Transfer of assets and liabilities

Transfer of assets and liabilities:

1. (1) On and from the commencement of this Act, all the assets and liabilities of the Karshaka Parishad and the Allied Bodies shall stand transferred to, and vest in, the Government.
2. (2) The Government may distribute the assets and liabilities referred to in sub-section
3. (1) among the various Market Committees constituted under the Andhra Pradesh (Agricultural Produce and Livestock) Markets Act, 1966 (Act 16 of 1966) in such manner as they may deem fit.