Section 5. Power of Central Government to direct vesting of rights in a Government company

5. Power of Central Government to direct vesting of rights in a Government company.— Notwithstanding anything contained in section 4, the Central Government may, if it is satisfied that a Government company is willing to comply, or has complied, with such terms and conditions as that Government may think fit to impose, direct, by an order in writing, that the right, title and interest of the Housing Board in relation to any property shall, instead of continuing to vest in it, vest in the Government company (hereinafter referred to as the Government company) either on the date of publication of the direction or on such earlier or later date (not being a date earlier than the appointed day) as may be specified in the direction, and on such vesting, the liability or obligation, as the case may be, of the Housing Board, in relation to such property shall, instead of continuing to be the liability or obligation of the Central Government, become the liability or obligation, as the case may be, of the Government company. — 7. Moneys, etc., of the Fund to be credited to the Consolidated Fund of India. On the appointed day, all moneys and cash balances lying in the credit of the housing account and the general welfare account of the Coal Mines Labour Housing and General Welfare Fund constituted under section 4 of the Act, shall become part of, and be credited to, the Consolidated Fund of India. — Notwithstanding the repeal of the Act, the proceeds of duty levied before the appointed day under section 3 of the Act, — - (i) if collected by the collecting agencies but not paid into the Reserve Bank of India; and - (ii) if not collected by the collecting agencies,