Amendment status not verified — confirm the current text below against the official source.
(1) If a trustee or office-holder or servant of an institution or any other person knowing that an order under Section 100 has been made, disobeys any direction contained in such order or otherwise fails to comply with the reasonable requirements of the said order within the period specified in such order, or if no such period is specified, within a reasonable time, he shall be deemed to have committed an offence under Section 174 of the Cochin Penal Code and he shall be liable to be prosecuted therefor. (2) (a) If at any time the Board is satisfied that in the interests of the institution it is desirable for the Board to restore the management of an institution assumed under clauses (a) and (b) of sub-section (1) of Section 98, the Board may restore the management of the institution to the original trustees or founders and may lay down such conditions as it may deem fit for the proper management of the institution after such restoration. (b) Where the management of an institution is assumed, under clause (e) of sub-section (1) of Section 98, the Board shall restore the management to the trustees or founders on their application for the same: Provided that (1) the affairs of the institution have been restored to a satisfactory condition and (2) such trustees or founders undertake in writing to abide by such conditions as may be laid down by the Board in regard to the proper management of the institution. (c) Where the management of an institution is assumed under clause (a) of sub-section (1) of Section 98, the Board shall restore the management to the trustee on application being made in that behalf by a majority of the trustees or founders and where there are only two trustees or founders by both of such trustees or founders: Provided that all moneys recoverable by the Board from the institution on account of loans advanced or sums spent during the period of assumption of management, whether before or after the coming into force of Part II of this Act, are paid before the restoration of the management of the institution.