Report No. 250
65. Textiles Undertakings (Taking Over of Management) Act, Act 40 of 1983
The Act provided for the taking over, in the public interest, of the management of certain textile undertakings (which find mention in the Schedule appended to this Act) pending nationalisation. These undertakings were nationalised by means of the Textile Undertakings (Nationalisation) Act, 1995. Hence, this Act is now redundant and the Central Government must repeal this Act. This Act has also been recommended for repeal by the PC Jain Commission Report (Appendix A-1).