Sick Industrial Companies (Special Provisions) Act, 1985

Section - 18 - Preparation and sanction of schemes

Preparation and sanction of schemes.

18. (1) Where an order is made under sub-section (3) of section 17 in relation to any sick industrial company, the operating agency specified in the order shall prepare, as expeditiously as possible and ordinarily within a period of ninety days from the date of such order, a scheme with respect to such company providing for any one or more of the following measures, namely:-

[(a)	-	the financial reconstruction of the sick industrial company;]
(b)	-	the proper management of the sick industrial company by change in, or take over of, the management of the sick industrial company;
[(c)	-	the amalgamation of-