(1) If the Government is satisfied that the Authority has made default in performing any duty imposed on it by or under this Act, it may initiate suitable action as deemed fit.
(2) If in the opinion of the Government, the Authority fails or neglects to perform such duty as approved in the plan, it shall be lawful for the Government notwithstanding anything contained in section 3 to supersede and reconstitute the Authority in the prescribed manner.
(3) After the supersession of the Authority and until it is reconstituted, the powers, duties and functions of the Authority under this Act shall be carried on by the Government or by such officer or officers, as the Government may appoint for this purpose. Such officer may be designated as “Administrator”.