Amendment status not verified — confirm the current text below against the official source.
(1) The State Government may, if it is satisfied that it is necessary or expedient so to do, direct, by notification, that the operation of all contracts, assurances of property; agreements, 282 The Indian College of Arts and Draftsmanship (Taking over of Management) Act, 1977. XXXV of 1977.] (Section 4.) settlements, awards, standing orders or other instruments in force in relation to the institution immediately berofe the appointed day, shall remain suspended and all rights, privileges, obligations and liabilities accruing or arising thereunder before the said date shall remain suspended or shall be enforceable with such modifications and in such manner as may be specified in such notification. (2) A notification issued under sub-section (1) shall have effect notwithstanding anything to the contrary contained in any other law, agreement or instrument or any decree or order of any court, tribunal, officer or other authority. (3) Any remedy for the enforcement of any right, privilege, obligation or liability referred to in sub-section (1) and suspended or modified by a notification under that sub-section shall, in accordance with the terms of the notification, remain suspended or modified, and all proceedings relating thereto pending before any court, tribunal, officer or other authority shall accordingly be stayed or be continued subject to such modification so, however, that on the notification ceasing to have effect— (a) any right, privilege, obligation or liability so suspended or modified shall revive and be enforceable as if the notification had never been issued; and (b) any proceeding so stayed shall be proceeded with subject to the provisions of any law which may then be in force from the stage which had been reached when the proceeding was stayed. (4) In computing the period of limitation for the enforcement of any right,privilege,obligation or liability referred to in sub-section (1), the period during which it or the remedy for the enforcement thereof was suspended, shall be excluded. (5) With effect from the appointed day the Administrator shall have all the powers of management in relation to the institution. (6) All persons in charge of the management of the undertaking of the institution, immediately before the appointed day, shall be deemed to have vacated their offices on the appointed day. 283 The Indian College of Arts and Draftsmanship (Taking over of Management) Act, 1977. [West Ben. Act (Section 4.) (7) Notwithstanding anything contained in any law for the time being in force, no person in respect of whom any contract of management or other arrangement is terminated by reason of the provisions contained in sub-section (1), or who ceases to hold any office by reason of the provisions contained in sub-section (6), shall be entitled to claim any compensation for the premature termination of the contract of management or other arrangement or for the loss of office, as the case may be. (8) Every person in whose possession or custody or under whose control the undertaking of the institution or any part of it may be immediately before the appointed day shall, on the appointed day, deliver possession of the said undertaking or part thereof to the Administrator or to such person or authority as may be specified by the Administrator in this behalf. (9) Any person who, on the appointed day, has in his possession or under his control any books, papers or other documents relating to the undertaking of the institution including minute books, cheque books, letters, memoranda, notes or other communications shall, notwithstanding anything contained in any law for the time being in force, be liable to account for such books, papers and other documents or the minute books, cheque books, letters, memoranda, notes or other communications to the Administrator and shall deliver them up to the Administrator or to any such person or authority as may be specified by the Administrator in this behalf. (/0) The State Government may take,or cause to be taken, all necessary steps for securing the possession of the undertaking of the institution the management of which has been taken over by it under section 3. (11) Every person in charge of the management of the undertaking of the institution immediately before the appointed day shall, within ten days from that day or within such further period as the State Government may allow in this behalf, furnish to the Administrator a complete inventory of all the properties and assets forming part of the undertaking of the institution immediately before the appointed day and of all the liabilities and obligations of the institution in relation to its undertaking subsisting, immediately before that day and also of all agreements entered into by such institution in relation to its undertaking and in force immediately before that day. 284 The Indian College of Arts and Draftsmanship (Taking over of Management) Act, 1977. XXXV of 1977.] (Sections 5-7.) (12) Notwithstanding anything contained in sub-section (1), every person employed in connection with the undertaking of the institution, who has been in such employment immediately before the apointed day, shall continue to hold office after the appointed day with the same rights as to pay, leave, pension, gratuity and all other matters, unless and until his employment in such undertaking is terminated or the terms and conditions of employment are altered by the State Government in accordance with such rules as may be prescribed.