Assurance of recommendation for amalgamation: specified authority may confirm conditional referral to central government after scheme review. A new sub section authorises the specified authority, after examining a submitted amalgamation scheme involving an industrial undertaking or a ship, to intimate that it would, if satisfied that the statutory conditions would be met under the scheme or the scheme as modified, make a recommendation to the Central Government under the operative provision, provided there is no material change in the relevant facts.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Assurance of recommendation for amalgamation: specified authority may confirm conditional referral to central government after scheme review.
A new sub section authorises the specified authority, after examining a submitted amalgamation scheme involving an industrial undertaking or a ship, to intimate that it would, if satisfied that the statutory conditions would be met under the scheme or the scheme as modified, make a recommendation to the Central Government under the operative provision, provided there is no material change in the relevant facts.
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