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Notwithstanding the vesting under this Act of the undertakings of any jute company in the
Central Government or the Jute Manufactures Corporation--
(a) any person who has been managing the affairs of such undertakings before the date on which
the undertakings had so vested shall, until alternative arrangements have been made by the Central
Government, or, as the case may be, the Jute Manufactures Corporation, for the management of such
undertakings, continue to manage the affairs of the undertakings, as if such person had been authoried
by the Central Government, or, as the case may be, the Jute Manufactures Corporation, to manage
such undertakings;
(b) such person shall, until alternative arrangements have been made by the Central Government,
or, as the case may be, the Jute Manufactures Corporation, continue to be authorised to operate, in
relation to the undertakings of such jute company, any account of such undertakings in any bank as if
he had been authorised by the Central Government or the Jute Manufactures Corporation to operate
such account.
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