Supreme Court of India
Mahesh Kumar Saharia v. State of Nagaland and Ors.
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From the headnote
Industries (Development and Regulation) Act, 195/-Sections 20, 2 & Sch.-/ Item 36(1)-Nagaland Forest Products Ltd. (Acquisition of Shares) Act, 1982, Sec. 3-Acquisition of Shares of the Company by the State Govt. amounted to acquisition of ownership of the Company-Legislative Competence of State Legislature-Held, the vesting of management or control of the company was incidental to the· ownership and not a take-over of the management or control of the Company-Hence, it did not fall within the mischief of Sec. 20 of the Central Act which is concerned only with the control and management of the
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