Act Number: 65

Act Name: The Industries (Development and Regulation) Act, 1951

Year: 1951

Enactment Date: 1951-10-31

Long Title: An Act to provide for the development and regulation of certain industries.

Ministry: Ministry of Commerce and Industry

Department: Department of Promotion of Industry and Internal Trade

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).
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