Section Text
(1)If the Central Government is of opinion that there are possibilities of runningor restarting a tea undertaking or tea unit in relation to which aninvestigation has been made under sub-section (2) of section 16B, and that suchtea undertaking or tea unit should be run or restarted for maintaining orincreasing the production, supply or distribution of tea, that Government maymake an application to the Court by which the company owning such teaundertaking or tea unit has been ordered to be wound up praying for permissionto appoint any person or body of persons to take over the management of the teaundertaking or, as the case may be, tea unit, or to exercise in respect of thewhole or any part of the tea undertaking or tea unit, such functions of controlas may be specified in the application.
(2)Where an application is made under sub-section (1),--
(a)the provisions of sub-section (2) of section 18FA of the Industries (Developmentand Regulation) Act, 1951 shall apply to the tea undertaking or tea unit, as thecase may be, subject to the modification that for the words "twelveyears" occurring in the second proviso thereto, the words 1 "[sixyears]" shall be substituted;
(b)the provisions of sub-sections (3) to (10) (both inclusive) of section 18FA ofthe Industries (Development and Regulation) Act, 1951 shall apply to the teaundertaking or tea unit referred to in sub-section (1), to the same extent asthey apply to an industrial undertaking.
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1.Substituted for the words "two years" by the Tea (Amendment) Act, 1983(38 of 1983), Section 2 (w.r.e.f. 7-10-1983).