Bare Act Search Results

Bihar Reorganisation Act, 2000 Complete Act

State: Central

Year: 2000

.....pass to the State in which the principal seat of business of the undertaking is located. (4) Where any body corporate constituted under a Central Act, State Act or Provincial Act for the existing State of Bihar or any pan thereof has, by virtue of the provisions of Part II, becomes an inter-State body corporate, the investments in, or loans or advances to, any such body corporate by the existing State of Bihar made before the appointed day shall, save as otherwise expressly provided by or under this Act, be divided between the States of Bihar and Jharkhand in the same proportion in which the assets of the body corporate are divided under the provisions of this part. SECTION 47: ASSETS AND LIABILITIES OF STATE UNDERTAKINGS (1) The assets and liabilities relating to any commercial or industrial undertaking of the existing State of Bihar shall pass to the State in which the undertaking is located. (2) Where a depreciation reserve fund is maintained by the existing State of Bihar for any such commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the State in which the undertaking is located. SECTION 48: PUBLIC.....