Section 11
Management, etc., of sick textile undertakings.
The Sick Textile Undertakings (Nationalisation) Act, 1974
About this Act
An Act to provide for the acquisition and transfer of the sick textile undertakings, and the right, title and interest of the owners in respect of the sick textile undertakings, specified in the First Schedule with a view to re-organising and rehabilitating such sick textile undertakings so as to subserve the interests of the general public by the augmentation of the production and distribution, at fair prices, of different verieties of cloth and yarn, and for matters connected therewith or incidental thereto.
The National Textile Corporation or any
person which that Corporation may, by order in writing, specify, shall be entitled to exercise the powers
of general superintendence, direction, control and management of the affairs and business of a sick textile
undertaking, the right, title and interest of an owner in relation to which have vested in that Corporation
under sub-section (2) of section 3, and do all such things as the owner of the sick textile undertaking is
authorised to exercise and do.