(1) This Ordinance may be called the La lit Kala Akadami (Taking Over of Management) Ordinance, 1997.
(2) It shall come into force at once.
Definitions. 2. In this Ordinance, unless the context otherwise requires,—
(a) "Administrator" means a person appointed as the Administrator under section 4;
(b) "prescribed" means prescribed by rules made under this Ordinance;
(c) "Societies Registration Act" means the Societies Registration Act, 1860, as in force in the National Capital Territory of Delhi;
(d) "society" means the Lalit Kala Akadami being a society registered under the Societies Registration Act;
(c) words and expressions used herein and not defined, but defined in the Societies Registration Act shall have the meanings respectively assigned to them in that Act.
21 of 1860.
Sue. 1] THE GAZETTE OF INDIA EXTRAORDINARY 3
CHAPTER n TAKING OVER OF THE MANAGEMENT OF THE LALIT KALA AKADAMI
3. (/) On and from the commencement of this Ordinance, and for a period of three years thereafter, the management of the society shall vest in the Central Government:
Management of the society.
Provided that if the Central Government is of opinion that in order to secure the proper management of the society, it b expedient that such management should continue to vest in the Central Government after the expiry of the said period of three years, it may, from time to time, issue directions for the continuance of such management for such period, not exceeding one year at a time, as it may think fit; so, however, that the total period for which such management shall continue to vest in the Central Government shall not, in any case, exceed five years.
(2) The management of the society shall be deemed to Include management of all assets, rights, lease-holds, powers, authorities and privileges and all property, movable and immovable, including lands, buildings, works of art, workshops, projects, stores, instruments, library, machinery, automobiles and other vehicles, cash balances, reserve funds, investments and book debts and all other rights and interests arising out of such property as were immediately before the commencement of this Ordinance in the ownership, possession, power or control of the society, and all such books of account, registers, maps, plans and all other documents of whatever nature relating thereto.
(3) Any contract, whether express or implied, or other arrangement, in so far as it relates to the management of the undertaking and affairs of the society and in force immediately before the commencement of this Ordinance shall be deemed to have terminated on such commencment.
(4) All persons in charge of the management of the society, including persons holding offices as Chairman, Vice-Chairman, Secretary or Honrary Secretary, as the case may be, and members of the General Council, Executive Board, Finance Committee and all other committees of the society immediately before the commencement of this Ordinance shall be deemed to have vacated their offices as such on such commencement.