The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (II)
PUBLISHED BY AUTHORITY
No. 467] NEW DELHI, TUESDAY, OCTOBER 12, 1982/ASVINA 20, 1904 Separate Paging is given to this part In order that it may be filed as a separate compilation
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART 11—SEC. 3(ii)] And whereas an opportunity of a hearing was accorded to MINISTRY OF INDUSTRY ihe said industrial undertaking; (Department of Industrial Development) ORDER And whereas the representation received from the said In- dustrial undertaking has been considered by the Central Government; New Delhi, Ihe 12th Ouoter, 1982S.O. 734(EI/18AA./1DRA/81.—Whereas M/s, Kanti Cotton Mills Private Limited, Surendranaear, Gujarat (hereinafter referred to us the said industrial undertaking) is engaged in a scheduled industry, namely, the cotton textiles industry;
And wheieus from the documenr/uy and other evidence in its possession, the Central Government was satisfied in relation to the said indusuial undertaking, that it had been closed for a period of not less than three months and such closure WILS prejudicial to the concerned scheduled industry and that the financial condition, and the condition of ihe plant and machinery, of the said industrial undertaking were such that it was possible to restart the said industrial undertaking and that such restarting was necessary in the interests of the general public;
And whereas a notice (hereinafter referred to as the show cause notice) was issued to the said industrial undertaking requiring the said industiial undertaking to show cause, within a period of 15 days from the date of receipt of the show-cause notice by the said"industrial undertaking, why the management of the whole of the said industrial undertaking should not be taken over under clause (b) of sub-section (1) of section 18AA of the Industries (Development and Regulation) Act, 1951 (65 of 1951);
Now, theicfore, in exercise of the powers confeired 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 the Gujarat State Textile Corporation (hereinafter referred to as the authorised person), to take over the management of the whole of the said in- dustrial undertaking, subject to the following terms anil con- ditions, namely :—
(i) the authorised person shall comply With all the direc- tions issued from time to time by the Central Government;
(ii) the authorised person shall hold office for a period of 30 days commencing on and from the date of publi- cation of this Order in the Official Gazette;
(iii) the Central Government may terminate the appointment of the authorised person earlier if it considers it necessary to do SOL
2. This Order shall have effect for a period of six months commencing on and from the date of Its publication in the Official Gazette.
[F. No. 3(l)/82-C.U.S.] A. P. SARWAN, Jt, Secy.