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Public Enterprises (Management and Control) Act 1973
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About — Public Enterprises (Management and Control) Act 1973
The Public Enterprises (Management and Control) Act 1973 is an Indian law that sets rules for appointing, removing and supervising chairpersons and managing directors of CPSEs. It authorises the government to ensure efficient management and to intervene when performance deviates from policy goals. In 1995 it was used to replace Hindustan Aeronautics Limited’s chairman after a loss.