5. [Notwithstanding anything contained in any memorandum or articles of association of any scheduled industrial enterprises or, as the case may be, the industrial enterprises placed under a Corporation by an order under clause (1) of Article 10, or in any charter, agreement, contract or other
instrument whatsoever, the Government may, in respect of any such industrial enterprise,-]
(a) [* * *] take such measures and do such things as it deems necessary or expedient for the purpose of efficient running of such industrial enterprise;
(b) dissolve the Board of Directors of such industrial enterprises and appoint new Directors;
(c) terminate any managing agency agreement in respect of such industrial enterprise; and
(d) modify or amend the memorandum or articles of association or any charter, agreement, contract or instrument of such industrial enterprise.