State Act
3
Section 3. Taking over of management of the undertaking of the company.
The Mackintosh Burn ( Taking Over Of Management ) Act, 1976
Act no. 41 of 19761976In forceWest Bengal (State Act)
3. (1) The State Government may, by an order published in the Official Gazette, take over the management of the undertaking of the company and appoint a person or body of persons for managing the undertaking of the company in accordance with the provisions of this Act and the rules made thereunder. (2) An order made under sub-section (1) shall remain in force for a period of five years from the date of its publication in the Official Gazette: Provided that the State Government may extend the period by one year at a time so, however, that the total period of such extension shall not exceed five years.