(2) The Central Government may, by notification, make rules for carrying out the provisions of this Ordinance.
(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely .—
(a) the time within which and the manner in which an intimation referred to in sub-section (3) of section 4 shall be given ;
(b) the form and the manner in which, and the conditions under which, the Custodian shall maintain accounts as required by section 11 :
(c) the manner in which monies in any provident or other fund referred to in section 13 shall be dealt with ;
{d) any other matter which is required to be, or may be, prescribed.
(3) Every rule made by the Central Government under this Ordinance shall be laid, as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be ; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.
32 If any difficulty arises in giving effect to the provisions of this Ordinance, the Central Government may, by order, not in consistent with the provisions of this Ordinance, remove the difficulty ;
Provided that no such order shall be made after the expiry of a period of two years from the date on which this Ordinance receives the assent of the President
33. It is hereby declared that this Ordinance is for giving effect to the policy of the State towards securing the principles specified in clause (b) of article 39 of the Constitution
Explanation:—Tn this section "State" has the meaning as in article 12 of the Constitution THE SCHEDULE (See sections 18, 19, 20, 22 and 24) ORDER OF PRIORITIES FOR THE DISCHARGE OF LIABILITIES OF THE COMPANY
PART 'A' POST-TAKF-OVER MANAGEMENT PERIOD Catepnrv I, fa) Wages, salaries and other dues of the employees of the Company.
(b) Loans advanced by the Central Government
(c) Loans advanced by Tndian Drugs and Pharmaceuticals Limited.
(d) I o.ins advanced by banks guaranteed by the Central Government
(e) Credit availed of for purposes of trade or manufacturing operations.
Powers to jnuke rules Power to remove difficulties.
Declaiation a?
to policy of the Slate.
370 THE GAZETTE OF INDIA . EX TRAORD1NARY [PART H— SEC. IJ Category II.
(a) Revenue, taxes, cesses, rates or other dues of Central Government or a State Government
(b) Sales tax, rates and taxes, contributions to be made to the Employees' State Insurance Fund and Additional Dearness Allowances payable to employees
PART 'B' PRE-TAKE-OVER MANAGEMENT PERIOD Category III.
Ari'ears in relation to provident fund, salaries and wages and other amounts due to employees.
Category IV.
Principal amount due in relation to all secured loans.
Category V.
Amounts due by way of interest due in relation to the secured loans referred to in category IV.
Category VI.
Revenue, taxes, cesses, rates or any other dues to the Central Government, a State Government, a local authority or a State Electricity Board.
Category VII.
(a) Any credit availed of for purposes of trade or manufacturing operations.
(b) Any other dues.
K. K. SUNDARAM, Secy, to the Govt>. of India.
PRINTED BY THE MANAGER, GOVT OF INDIA PRESS, RING ROAD, NEW DELHI-110064 AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054, 1977