Application of certain enactments and contracts, agreements, etc., to relief undertaking

Application of certain enactments and contracts, agreements, etc., to relief undertaking.—The Government may, if they are satisfied that it is necessary so to do for the purpose specified in section 3, direct, by notification, that—

1. (a) in relation to any relief undertaking, all or any of the enactments specified in the Schedule shall not apply (and such relief undertaking shall be exempt therefrom) or shall apply with such adaptations, whether by way of modification, addition or omission, as may be specified in the notification; or
2. (b) that all or any of the contracts, assurances of property, agreements, settlements, awards, standing orders or other instruments in force, to which a relief undertaking is a party or which may be applicable to any relief undertaking, immediately before the date on which the relief undertaking was declared a relief undertaking, shall be suspended in operation or that all or any of the rights, privileges, obligations and liabilities accruing or arising thereunder before the said date, shall be suspended or be enforceable with such modifications and in such manner as may be specified in such notification.