204

THE GAZLfTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3(ii)]

MINISTRY OF INDUSTRY

(Department of Industrial

Development)

ORDER

New Delhi, 2nd February, 1981

S.O. 85(E).—Whereas by the Order of the Government of

India in the Ministry of Industry (Department of Industrial

Development) No. S.O. 541(E)/18AA/lDRA/79, dated the 22nd

September, 1979, the Central Government has authorised the

Secretary to the Government of West Bengal. Closed and Sick

Industries, Calcutta, to take over the management of the whole

of the industrial undertaking, namely M,<s. National Iron and

Steel Company Limited, Howrah, foi the period specified

therein;

Now, therefore, in exercise of the powers conferred by sub-

section (2) of section 18E of the said Act, lⁿe Central Go.

vernment hereby specifies, in the Schedule annexed hereto the

exceptions, restrictions and limitations, subject to which the

Companies Act, 1956 (1 of 1956) shall, so long as the manage-

ment of the industrial undertaking remains vested in the Central

Government, apply to the said industrial undertaking in the

same manner as it applied to it before the issue of the Order

un er section 18AA.

SCHEDULE

Provision of the

Exceptions, Restrictions and Limitations

Commpanies Act,

to which the provision mentioned in

1956

column 1 shall apply to the under-

taking.

Sections 166 and

Provisions of sub-section (1) of section

210(1)

210 and, section 166 of the Com-

panies Act, 1956 shall not apply to

the said undertaking to the extent

that the balance-sheets and profit and

loss accounts of the Company need

not be placed before the annual

general meeting. It shall, however,

file its statutory returns of balance-

sheets with the Registrar of the

Companies. The exemptions will

not affect the provision of section

159(1) of the Companies Act, 1956.

Section 224 and

Provisions of these seciions sh^all not

Section 225.

apply to the said industrial under-

taking, except that the auditors shall

be appointed by the Centarl Go-

vernment.

Section 169,217,

Provisions of ihe^e sections shall

293(l)(d)and

not apply to the sai<l undertaking,

section 294.

[File No.4(12)/76-CUS]

R. N. CHOPRA. Additional Secy.

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AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054, 1981