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Section 32

The Tea Companies (Acquisition and Transfer of Sick Units) Ordinance, 1985.Ordinance · 1985

(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 manner in which the monies in any provident fund or other fund, referred to in sub-section (2) of section 12, shall be dealt with;

(c) any other matter which is required to be, or may be, prescribed.

Power to remove difficulties.

(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.

33. If any difficulty arises in giving effect to the provisions of this Ordinance, the Central Government may, by order, not inconsistent 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 appointed day.

SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 13 THE FIRST SCHEDULE [See sections 2{e) and (g), 6, 7 and 14 (7)] SI.

No.

(1) ] .

2.

3- 4 Name of the sick tea unit

(2) Pashok Tea Estate .

Lookian Tea Estate Vah-Tukvar Tea Estate Potong Tea Estate Name of tho tea company

(3) Messrs Pashok Tea Company Limited, 10, Pollock Street, Calcutta.

Messrs Pvshok Tea Company Limited 10, Pollock Street, Calcutta.

Messrs Sashi Tara Tea Company Private Limited, Darjceling.

Messrs Moon Moon Tea Company (Private) Limited, 5, Clive Row, Calcutta.

Amount (Rupees in lakhs)

(4) 26 03 100 15 25'R2 16-35 Further amount (Rupees)

(5)

7.640

9.340 4,940 3,460 14 TH£ GAZETTE OF IN0IA EXTRAORDINARY [PART It— THE SECOND SCHEDULE [See sections 16, 18(1), 19(2), 21(1) and 24(1)] OHDEH OF PRIORITIES Category I— Employees' dues on account of unpaid salaries, wages, provident fund, Employees' State Insurance contribution or primlum relating to the Life Insurance Corporation of India and any other amounts due to employees in respect of any period whether before or after the management of the sick tea units had been taken over by the Central Government.

Category 11— Land revenue, taxes, cesses, rural employment cess, electricity duty, or other dues to the State Government and Local Authorities In respect of any period whether before or after the management of the sick tea units had been taken over by the Central Government.

Category III— Loans and other financial accommodation, together with interest, provided by the Central Government as well as similar accommodation provided by commercial banks and public financial institutions during any period after the management of the sick tea units had been taken over by the Central Government.

Category IV— ' Revenue, taxes, cesses, rates or other dues to the Central Government, in respect of any period whether before or after the management of the sick tea units had been taken over by the Central Government.

Category V~ Secured loans obtained by any tea company for the purposes of its sick tea unit from nationalised banks, Tea Board constituted under the Tea Act, 1953, and pubHc financial institutions during any period before the management of that sick tea unit had been taken over by the Central Government, 29 of 1953.

SEC. 1] THE GAZETTE OF INDIA EXTRAORDINARY 15 Category VI—> Any other credit availed of by any tea company for trade or manufacturing purpose with respect to its sick tea unit, during any period before the management of that sick tea unit had been taken over by the Central Government.

' ZAIL SINGH, i Presidevt.

R. V. S. PERI SASTRI, Secy, to the Govt. of India.

PRINTED BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, MINTO HOAD, NEW DELHI AND I'UBLIBIIED HY THE CONTROLLER OF PUBLICATIONS, DELHI, 1&85

Where this provision sits

ActThe Tea Companies (Acquisition and Transfer of Sick Units) Ordinance, 1985.
Section32
StatusIn force as published by the source

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