(1) The State Government may, on an application made by the Committee in this behalf, advance moneys for the purpose of efficiently managing the Auditorium and all such moneys shall be repayable with such intererest as may be prescribed.
(2) Any money advanced under sub-section (1) shall, subject to the prior payment of municipal rates, if any, and any sum due to the State Government on account of taxes or fees, be a first charge upon the properties in relation to the Auditorium.
12. The State Government may, if it is satisfied that it is necessary or expedient so to do, direct by notification that the operation of all contracts, assurances of property, agreements, settlements, awards, standing orders or other instruments in force in relation to the Auditorium immediately before the appointed day shall remain suspended and all rights, privileges, obligations and liabilities accruing or arising thereunder before the said date shall remain suspended or shall be enforceable with such modifications and in such manner as may be specified in the notification.
Transaction of business of the Committee.
Advances by the State Government.
Contracts, agreements, etc. to remain suspended.
13. In computing the period of limitation for the enforcement of any right, privilege, obligation or liability referred to in section 12, the period during which it or the remedy for the enforcement thereof was suspended shall be excluded.
14. The provisions of this Act or any notification, order or rule made thereunder shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in any instrument having effect by virtue of any law other than this Act or in any judgement, decree or order of any court, tribunal or other authority or in any contract, express or implied.
Period of limitation.
Act to have overriding effect.
125 The Calcutta University Institute (Taking over of Management of Auditorium) Act, 1985.
[West Ben. Act XIV of 1985.]
(Sections 15-18.)
Protection of action taken in good faith.
Power to make rules.
Power to make regulations.