Amendment status not verified — confirm the current text below against the official source.
(1) Lf the State Govohcat is satisfied that the Board has made a default p~rformenec in performing of any duty or obligation imposed or cast on it by or under ~ ~ * y ' y # - thisAct,the Slate Governmentmayfixaper~odforthe~erformaneeofthat duty or obligation and give notice to the Board accordingly. . . - , (2) 1f In the opiniou of the State Government the Board fails or ' neglects to perform such duty or obligation withn the period so fixed for its pezioimance, it shall bp lawful for the State Government to supersede and reconstitute theBoard. (3) Aftex the supersession of the Board and until it is dnstituled in thc mamcr, laid down in Chapter LI, the powers, duties and functions of the Corporation under this Act shalt be carricd on by the State Gov~rnment or by such ofiimr or , , , . ' officers or body or onicers as the State Goveinrnent,may appoint for this purpose from time to time. (4) All property vested in the Corporation shaIl, during the period of 2 . supersession, . . vcsl in the State Government. Disso~ur~on