and balance sheet and profit and loss account with the Registrar of Companies. The exemption does not affect the provisions of section 159(1) of the Companies Act, 1956 (1 of 1956).

Provisions of these sections shall not apply to the industrial undertaking.

Section 215 Section 217

Section 224

Provisions of this section shall not apply to the industrial undertaking, subject of the conditions that the auditor shall be appointed by the Central Govern- ment

[F.No. 3/18/77-CUC]

lift?

S.O. 623(E):— Whereas by the Order of the Govern- ment of India in the Ministry of Industry, Department of Indus- trial Development No. S.O. 84

Now, therefore, is exercise of the powers conferred by Sub- section (2) of section 18E of the said Act, the Central Govern- ment hereby specifics in the Schedule annexed hereto, the excep- tions, restrictions and limitations subject to which the Com- panies Act 1956 (1 of 1956) shall continue to apply to the afore- said Industrial undertaking in the same manner as it applied thereto before the issue of the aforesaid order under section 18AA.

THE SCHEDULE

Provisions of the Companies Act, 1956

Exceptions, restrictions and limitations subject to which the provisions mentioned in column (1) shall apply to the under- taking2 1 Proviiions of these sections, shall not apply to the extent that the Balance Section 166 Section 210(1)

Exemptions does not affect the provi- sions of section 159 (1) of th" Companies Act, 1950(1 ofl956).

Section 215 Provisions of these sections shall not Section 217 apply to the industrial undertaking.

Section 224 Provisions of this section shall not apply to the industrial undertaking, subject of the condition that the auditor shall be appointed by the Central Govern- ment.

Sheet and Profit and Loss Account of the industrial undertaking need not be placed before the Annual General Meeting. The industrial undertaking will have to prepare the Balance Sheet and Profit and Loss Accounts as usual within the prescribed time but is not required to place to same before the Annual General Meeting. The Com- pany shall file its statutory returns and balance sheet and profit and loss account with, the Registrar of Companies. The

[F.No. 3/19/77-CUS] B. ROY, Joint Secy.

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