Dissolution of Authority

Infrastructure1977111 of 112 sections available7 chapters

Chapter VII MISCELLANEOUS

Statutory text

(1) Where the State Government is satisfied that the purposes for which the Authority is constituted under this Act, have been substantially achieved so as to render the continued existence of the Authority in the opinion of the State Government unnecessary, the State Government may, by notification, declare that the Authority shall be dissolved with effect from such date as may be specified in the notification; and the Authority shall be deemed to be dissolved accordingly.
(2) From the date specified under sub-section (1)-
- (a) all properties, funds and dues which are vested in, or realisable by the Authority, shall vest in, or be realisable by, the State Government ;
- (b) all liabilities which are enforceable against the Authority shall be enforceable against the State Government ; and
- (c) for the purpose of carrying out any development which has not been fully carried out by the Authority and for the purpose or realising properties, funds and dues referred to in clause (a), the function of the Authority shall be discharged by the State Government.

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