Amendment status not verified — confirm the current text below against the official source.
Power to requisition cashew fact•>:ries.--(1) Where the Governmeut are satisfied that if the owner of a cashew factory which is in the possession ot the Corporation un·Jer a lea'>e, whether current or time expired, is put in pusses, ion thereof, such _owner could not run that factory prop~rly and in accordauce with law and would either sell it or lease it out to any private individual and there would be large scale unemployment ol the workers uf that factory or their conditions of serv1ce wo1•ld be adv<::rsely aff..:.cted, the Government may, notwith ... standing any judgment, decree or order of. any court, by order, published in the Gazette, requisition that cashew factory for such, per1od not exceeding five years as may be specified in the order and may make sU<. h further orders as appear to them to be necessary or expedieut in connection with the requi1ition: Provided that before making an ord(:r under this sub~section in n spect of a cashew factory, the Government shall give the ownf'r of that factory and every p~rsqn interested in, that factory a notice of their intention to take action unc_ler this sub-section and the grounds'therefor and consider the objections·that may l>e'preferred in pursuance <#'such notice. . '· ·' .. ·' · 'i-_', ~'-'· (2) Where-a cashew factory -is requisitioned under· sub-section (1), such cashew factory together with aU machinery, other accessories. and other movable properties as were im·nediately before the date or publication ofthe order under sub-section (I) in the possession of the Corporation and all books of account, registers and other documerits. relating·thereto shall vest iu the Government with effect-from the ~aid. date. 27 (3) The Government may, by order in wntmg, direct that a cashew factory vested in them unJer sub-section (2) shall, instead of continuing to vest in them, vest in the Corporation with effect from such date, not being a date earlier than the> da1c of publication of the order under sub-section (1), as may b~ specified in the ord,~r. (4) \Vher~ an order vesting a cashew factory in the CorporJ.tion is made under sub-s~ction (3), all rights, liabilities and ob!il{atioas or the Government in relation to such factory shall, on and fro n the date of such vesting-, be deemed to have become the rights, liabilities and obligations respectively of the Corporation.