(1) The State Government with a view to satisfy itseU that the powers and duties of the Board are being exercised and performed properly, may, at any time, appoint any person or persons to make inquiries into all or any of the activities of the Board and to report to the State Government the result of such inqu,iries.
(2) The Board shall give to the person or persons so appointed all facilities for the proper conduct of the inquiries and shall produce before the person or persons any document, account or informa tion in the possession of the Board, which such person or persons demand for the purposes of the inquiries.
Default in S performance of 83 (1) If the tate Government is satisfied that duty and super· the Board has made default in performing any duty msion. imposed on it by or under this Act, it may fix a period for the performance of that duty.
(2) J f in the opinion o " the State Government the Board fails or neglects to perform such duty within th e period so fixed for its performance, it shall be lawful for the State Government. no twithstanding anything contained in Section 8, to supersede and reconstitute the Board in the prescribed manner.
(3) A [ter the supersession of the Board and until it is reconstituted the powers, duties and func tions of the Board under this Act shall be carried on by the State Government or by such officer or officers as t he State Government may appoint for this purpose.
Dissolution of 84. (1) The State Government may, if it is satisfied the Hoard. in public interest to do so, by a notification in the official Gazette, declare that, with effect from such clflte as may be. .. ~ecified in tha . ,notification, the Board shaH stand diss'dlve'd 38
(2) With effect from the date specified in the notification under sub-section (1),-
(a) all properties, funds and dues which are vested in or realizable by the Board shall vest in and be realizable by the State Government ;
(b) all liabilities enforceable against the Board shall be enforceable against the State Government to the extent of the properties, funds and dues vested in and realized by the State Government.
(3) Nothing in this section shall effect the liability of the State Government in res pect of loans or debentures guaranted under sub-section (5) of Section 64.
AGP. (Gau<) law 255f74_~3,600-;-9-3-74 ..
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