Section 76. Transitional provision

76. Transitional provision.— Notwithstanding anything contained in this Act, the Board of Trustees functioning as such immediately before the commencement of this Act shall continue to so function until the Board for each Major Port is constituted under this Act, but on the constitution of such Board, under this Act, the Members of the Board of Trustees holding office before such constitution shall cease to hold office. STATEMENT OF OBJECTS AND REASONS The Major Port Trusts Act was enacted in the year 1963 for constitution of port authorities for certain Major Ports in India and to vest the administration, control and man-agement of such ports in such authorities and for matters connected therewith.