law: Sick Industrial Companies (Special Provisions) Act, 1985
  32. Effect of the Act on other laws 
  (1) The provisions of this Act and of any rules or schemes made
  
  thereunder shall have effect notwithstanding anything inconsistent therewith
  
  contained in any other law except the provisions of the Foreign Exchange
  
  Regulation Act, 1973 (46 of 1973) and the Urban land (Ceiling and Regulation)
  
  Act, 1976 (33 of 1976) for the time being in force or in the Memorandum or
  
  Articles of Association of an industrial company or in any other instrument
  
  having effect by virtue of any law other than this Act.
  (2) Where there has been under any scheme under this Act an
  
  amalgamation of a sick industrial company with another company, the provisions
  
  of section 72A of the Income-tax Act, 1961 (43 of 1961) shall, subject to the
  
  modifications that the power of the Central Government under that section may
  
  be exercised by the Board without any recommendation by the specified authority
  
  referred to in that section, apply in relation to such amalgamation as they
  
  apply in relation to the amalgamation of a company owning an industrial
  
  undertaking with another company.