(1) The Central Government may, as soon as it is convenient administratively so to do, appoint any person as Custodian for the purpose of taking over the management of the coking coal mine and the person so appointed shall carry on the management of such mine for and on behalf of the Central Government.
(2) The Central Government may also appoint a person as the Custodian-General for exercising supervision and control over all the coking coal mines, the management of which is taken over under this Ordinance, and on such appointment, every Custodian, appointed under sub-section
(1), shall act under the guidance, control and supervision of the Custodian-General.
(3) On the appointment of a Custodian under sub-section (2), the charge of management of the coking coal mine shall vest in him and all persons in charge of the management of such mine immediately before such appointment shall cease to be in charge of such management and shall be bound to deliver to the Custodian all assets, books of account, registers or other documents in their custody relating to the coking coal mint.
(4) Nothing contained in section 4 shall apply to any coking coal mine the management of which has been taken over by the Custodian, but the Central Government may issue such directions to the Custodian as to his powers and duties as it deems desirable In the circumstances of the case, and the Custodian may apply to the Central Government at Power of Central Government to appoint Custodians to take over the management of coking coal mines.
330 THE GAZETTE OF INDIA EXTRAORDINARY IPART II any time for instructions as to the manner in which he shall conduct the management of the coking coal mine or in relation to any matter arising in the course of such management.
(5) The Custodian shall receive from the funds of the coking coal mine for the charge of management of which he is appointed under subsection (1) such remuneration as the Central Government may fix.
(6) The Custodian and the Custodian-General shall hold office during the pleasure of the Central Government