When the Central Government is empowered to supersede the affairs of the Special Economic Zone Authority? What will be the consequences of publication of the notification superseding such Authority under the Special Econ

When the Central Government is empowered to supersede the affairs of the Special Economic Zone Authority (Section 40(1) of the Special Economic Zones Act, 2005): The Central Government is empowered to supersede an Authority if, at any time, it is of the opinion that the Authority: Is unable to perform, or has persistently made default in the performance of, the duty imposed on it. Has exceeded or abused its powers. Has wilfully or without sufficient cause, failed to comply with any direction issued by it. Consequences of publication of the notification superseding such Authority (Section 40(2) of the Special Economic Zones Act, 2005): Upon the publication of a notification superseding the Authority, the following consequences ensue: The Chairperson and other Members of the Authority shall, notwithstanding that their term of office has not expired as from the date of supersession, vacate their offices as such. All the powers, functions and duties which may, by or under the provisions of the Act, be exercised or discharged by or on behalf of the Authority shall, during the period of supersession, be exercised and performed by such person or persons as the Central Government may direct. All property vested in the Authority shall, during the period of supersession, vest in the Central Government.