Effect of notified order issued under section 3

(1) On the issue of a notified order under section 3 appointing a Board of Control to take over the management of the undertaking,— (a) all persons in charge of the management of the Grandhasala Sangham, including the President, Vice-President, General Sectetary, Joint Secretaries and Treasurer and other members of the governing council, members of the executive committee and members of the district committees, and taluk union committees shall be deemed to have vacated their offices, as such; (b) the Board of Control shall alone be entitled, notwithstanding anything contained in any law for the time being in force, to exercise all the powers of the governing council, executive committee, districtive committees and taluk union committees; (c) as from the date of the notified order, the undertaking of the Grandhasala Sangham shall be deemed to be in the custody of the Board of Control who shall, as soon as may be after such date, take such steps as may be necessary to take into its possession or under its control all properties, assets and effects and all actionable claims comprised in the undertaking. (2) Subject to the other provisions contained in this Act and to the control of the Government, the Board of Control shall take such steps as may be necessary for the purpose of efficiently managing the affairs of the Grandhasala Sangham and shall exercise such other powers and have such other duties as may be prescribed.