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Section 12

Sick Textile Undertakings (Taking Over of Management) Ordinance, 1972Ordinance · 1972

(1) No suit, prosecution or other legal proceeding shall lie against Protection the Custodian-General or any Custodian in respect of anything which ^^n*1)0^ is in good faith done or intended to be done under this Ordinance. good fjuth.

(2) No suit or other legal proceeding shall lie against the Central Government, the Custodian-General or any Custodian for any damage caused, or likely to be caused, by anything which is in good faith done or intended to be done under this Ordinance.

13. {1) The Central Government may, by notification, direct that all Delegation or any of the powers exercisable by it under this Ordinance may also of powersbe exercised by any person or persons as may be specified in the notification.

(2) Whenever any delegation of power is made under sub-section (1), the person to whom such power has been delegated shall act under the •direction, control and supervision of the Central Government;

14. If any person— Penalties.

(a) fails to deliver to the Custodian any assets, books of account, registers or any other documents in his custody relating to any sick textile undertaking, the management of which has vested in the Central Government, or

(fa) retains any property of such sick textile undertaking or removes or destroys it, or

(c) fails to comply with the provisions of section 5, or

(d) fails to comply with any direction made under this Ordinance, he shall be punishable with imprisonment for a term which may extend to seven years, and shall also be liable to fine.

Where this provision sits

ActSick Textile Undertakings (Taking Over of Management) Ordinance, 1972
Section12
StatusIn force as published by the source

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