500

THE GAZETTE OP INDIA : EXTRAORDINARY

[PART H — S B C ^ U ) ]

MINISTRY OF INDUSTRY

(Department of Heavy Industry)

NOTIFICATION

New Delhi, the 8th April. 1981

S.O. 295(E).—In exercise of the powers conferred by Sub-

section (1)

read with clause (a) of sub-section (2), of Section

31, of the Marutl Limited (Acquisition and Transfer of Under-

•

)

(

)

hereby makes (he following rules, samely :—

1. Short title and commencement.—(1) These rules may be

called the Maruti limited (Acquisition and Transfer of Under-

takings) Rules, 1981.

(2) They shall come Into force on the date of this publi-

cation in the Official Gazette.

2. Definitions.—In these rules, unless the context otherwise

requires,—

(a) "Act' means the Maruti limited (Acquisition

and

Transfer of Undertakings) Act, 1980 (64 of 1980);

(b) "Commissioner" means the Commissioner of Payments

appointed under Section 15;

(c\ •Sactinn" nmum « section of the Act

3. Time limit for Intimation.—Every mortgagee Of any pro-

perty which has vested under the Act hi the Central Govern-

ment, and every person holding any charge, lien or other

Interest hi, or In relation to, any such property, shall give

an intimation of such mortgage, charge, lien or other Interest

to the Commissioner

within a period of

thirty days from

such date, as may be specified by the Central

Government

under section 18.

Provided that if the

Commissioner is satisfied that such

mortgagee or person was prevented by sufficient cause from

giving the Intimation within the said period of thirty days,

he may, for reasons to be recorded in writing, accept the

intimation within a further period of thirty days, but not

thereafter.

4. Manner of intimation.'—(1) Every Intimation to be given

to the Commissioner under rule 3 shall be in writing addressed

to the Commissioner, and shall contain the following particulars

namely :—

(a) name, description and full address of the mortgagee

or the person holding charge, lien or other interest

In, or in relation to, any such property ;

(b) name of the undertaking In respect of which the Inti-

mation is made,

other Interest (in Indian currency) ;

fd) particulars of the instrument, if any. by which the

mortgage, charge,, lien or other interest is secured,

supported by an a'tested copy of the instrument;

(e) amount, if any, already received with particulars;

ff) any other relevant particulars; and

(g) relief claimed.

(2) Every intimation shall be duly sinned and verified bv

the mortgagee, or the person holding the charge, Hen or other

Interest or a person duly authorised by him,

(3) An Intimation may be field in the Office of the Com-

missioner at Delhi on all working days during office hours

or may be sent to the Commissioner by registered post, with

acknowledgement due.

[P. No. 13(4)/81-AENT)]

M. C. GUPTA. Jt. Secy.

PRINTED BY THE MANAGER, GOVT. OF INDIA PRESS, RING ROAD, NEW DELHI-110064

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

1981