Section 10
Dissolution of the Authority.
The Marine Products Export Development Authority Act, 1972
About this Act
An Act to provide for the establishment of an Authority for the development of the marine products industry under the control of the Union and for matters connected therewith.
(1) The Central Government may, by notification in the Official
Gazette and for reasons to be specified therein, direct that the Authority shall be dissolved from such date
and for such period as may be specified in the notification:
Provided that before issuing any such notification, the Central Government shall give a reasonable opportunity to the Authority to make representations against the proposed dissolution and shall consider the representations, if any, of the Authority.
(2) When the Authority is dissolved under the provisions of sub-section (1),--
(a) all members notwithstanding that their term of office has not expired, shall, from the date of dissolution, vacate their offices as such members;
(b) all powers and duties of the Authority shall, during the period of dissolution, be exercised and performed by such person or persons as the Central Government may appoint in this behalf;
(c) all funds and other property vested in the Authority shall, during the period of dissolution, vest in the Central Government; and
(d) as soon as the period of dissolution expires, the Authority shall be reconstituted in accordance with the provisions of this Act.
Provided that before issuing any such notification, the Central Government shall give a reasonable opportunity to the Authority to make representations against the proposed dissolution and shall consider the representations, if any, of the Authority.
(2) When the Authority is dissolved under the provisions of sub-section (1),--
(a) all members notwithstanding that their term of office has not expired, shall, from the date of dissolution, vacate their offices as such members;
(b) all powers and duties of the Authority shall, during the period of dissolution, be exercised and performed by such person or persons as the Central Government may appoint in this behalf;
(c) all funds and other property vested in the Authority shall, during the period of dissolution, vest in the Central Government; and
(d) as soon as the period of dissolution expires, the Authority shall be reconstituted in accordance with the provisions of this Act.