(9) If the purchaser fails to pay the full price of the sale, the pro perty may be resold, and any
deficiency which may happen on resale and all expenses attending such resale may be recovered
from him.
(10) Any amount payable under this section, whether as unpaid price, or as forfeiture or
otherwise, if not paid within the time specified, if any, shall be recoverable as arrears of land revenue.
(11) The sale shall be complete after all proceedings under this section relating to sale or resale, as
the case may be, have been concluded and all sums due from the purchaser in whose favour the sale
has been con cluded have been paid by or recovered from him.
11B. Removal of control and possession, etc.___ (1) On the completion of sale the 1[Federal
Government] or the authority or persons, as the case may be, arranging the sale shall deliver
possession of the pro perty, or in the case of shares, of the certificated relating thereto, to the
purchaser, supported by a sale certificate.
(2) If in consequence of the action taken under sub‑section (1) of Section 11A, the Board of
Directors of a company has ceased to function, the person appointed thereunder shall, immediately
after the delivery of possession under sub‑section (1), call, notwithstanding anything to the contrary
in the Companies Act, 1913, or the consti tution of the company, by public advertisement, a general
meeting of the company to be held under his chairmanship, for the purpose of electing directors.
(3) A meeting called under sub‑section (2) shall, as far as practi cable, be held and conducted in
accordance with the Articles of Associa tion of the company.
(4) On the conclusion of a meeting held under this section, a record of the proceedings shall be
1 Subs. by the Preventive Detention Laws Amendment Act, 1975 (44 of 1975), s. 2, for “Central Government”.
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