Amendment status not verified — confirm the current text below against the official source.
Declaratzon cf reliefundeltakwg.-(1) If at any t1mc, it appea1s to the Government necessary to do so, the Government may, i>y noti- ficatiOn m the Gazette, declare that an mdustz1al undertak1ng ~pec1fied 111 the notificatiOn, whether started, acqu1red or othe1 w1se taken ove1 by the Government, and earned on or proposed to be rarrzed on by themselves or under the1r authonty, 01 to wh1ch any loan, guarantee or other finanCial assistance has been prov1ded by the Gove1 nment, shall, w1th effect from the date spec1fied for the purpose 111 the not1ficatwn, be conducted to serve a~ a measure of preventmg unemployment or of unemployment relief and the undertakm~ ~hall accmdmgly be deemed to be a rehef unde1 takmg foz purpose~ of tl11S Act. • I I I (2) i\ not1ficatwn under sub-sect1on (I) shall have effect for such penod not e"ceedmg two years as may be spec1fied m the notdlcatwn , but 1t shall be renewable by hke not1ficat1ons from t1me to t1me for ~~ further pettods not excecdmg twelve months at a time, so howevet thdt all the penod~ in the aggregate do not exceed five years.