sec.115Reserve power of shareholding Ministers to give directions in public interest

### sec.115 Reserve power of shareholding Ministers to give directions in public interest The shareholding Ministers of a GOC may give the GOC’s board a written direction in relation to the GOC and its subsidiaries if the shareholding Ministers are satisfied that, because of exceptional circumstances, it is necessary to give the direction in the public interest. The board must ensure that the direction is complied with in relation to the GOC and must, as far as practicable, ensure that it is complied with in relation to its subsidiaries. Before giving the direction, the shareholding Ministers must— consult with the board; and request the board to advise them whether, in its opinion, complying with the direction would not be in the commercial interests of the GOC or any of its subsidiaries. The shareholding Ministers must cause a copy of the direction to be published in the gazette within 21 days after it is given. (sec.115-ssec.1) The shareholding Ministers of a GOC may give the GOC’s board a written direction in relation to the GOC and its subsidiaries if the shareholding Ministers are satisfied that, because of exceptional circumstances, it is necessary to give the direction in the public interest. (sec.115-ssec.2) The board must ensure that the direction is complied with in relation to the GOC and must, as far as practicable, ensure that it is complied with in relation to its subsidiaries. (sec.115-ssec.3) Before giving the direction, the shareholding Ministers must— consult with the board; and request the board to advise them whether, in its opinion, complying with the direction would not be in the commercial interests of the GOC or any of its subsidiaries. (sec.115-ssec.4) The shareholding Ministers must cause a copy of the direction to be published in the gazette within 21 days after it is given. - (a) consult with the board; and - (b) request the board to advise them whether, in its opinion, complying with the direction would not be in the commercial interests of the GOC or any of its subsidiaries.