section 25
Consequence of dissolution of Corporation
Backward Classes Development Corporation Act, Gujarat Year 1985General198529 of 29 sections available5 chapters
Chapter V MISCELLANEOUS
Statutory text
- (1) When the Corporation is dissolved under section 24,-
- (i) all directors shall, from the date of dissolution, vacate their offices;
- (ii) all powers and duties of the Corporation shall, during the period of dissolution, be exercise and performed by such person as the State Government may appoint in this behalf;
- (iii) all funds and other property vested in the Corporation shall, during the period of dissolution, vest in the State Government.
- (2) The State Government may reconstitute the Corporation after such period as it may think fit.
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