Industries (Development ＆ Regulation) Act, 1951

[Provisions where Government decides to follow the course of action specified in section 18FD(2).

18FF. (1) Where in any case the Central Government decides that the course of action specified in sub-section (2) of section 18FD should be followed, it shall, subject to the provisions of that sub-section, cause to be prepared, by the authorised person, a scheme for the reconstruction of the company, owning the industrial undertaking, in accordance with the provisions hereinafter contained and the authorised person shall submit the same for the approval of that Government.

(2) The scheme for the reconstruction of the company owning the industrial undertaking may contain provisions for all or any of the following matters, namely:-

(a)	-	the constitution, name and registered office, the capital, assets, powers, rights, interests, authorities and privileges, the liabilities, duties and obligations of the company on its reconstruction;
(b)	-	any change in the board of directors, or the appointment of a new board of directors of the company on its reconstruction and the authority by whom, the manner in which and the other terms and conditions on which, such change or appointment shall be made and in the case of appointment of a new board of directors, or of any director, the peri .... To read the full section download the app from Google Play store Latest Job Openings View all 29 July 2026 Audit Executive RBSM Corporate Advisors Private Limited Pune CA View Details Featured 18 July 2026 CA Articleship apricus india Mumbai CA Inter View Details ARTICLESHIP 16 July 2026 Article Assistant Sahil Agarwal & Company Mumbai CA Inter View Details 14 July 2026 Senior Executive/ Manager H S SHARMA AND CO Pune CA Final View Details ARTICLESHIP 07 July 2026 Articleship Jawahar and Associates Chartered Accountants Hyderabad CA Inter View Details Featured 16 July 2026 CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified Vakilsearch.com Chennai CA Inter View Details ARTICLESHIP 17 July 2026 Article Assistant and B.com pass BANSAL YOGESH AND CO Gautam Budh Nagar B.Com View Details 16 July 2026 CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie Vakilsearch.com Chennai CA Inter View Details Share  Facebook  Twitter  Linkedin  Reddit  Email  Whatsapp  Gmail  Print  PDF Finance and Tax WhatsApp groups list CCI All Updates (WA Group) CCI All Updates (WA Channel) CCI All Updates (Telegram Channel) GST Income Tax CA Final CA Inter CA Foundation CCI Jobs CS CCI Webinars CCI Pro Login at CAclubindia CAclubindia India's largest network for finance professionals User Name Password Remember Me Forgot Password ? Alternatively, you can log in using: Login with Google Don't have an account? Register Now click here to register Follow