Section 4
Subs. by Act 32 of 1974, s. 2, for “ten years” (w.e.f. 29-6-1974).
4. Subs. by Act 32 of 1974, s. 2, for “ten years” (w.e.f. 29-6-1974).
Explanation . — The power to authorise a body of persons under this section to take over the management of an industrial undertaking which is a company includes also a power to appoint any individual, firm or company to be the managing agent of the industrial undertaking on such terms and conditions as the Central Government may think fit.
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