Relinquishment of management of the College or acquisition of the College.

Upon the expiration of the period of five years from the appointed day the management and control of the College within the State of Meghalaya shall revert back to an adhoc committee Body constituted for the purpose; Provided that the State Government may, at any time before the expiration of the said period of five years, transfer back the management and control of the College to an adhoc committee constituted for the purpose; Provided further that the State Government may, in the public interest, at any time before the expiry of the said period of five years acquire the property (movable and immovable) of the College for any public purpose connected with education, by publishing a notification to this to this effect in the Official Gazette. The acquired property shall vest absolutely in the Government free from all encumbrances. The amount payable as compensation, if any, shall be fixed by the Government, which shall be final and binding.