10. Management, etc., of the undertakings of the Company.—(1) The Braithwaite and Company
Limited in which the undertakings of the Company and the right, title and interest of the Company in
relation to its undertakings vested under section 6 shall be entitled to exercise all such powers and do all
such things as the Company is authorised to exercise and do in relation to its undertakings.
(2) The general superintendence, direction, control and management of the affairs and business of the
undertakings of the Company, the right, title and interest in relation to which have vested, under section 3,
in the Central Government and, under section 6, in the Braithwaite and Company Limited shall, where a
direction has been made by the Central Government under sub-section (1) of section 7, vest in the
Government company specified in such direction, and thereupon the Government company so specified
shall be entitled to exercise all such powers and do all such things as the Company is authorised to
exercise and do in relation to its undertakings.
11. Duty of persons in charge of management of the undertakings of the Company to deliver all
assets, etc.—(1) On the vesting of the management of the undertakings of the Company in the
Braithwaite and Company Limited, all persons in charge of the management of the undertakings of the
Company immediately before such vesting shall be bound to deliver to the Braithwaite and Company
Limited all assets, books of account, registers or other documents in their custody relating to the
undertakings of such Company.
(2) The Central Government may issue such directions as it may deem desirable in the circumstances
of the case to the Braithwaite and Company Limited as to its powers and duties and the Braithwaite and
Company Limited may also, if it so desires, apply to the Central Government at any time for instructions
as to the manner in which the management of the undertakings of the Company shall be conducted by it
or in relation to any other matter arising in the course of such management.
(3) On the vesting of the management of the undertakings of the Company in a Government
company, the provisions of sub-sections (1) and (2) shall apply to, or in relation to, the Government
company as they apply to, or in relation to, the Braithwaite and Company Limited, subject to the
modification that the references to the Braithwaite and Company Limited shall be construed as references
to the Government company.