(1) where the Government is of opinion that the management of any educational institution should either in public interest or in order to secure the proper management of the said educational institution be taken over, it may, after giving an opportu nity to Hie rnanao ernent to make any representation, take over tne manaqernent of said educational institution by issuing a notification and on and from the date of such notification Hie management of the sate educational institution shan vest in the Government with all its assets, moveable and irnrnovabte properties.
(2) Upon publication of the notification under sub-section (1), all the liabilities of the educational institution shall stand postponed for a period of five years or till the institution is finally acquired, wriicnever is earlier.
(3) Notwithstanding anything contained in the Limitation Act, 1963, the period of limitation for any claims throuqh Civil Court shall exclude the period covered by sub-section (2) of this section,
(4) All persons who are in the management on the date of the notification shall cease to hold any office in the management and shall be deemed to have vacated their office as on that date.
(5) The Director either personally or tnrouqh a body of persons nominated by him, shall assume the management of the said educational institution.
(6) All contracts with the management before the notification shall automatically stand terminated. The Director or the new management may renew the contracts upon fresh negotiation and fresh terms mutually agreed between me parties. All contracts of ernployment snau be in force during the period agreed under the contract of employment.
(7) All claims against tile manaaement of tile said educational institution shall remain to be the claims against the said institution and tne Government shall not be liable to any of those Cl3ilTIS or liabilities of the said educational institution.
(8) Upon vesting of the management of the educational institution, the Government shall pay an amount equivalent of the net value of the property as assessed by tile competent authority in five equal instalments Requisitioning as- 17. (1) Where recognition or permission ~F3nt8d to an educational institution is sets of an educe- withdrawn under this Act. or where an ocucational institution is closed or tionet institutions. mismanaged and. if. in the opinion of II-\e Government. it is necessary to requisition the assets and the property of SUCfl an institution. the Govern men! may. aftu giving an opportunity to trio management of the institution to make representation. reouisition such assets ano property and make such further orders regarding the possession and use of such assets and property of such all educational institution. as may appear necessary or expedient in connection w:1I1H18 purpose oi such requisitioning.
(2) Where any property is rnquisitioncd under sub-section (1) the Government may -
(a)
(b) use 01' deal with such property for any educational purpose. or by orcor permit any person or body of persons to use or deal with such property tor any such purpose subject to the oavrnent of rent or other sums to the Government.
(3) The Director or any person authoriscd by him sf"1()11cntl)r upon the orooorty requisitioned (Jnd take possession ol tile property requisiticnc/J bv (:i";n()sscss.no any person rCtnJin:ng in po~;sC!ssion of su(:h iYCr) I,. ( ;i so requisinonce.
(4) .An)! person who resists tl~(' 'iir8ctor 01 any PUSO;l auti-ic;!'isec by him to take possession sll;]!1 L10 linblo .. .. : ·~.;::;t'-'ri ;-'\' an order of the lV1aC~I::;tra.te having [unsdicuon over tho property to bc'. e/(~cut(;(l tly tJie police.
(5) The (30llornmrJnt ITIJ\,. by notification relc;JsG the property from the order or requisition in wl"lole or III pJrt If it is of tile opinion tt at there is no necessity for keeping tile property under rcouisition.
(6) On such release. tno property sl1::111vest in tile;)oorson or body of persons II'olll whol1l it was requrs.tioned and the Government shall be discharged cd ,:.::!IUH~ li;d)illli.--~s In respect of that property.
(7) During the period of requisition. the, Government shall pay rent to the owner of tilt:) property at a rate as applicable to similar properties ill that area 3S per rules framed by the Governrnent for !ixtng rent Acquisition of Prop ertv,