Prohibition of alienation of Loktak Lake

No part of Loktak Lake whatsoever standing within the Loktak Lake together with all additions thereto or alterations thereof which may be made after the commencement of this Act, shall be sold out or leased out or let out on hire or exchanged or mortgaged or otherwise transferred or conveyed or allotted or converted in any form whatsoever to any person or organization or society or agency or trust.