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(1) On
the vesting of the undertakings of the Sikkim Bank in the State Government under section 6, every person
in whose possession or custody or under whose control any property referred to in sub-section (1) of
section 5 may be, shall deliver the property to the State Government forthwith.
(2) Any person, who, on the appointed day, has in his possession or under his control any books,
documents or other papers relating to the undertakings of the Sikkim Bank which have vested in the State
Government under section 6 and which belong to that Bank, or would have so belonged if the
undertakings of the Sikkim Bank had not vested in the State Government, shall be liable to account for
the said books, documents or other papers to the State Government and shall deliver them up to the State
Government.
(3) The State Government may take, or cause to be taken, all necessary steps for securing possession
of all properties which have vested in that Government under this Act.
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