section 46
Dissolution of Corporation.
The Goa Education Development Corporation Act, 2003Education200359 sections6 chapters
Chapter VI Chapter VI
Statutory text
- (1) Where the State Government is satisfied that the purposes for which the Corporation was established under this Act have been substantially achieved so as to render the continued existence of the Corporation in the opinion of the State Government unnecessary, the State Government may, by notification in the Official Gazette, declare that the Corporation shall be dissolved with effect from such date as may be specified in the notification, and the Corporation, shall be deemed to be dissolved accordingly.
- (2) From the said date—
- (a) all properties, funds and dues which are vested in, or realizable by, the Corporation shall vest in, or be realizable by, the State Government;
- (b) all liabilities which are enforceable against the Corporation shall be enforceable against the State Government.
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