Management, etc., of the undertaking of the club

Management, etc., of the undertaking of the club.—(1) The general superintendence, direction, control and management of the affairs and business of the undertaking of the club, the right, title and interest in relation to which have vested in the Government under section 4, shall—

1. (a) where a direction has been made by the Government under sub-section

1. (1) of section 6, vest, on and from the date specified in such direction, in the Government company specified therein ; or
   • (b) where no direction referred to in clause
   • (a) has been made, vest, on and from the appointed day, in the custodian appointed by the Government under sub-section (2), and thereupon the Government company or the custodian so appointed, as the case may be, shall be entitled to exercise, to the exclusion of all other persons, all such powers and do all such things as the club is authorised to exercise and do in relation to the undertaking.
2. (2) The Government may appoint one or more officers of the Government or a committee of officers of the Government as the custodian of the undertaking in relation to which no direction has been made by them under sub-section
3. (1) of section 6, and the custodian so appointed shall receive, from the funds of the undertaking, such remuneration as the Government may fix and shall hold office during the pleasure of the Government.
4. (3) The custodian of the undertaking shall maintain an account of the undertaking in such form and manner and under such conditions, as may be prescribed.