Amendment status not verified — confirm the current text below against the official source.
(J) Where the owner of a cotton ginning oF _ Liabitity of lessee pressing factory has leased or mortgaged with possession oF mortgagee as the factory for a period of not less than one month in the ; case of a cotton ginning factory ; and three months in the case of a cotton pressing factory and retains no interest In the management or profits of the factory, and has given hotice of the lease or mortgage to the prescribed authority, the owner shall hand over to the lessee or mortgagee all the registers maintained by him under section 3 before the Commencement of ithe lease or mortgage, The lessee or the mortgagee as the case may be, shall be deemed to be © Owner of the factory from the date of the notice and for the period of the continuance of the lease of mortgage f or the purposes of section 3, in respect of the Substi 7 : — ; 3 (Chandigarh) “Catan ee Go Os ea Subj) Orr, 1968, G Scanned with OKEN Scanner N a cil £ “4 N GINNING AND [1955 , COTTON PRESSING FACTORIES : Bp. j tt I 338 ‘sters maintained or to be maintained f,, andl for that period, and for the Purposes of seta 8, 9, 10 and sub-sections (2) to (6) of section j4°Con, tat (2) On the termination of the lease or , lessee or the mortgagee shall hand over to the r Bage registers maintained under section 3, and the . ow h forthwith report to the proscribed authorit Owner of the lessec or mortgagee in complying with the ,~ of of this sub-section or in maintaining the registe;s inition Co ance with the provisions of section 3. (3) Any person who fails to comply with any of 10) the provisions of sub-sections (/) and (2) shall be punj fine which may extend to two hundred ang abe fty with rupees.