Management of the Medical College to vest in the Government on the appointed day

(1) On and from the appointed day, the management of the Rangaraya Medical College at Kakinada shall vest in the Government and shall continue to so vest for a period not exceeding 5 years, or until the Medical College is acquired, whichever is earlier. (2) The Medical college shall be deemed to include all assets, rights and lease-holds, powers, authorities and privileges, and all property, movable and immovable, including lands, buildings, stores, instruments and vehicles, cash balances, reserve fund, investments and book debts and all other rights and interests arising out of such property as were, immediately before the appointed day, in the ownership, possession, power or control of the private management, and all books of account, registers and all other documents whatever nature relating thereto. (3) Any contract, whether express or implied, or other arrangement, (not being a contract or agreement specified in section 10) in so far as it relates to the management of the medical college, and in force immediately before the appointed day, shall be deemed to have terminated on the appointed day. (4) All persons, in whom the management of the medical college vests immediately before the appointed day, shall, as from that day, cease to be so vested and shall be deemed to have vacated their offices as such on the appointed day. (5) Notwithstanding anything in any other law for the time being in force, no person in respect of whom any contract of management or other arrangement is terminated by reason of the provisions contained in sub-section (3), or who ceases to hold any office by reason of the provisions contained in sub section (4), shall be entitled to claim any compensation for the premature termination of the contract of management or other arrangement or for the cessation of management or for the loss of office, as the case may be. (6) Notwithstanding any judgment, decree or order of any court, tribunal or other authority or anything contained in any other law for the time being in force, every person in whose possession or custody or under whose control the medical college or any part thereof, or any properties attached thereto, may be immediately before the appointed day, shall, on the appointed day, deliver possession of the medical college or such part thereof, or any properties attached thereto, as the case may be, to the Special Officer, or where no Special Officer has been appointed, to such other person as the Government may direct. (7) For the removal of doubts, it is hereby declared that any liability incurred by the private management in relation to the medical college before the appointed day shall be enforceable against the private management and not against the Government or the Special Officer.