(1) Every contract entered into by Caltex (India) for any service, sale or supply in India, and in force immediately before the appointed day, shall, unless terminated under sub-section (2), within a period of two years from the appointed day, continue to be of full force and effect against or in favour of the Central Government or, as the case may be, the successor Government company in which the undertakings of Caltex (India) in India have vested under this Ordinance.
Contracts to continue unless termi.
nated by Central Government.
(2) The Central Government may, if it is satisfied that any contract referred to in sub-section (1) is unduly onerous or has been entered into in bad faith or is detrimental to the interests of that Government or the Successor Government company, as the case may be, by order in writing, either terminate such contract or make such alterations or modifications therein as it may think fit:
Provided that the Central Government shall not terminate any contract or make any alteration or modification therein except after giving SEC. 1J THE GAZETTE OF INPlA EXTRAORDINARY 1529 to the parties to the contract, a reasonable opportunity of being heard and except after recording in writing, its reasons for such termination, alteration or modification as the case may be,
16. Nothing in this Ordinance shall be consltrued to entitle Caltex Oil Refining or the Central Government or the successor Government company to use—
(a) any designs, trade marks, trade names (including the name Caltex or any part thereof), styles of labelling, belonging to Caltex Petroleum or Caltex (India), after the expiry of a period of twelve months from the appointed day; and
(b) any station decor (including distinctive colour schemes) belonging to Caltex Petroleum or Caltex (India), after the expiry of a period of twenty-four months from the appointed day.
Use of designs, trade marks etc.
belonging to Caltex Petroleum Or Caltex (India).
17. Any person who,—
(a) having in his possession, custody or control any property forming part of any undertaking of Caltex (India) in India wrongfully withholds such property from the Central Government or the successor Government company; or
(b) wrongfully obtains possession of or retains any property forming part of any undertaking of Caltex (India), in India; or
(c) wilfully withholds or fails to furnish to the Central Government or the successor Government company or any person specified by the Central Government or that company, any books, documents or other papers relating to any undertaking of Caltex (India) in India which may be in his possession, custody or control; or
(d) fails to deliver to the Central Government or the successor Government company, any assets, books of account, registers or other documents in his possession, custody or control relating to any undertaking of Caltex (India), in India; or
(e) wrongfully removes or destroys any property forming part of any undertaking of Caltex (India), in India; or
(f) wrongfully uses any property forming; part of any undertaking of Caltex (India), in India, ' shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to ten thousand rupees, or with both.
Penalties.