Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything in Section 4 of this Act, the President, Secretary, Treasurer, if any, of the College, functioning as such immediately before the commencement of this Act and any other person in custody of accounts, registers, records, other documents or properties of and relating to the College shall handover such custody to the officers of the Government appointed under sub-section (1) of Section. 4. Within a period of one week from the date of their appointment or within such further time as may be granted by the Government in this behalf. (2) If any person, without any reasonable excuse knowingly and wilfully makes default in complying with the requirements of the preceding sub-section he shall be punishable with imprisonment which may extend to six months or with fine which may extend to two thousand rupees or with both;