(I) On the issue of a notrfied order under section 3 appointing a Boa"d of Co ncr ol to take over the management of the undertaking,-
(a) all persons in charge of the management of the Grandhasala Sangham, including the President: Vice-President, General Secretary, Joint Secretanes and Treasur cr and ~>thcr members of the governing council, members of the executive committee and members of the district committees, and taluk umon committees ;hall be deemed to have vacated their offices, as such;
(b) the Board of Control shall alone be entitled, notwithstanding anything contained in any law for the time being m force, to ex:ercise all the powers of th{ goverr,mg council, executive c:ommittee, district committees and tl'lluk union committees;
(c) as from the date of the n,,trfied order, the undertaking of the Grandhasala Sangham shaii be deemed to be in the custody of the Board of Control who slnll. as ~oon as may be after such aatc, take such step; as may be necessary to take into its possession or under its cont10l all properties) assets and effect\ and all actionable clarms comprised in the undertakmg.
(2) Subject to the other provis10ns rontarned m this Act and to the control of the Government, the Board of Control shall take such steps as may be necessary for the purpose of efficiently managing the affau s of the Grandha~ala Sangham and shall c:xercise such other powers and have such other duties as may be prescribed.