Removal of doubts

Removal of doubts

1. (1) For the removal of doubts, it is hereby declared that the provisions of sections 5, 6 and 7 shall apply to the extent to which any property is held in the State by the said industrial undertaking. The power, authority and powers acquired and to be exercised by the Government, shall extend to contracts, agreements and other instruments of whatever nature subsisting or issued to the industrial undertaking and to the transfer of the industrial undertaking in the State and to proceedings relating to those matters pending in any Court or Tribunal in or outside the State.
2. (2) If any question arises as to whether any property was immediately before the appointed day owned or possessed by the industrial undertaking in the State or whether any rights, liabilities or obligations were acquired or incurred or whether any contract or other instrument was made or executed by the said undertaking for the purposes of its business or whether any provisions of this Act relate to those purposes, the question shall be referred to the Government which shall, after giving a reasonable opportunity of being heard to the person concerned, decide in such manner as it may think fit.