In this Ordinance, unless the context otherwise requires,—
(a) "Companies Act" means the Indian Companies Act, 1913 (VII of 1913);
(b) "directors" means the directors appointed under section 3;
(c) "notified order" means an order notified in the Official Gazette;
(d) "prescribed" means prescribed by rules made under this Ordinance;
(223) 224 THE GAZMfcgl (M iNPU JHBRAOBDINAEY [PAST 1*
(e) "railway cornpany" means any company registered under the Companies Act » ai^'law fepWeor1 thereby for the purpose of making and working or making or working a railway whether alone or,in.£onjMftfti.<m wi^k^vtbact purposes.
"**$3. Pttwer of Central Government to apply Ordinance to any railway comjaifer an* t» tifffOtm fflrectors thereof.—(1) Where the Central Government is of opinion that a situation has arisen in the affairs of a railway company which™
(a) has prejudicially affected the convenience of persons using the railway administered by the railway company, or
(b) has caused serious dislocation in any trade or industry using the railway, or
(c) has caused serious unemployment amongst a section of the community, the Central Government may, by notified order, apply the provisions of this Ordinance to the railway company and appoint as many persons as it thinks fit to be directors of the railway company for the purpose of taking over its management and administration.
(2) The power to appoint directors under this section includes the power to appoint any individual, firm or company to be the managing agent of the railway company on such terms and conditions as to the Central Government may seem fit.