Government or the corporation or company owned by the Government to which the acquired property is transferred to have exclusive privilege of running any stage carriage or contract carriage

Except to the extent otherwise expressly provided in this Act, on and from the notified date, the corporation or company or the State Transport Department of the Government to which the acquired property is transferred under section 20, shall have the exclusive privilege of running such stage carriage or contract carriage. Such corporation or company or State Transport Department of the Government shall, notwithstanding anything contained in the Motor Vehicles Act, be entitled to the grant or renewal of permits under the said Act in respect of any such stage carriage or contract carriage to the exclusion of other persons and any officer or authority under the Motor Vehicles Act shall not invite any application or entertain any such application of other persons, for the grant of permit for the running of any stage carriage or contract carriage.