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Notwithstanding the vesting, under this Act, of a textile undertaking in the National Textile
Corporation,--
(a) the Custodian who has been managing the affairs of such undertaking before the date on
which the Textile Undertakings (Nationalisation) Ordinance, 1995 (Ord. 6 of 1995) was promulgated
shall, until alternative arrangements have been made by the National Textile Corporation, continue to
manage the affairs of such undertakings as if the Custodian had been authorised by the National
Textile Corporation to manage the affairs of such undertaking; and
(b) the Custodian or any person authorised by him for this purpose shall,until alternative
arrangements have been made by the National Textile Corporation, continue to be authorised to
operate, in relation to the textile undertaking, any account of such undertaking in a bank as if such
Custodian or the person authorised by the Custodian had been authorised by the National Textile
Corporation to operate such account.
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