(1) If at any time it appears to the State Government that the purpose for which the management of Institute had been taken over have been fulfilled or that for any other reason it is not necessary that the management of Institute should remain vested in that Government, it may, not withstanding anything'contained in sub-section (1) of section 3, by order published in the Official Gazette, relinquish the management of Institute with effect from such date as may be specified in the order. All liabilities of the State Government in relation to the Institute shall cease on such date.
(2) On and from the date specified in the order made under sub-section
(1) the management of the property .of the Society forming part of,. or relatable to, Institute, shall vest in the Government Body (by whatever * name called) of the Society and such management shall be carried on in accordance with the provisions of the Society Registration Act, 1973, so that the steps, if any, in relation to the management of tlhe property of the Society forming part of, or relatable to, Institute, may be taken after issue of the order made under sub-section 1).