Amendment status not verified — confirm the current text below against the official source.
If the Government after giving the Corporation an opportunity to offer an explanation, is satisfied that the Corporation has made a default in performing any duty or obligation imposed or cast on it by or under this Act, the Government may fix a period for the performance of that duty, or obligation and give notice to the Corporation and the Corporation shall, thereupon, be bound to perform such duty or obligation, as the case may be, within the period so fixed.