Compensation for movable property taken over

Whenever any movable property is taken over under this Act, the compensation payable therefor and the person to whom it should be paid shall be determined in such manner as may be prescribed; and where the property concerned has been acquired with the aid of a Government grant, the rules may provide for the manner in which the amount of the grant shall be taken into account in fixing the compensation payable. (1) The Tamil Nadu Educational Institutions (Temporary Control of Property) Amendment and Validation Ordinance, 1975 (Tamil Nadu Ordinance 14 of 1975) is hereby repealed. (2) Notwithstanding such repeal anything done or any action taken under the principal Act, as amended by the said Ordinance, shall be deemed to have been done or taken under the principal Act, as amended by this Act, as if this Act had come into force on the 8th September 1975.