ADMINISTRATION OF THE CORPORATION
Suspension of particular department or institution of the Corporation
147. (1) If, after such enquiry as may be necessary, the Government is of the opinion that the Corporation is not able to run a particular department or institution efficiently, it may, by order published in the official Gazette, suspend the authority of the Corporation over such department or institution for such period as may be specified in the order.
(2) Where the authority of the Corporation over any department or institution is so suspended, the Government may itself take over the management of such department or institution or make such other arrangements as it thinks fit, and may require the Corporation or, in case the Corporation fails to comply, the Bank or person holding the Corporation Fund to place such amount as may be necessary for the management of such department or institution at the disposal of the Government.
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Ministry of Law, Justice and Parliamentary Affairs