Amendment status not verified — confirm the current text below against the official source.
Dissolution of the Board.—(1) If the Governmentfor any :e2son are of opimon that it 1s not tecessary to continue the Bord they mey, by noufi- cation in the Gazette, dissolve the Board fiom such date es may be specificd therein. (2) Upon the peLhecation of 2 nonficaton under stb section (1) dissolving the Board,— (a) the Chairman end all the other Dnictors cf the Boaid shall, as from the date of dissolytion, vacate then offices 2s such; (b) all the powers and functions which mvy, by or under the provisionsofthis Act, be excicised and perfo.m d by ot on beh Ifof the Board and the Chauir.t.an shall, as fio.n the dace uf dost .0n, be exercised and pertozmed by the Governme.t ur such 2 tho.ity 0: pe.son as thry may apnoist in thise beualf; (c) all funds and othe: propertics vested in the Board shell vest in the Government, and (d) all liabiliues legally subsisting and enforceable against the Board shall be enforceable against the Government to the extent of the funds and propertics vested in thein. (3) Nothing in this section shall affect the lability of the Government m respect of bonds or debenturcs guaranteed by the Government. 476 19, Bar ofjurisdiction of C-vil Courts—No Cavil Court shall have jurisdic- tion to settle, decide or deal with any question or to determine any matter which is by or under this Act or Scheme required to be settled, decided or dealt with or to be determined by the Government or the Board or any officer authorised by the Goveinment or the Board.