Section 18FC:
Power of Central Government to call for report on the affairs and working of managed company.
1[18FC. Power of Central Government to call for report on the affairs and working of managed
company.--Where the management or control of an industrial undertaking has been taken over under
section 18A, whether before or after the commencement of the Industries (Development and Regulation)
Amendment Act, 1971 (72 of 1971), or under section 18AA or section 18FA, the Central Government
may, at any time during the continuance of such management or control, call for a report from the
authorised person on the affairs and working of the industrial undertaking and in submitting the report the
authorised person shall take into account the inventory and the lists of members and creditors prepared
under section 18FG.]
Notes:
1. Ins. by Act 72 of 1971, s. 6 (w.e.f. 1-11-1971).