Industries (Development ＆ Regulation) Act, 1951

[CHAPTER IIIA

DIRECT MANAGEMENT OR CONTROL OF INDUSTRIAL UNDERTAKINGS BY CENTRAL GOVERNMENT IN CERTAIN CASES

Power of Central Government to assume management or control of an industrial undertaking in certain cases.

18A. (1) If the Central Government is of opinion that-

(a)	-	an industrial undertaking to which directions have been issued in pursuance of section 16 has failed to comply with such directions, or
(b)	-	an industrial undertaking in respect of which an investigation has been made under section 15 (whether or not any directions have been issued to the undertaking in pursuance of section 16), is being managed in a manner highly detrimental to the scheduled industry concerned or to public interest,

the Central Government may, by notified order, authorise any person or body of persons to take over the management of the whole or any part of the undertaking or to exercise in respect of the whole or any part of the undertaking such functions of control as may be specified in the order.

(2) Any notified order issued under sub-section (1) shall have effect for such period not exceeding five years as may be specified in the order :

[Provided that if the Central Government is of opinion that it is expedi .... To read the full section download the app from Google Play store