Section 3. Inapplicability of the provisions of the Dock Workers (Regulation of Employment) Act, 1948 to major ports

3. Inapplicability of the provisions of the Dock Workers (Regulation of Employment) Act, 1948 to major ports.— The Central Government may, after settlement is arrived at between the Dock Labour Board of any major port, its workmen and the management of that major port in accordance with the provisions of the Industrial Disputes Act, 1947 (14 of 1947), direct, by notification in the Official Gazette that the provisions of the Dock Workers (Regulation of Employment) Act, 1948 (9 of 1948), shall cease to have effect in relation to that major port with effect from the date specified in that notification. — (1) On the — appointed day in relation to a major port, (a) all property, assets and funds vested in the Dock Labour Board immediately before such day, shall vest in the Board; (b) all debts, obligations and liabilities incurred, all contracts entered into and all matters and things engaged to be done, by, with or for the Dock Labour Board immediately before such day, for or in connection with the purposes of the Dock Labour Board, shall be deemed to have been incurred, entered into and engaged to be done by, with or for the Board; (c) all sums of money due to the Dock Labour Board immediately before such day shall be deemed to be due to the Board; (d) all suits and other legal proceedings instituted by or against the Dock Labour Board immediately before such day for any matter in relation to the Dock Labour Board may be continued by or against the Board.