(4)No order shall be made under this section, unless-(a)a copy of the proposed order has been sent in draft to each of the companies concerned; [*] [ The word " and" omitted by Act 35 of 1985, Section 3 (w.e.f. 24.5.1985).](aa)[ the time for preferring an appeal under sub-section (3-A) has expired, or where any such appeal has been preferred, the appeal has been finally disposed of; and] [Inserted by Act 35 of 1985, Section 3 (w.e.f. 24. ](b)the Central Government has considered, and made such modifications, if any, in the draft order as may seem to it desirable in the light of any suggestions and objections which may be received by it from any such company within such period as the Central Government may fix in that behalf, not being less than two months from the date on which the copy aforesaid is received by that company, or from any class of shareholders therein, or from any creditors or any class of creditors thereof.
