S-5766 of 1973-74) registered under the Societies Registration Act, 1860 (Central Act 21 of 1860) having its registered office at A-50, Friends Colony, Mathura Road, New Delhi.

Vesting of management and control of Institution in Government On and from the appointed day and for a period of ten years thereafter, the management, control and possession of the property of the Institution and as was immediately before the appointed day under the management and control of the authority/governing council of the Institution by whatever name called shall vest in the Government, and all persons responsible for the management and control of the business and affairs of the Institution immediately, before the appointed day, shall cease to exercise such control and management and shall be deemed to have vacated their offices as such: Provided that if the Government is of the opinion that in order to secure the proper and efficient management of Institution and its further development after the expiry of the said period of ten years, it may, issue directions for the continuance of such management for such period, not exceeding five years, at a time, as it may think fit.