Amendment status not verified — confirm the current text below against the official source.
(1) The State Government may, by order published in the Official Gazette, supersede the Corporation for such period as may be specified in the order after giving a reasonable opportunity to the Corporation to show cause against the order proposed to be issued and after considering the objection, if any, of the Corporation: Provided that it shall not be necessary to give any opportunity to the Corporation to show cause against the order proposed to be issued if the State Government is of the opinion that it is neither expedient nor necessary to do so in the public interest. PART III] THE KOLKATA GAZETTE, EXTRAORDINARY, SEPTEMBER 13, 2017 9 The West Bengal Scheduled Castes, Scheduled Tribes and Other Backward Classes Development and Finance Corporation Act, 2017. (Sections 29-31.) Liquidation of the Corporation. Recovery of sums due. Power to make rules. (2) Upon the publication of the order under sub-section (1) superseding, the Corporation— (a) all the members of the Corporation shall as from the date of supersession vacate their offices as such members; (b) all the powers and duties which may by or under the provisions of this Act or of any other law for the time being in force be exercised or performed by or on behalf of the Corporation shall, during the period of supersession, be exercised and performed by such person or persons as the State Government may direct; (c) all property vested in the Corporation shall during the period of supersession vest in the State Government. (3) On the expiration of the period of supersession as specified in the order issued under sub section (1), the State Government may— (a) extend the period of supersession for such further period as it may consider necessary, or (b) reconstitute the Corporation in the manner provided in this Act for establishing the Corporation.