Acquisition of Property

(1) Where any property is vested under section 16 in connection with the taking over of the management of the educational institution or is subject to requisition under section 17, the Government may, if it considers it necessary to acquire the property for any public purpose connected with education, acquire at any time such property by publishing a notice in the Official Gazette to the effect that the Government has decried to acquire the property in pursuance of this section. (2) When notice under sub-section (1) is published in the Official Gazette, the said property shall, on and from the date on which the notice is so published, cease to be subject of requisitioning and shall vest absolutely in the Government free from all encumbrances: Provided that no requisition under this section shall be made unless the State Government pay compensation, solatium and interests etc. to the management of educational institution as per the provisions of the Land Acquisition Act, 1894.