Amendment status not verified — confirm the current text below against the official source.
Withtuawal d area o( eslate ot pad ltBreor- Vwtere the Governmer is sa snd lhal in r6pecl of any particular industrial estats, induslrial area, or any part lhereol, lhe Arposes {or whii;h tho Corporation was established unde, this Acl have been substantially achieved so as lo render the continuod existencs of Such estate, centIe tr area or part thereo, under the Corporatirn unnacessary, lhe Govemm€nt may, by notificaton in tio @zslte, dedaro lhat sucfi industrial estalo, or itdusfial atea or palt th€rsof, has b6€n tomovod from lho jurisdiclion of the CoQoralbn. Th€reupon, tho Go\€mment may. alter Consulling ths CoaDo€fon, pass sucfi orders in resp€cl ot consequentbl financlal arangprn€nts with the Corporation and the transfer or apportionment of any assels and tiabilities ol lhe Co(poration as they may deem tit. The Govemmonl may also make such oth€r incE€ntal ararEsnants for th€ adrinbtralidt ot such estet6, centro o. araa o. pa.l Olcrcot 8s lhey think til. '19 40 Oeraull in perlormance ot duly - tf lhe Governnrent alter giving lhe Corporation an opportunity to offer an exptanation. is satisfied lrat the Corporatron has made a defau in pertorming any duly or obligatron imposod or casl on it by or under thas Act. the Govemment may lix a penod lor lhe perlormanca ot thal duty or obligation and give nolice to the Corporation and lhe Corporetion shall, lhereupon, be bound to perform such duty o{ obligalion. as lhe case may be, within th€ perbd so lixed.