The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No 481] NEW DELHI, FRIDAY, OCTOBER 23 1981/KARTIKA 1, 1903
Separate paging is given to this Part in order that it may be filed as a separate compilation
1344 THE GAZETTE OF INDIA : EXTRAORDINARY [PART it—SEC. 3(ii)] industrial undertaking) is engaged in u scheduled industiy, namely, the cotton tejuiles mdustiy;And wheicas fiom the documentai) and oihei evident in ils possession, the Central Government is satisfied, ',n iei i- tion to the said industrial iinderlakin.L; thai it lias b;ui closed lor a period of not less than three months *nd such closure is prejudicial to tfie concerned scheduled industry and that the financial condition oi the said industrial under- taking and the condition of the plant and machinery of the said industrial undei taking are such th it it is pos.ible to rcstait the said industrial undertaking and that such restart- ing is necessary in the interests of Ihe general public;
And whereas a notice (hereinafter referred to as the show cause notice) is being issued to the said industrial undertaking for requiting the said industrial undeitaking to show cause, within a period of fifteen days, from the date of leccipt of the show cause notice by the said induslnal undci taking, why the management of the whole of the said industrial undeitakinK should not be taken over under clause (b) of sub-section (1) of section 18AA of the Industries (Development and Regulation) Vet, 1951 (65 of
1951);
And whereas it is necessary in the interests of the geneial public to take over immediately the management of the whole of the said industrial undertaking pending the issue of, and the receipt of the reply to, the show cause notice and the consideration thereof;
Now, therefore, in exercise ot the powers umfeiisd by clause (b,l ui' sub-section (I) of section ISA'V of the siid Act, the central Government heieby authorises the National Textile Corporation Limited, Surya Klran Building, Kasturba Gandhi Mar?1 New Delhi (hereinafter rclened to as the authorised person), to take over the management of the whole of the said industrial undertaking, subject to the following terms and conditions, namely ;—
10 the authorised peison shall comply with all the directions issued fiom time to time by the Centtal Government;
(ii) the authorised person shall hold office for a period of thirty days commencing on and from the date of publication of this Order in the Official Gazette ;
(iii) the Central Government may terminate the appoint- ment of the authorised person earlier if it consi- ders it necessaiy lo do so.
2. This older shall have effect for a penod of thirty dnys Lommcncing on and from the date of its publication in the Official Gazette,
[File No. 3|5|81-CUS|
C. K. MODI, Jt. Secy.