Section 13:
Power of Central Government to direct vesting of rights in a Government company.
Notwithstanding anything contained in section 12, the Central Government may, if it is satisfied that a
Central Government company is willing to comply, or has complied with such terms and conditions as
that Government may think fit to impose, direct, by an order in writing, that the right, title and interest of
the Coal Board in relation to any property shall, instead of continuing to vest in it, vest in the Government
company either on the date of publication of the direction or on such earlier or later date (not being a date
earlier than the appointed day) as may be specified in the direction, and on such vesting the liability or
obligation, as the case may be, of the Coal Board in relation to such property shall, instead of continuing
to be the liability or obligation of the Central Government, become the liability or obligation, as the case
may be, of the Government company.