Home India Ministry of Textiles In exercise of the power conferred by Sub section 1 of Secti...
Date: 2019-06-21 Category: Extra Ordinary State: Union Government Country: India

In exercise of the power conferred by Sub section 1 of Section 17 of the Sick Textile Undertaking

Issued by Ministry of Textiles · Not Applicable

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Executive Summary & Key Takeaways

**Policy Summary:** This notification, S.O. 2027(E), issued by the Ministry of Textiles, appoints Shri Prem Kumar Kataria, Additional Secretary, as Commissioner of Payments, effective May 10, 2019. This appointment is made in exercise of the powers conferred by Subsection 1 of Section 17 of the Sick Textile Undertaking Nationalization Act, 1974; Subsection 1 of Section 15 of the Swadeshi Cotton Mills Company Limited Acquisition and Transfer of Undertaking Act, 1986; and Subsection 1 of Section 17 of the Textile Undertaking Nationalization Act, 1995. The local limits within which the Commissioner of Payments shall exercise his powers and perform his duties is defined as the whole of India. The notification is referenced as F.No. 1312018/PSUCOP and was issued on June 20, 2019, in New Delhi.

Key Entities Referenced

Sick Textile Undertaking Nationalization Act, 1974: A law regarding the nationalization of sick textile undertakings. Swadeshi Cotton Mills Company Limited Acquisition and Transfer of Undertaking Act, 1986: A law concerning the acquisition and transfer of undertaking of Swadeshi Cotton Mills Company Limited. Textile Undertaking Nationalization Act, 1995: A law pertaining to the nationalization of textile undertakings. Central Government: The governing authority of India. Shri Prem Kumar Kataria: Additional Secretary, appointed as Commissioner of Payments. Commissioner of Payments: The designated role for Shri Prem Kumar Kataria, responsible for exercising powers and performing duties within the whole of India. India: The nation where the Commissioner of Payments' powers are applicable. Ministry of Textiles: The government ministry responsible for textile-related affairs.
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