National Textile Corporation Limited (NTC) was incorporated under the Indian Companies Act, 1956 with the objective of managing the affairs of sick textile undertakings taken over by the Government under the three Nationalisation Acts viz; The Sick Textile Undertakings (Nationalisation) Act, 1974, The Swadeshi Cotton Mills Company Limited (Acquisition and Transfer of Undertakings) Act, 1986 and The Textile Undertakings (Nationalisation) Act, 1995. NTC Limited was managing 119 mills through its 9 subsidiaries. However, as a part of modified revival scheme approved by the BIFR and Government in 2006, all the 9 subsidiaries have been merged with the NTC Limited during 2006-07. NTC is a Schedule -‘A’ CPSE in Textiles sector with the
administrative jurisdiction of Ministry of Textiles.
II. JOB DESCRIPTION AND RESPONSIBILITIES
The Chairman and Managing Director is the Chief Executive of the Company and accountable to its Board of Directors and Government/Share holders. He/She is responsible for the efficient functioning of the company, and for achieving its corporate objectives and performance parameters.
Last date:30/12/2019
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