Establishment of the Himachal Pradesh Antyodaya Corporation

(1) The State Government may, by notification from such date as it may specify in this behalf, establish for the purposes of this Act a Corporation to be called the Himachal Pradesh Antyodaya Corporation. (2) The Corporation shall be a body corporate with the name aforesaid having perpetual succession and a common seal with powers, subject to the provisions of this Act to acquire, hold and dispose of property and to contract, and may, by that name, sue and be sued. (3) If the State Government is satisfied that either the Corporation has made default in performing of any duty imposed on it by or under this Act, or it is expedient so to do in the public interest, the State Government, notwithstanding anything to the contrary contained in the Act, may, by order in writing published in the Official Gazette, supersede the Corporation. (4) After the supersession of the Corporation and until it is reconstituted, the powers, duties and functions of the Corporation and its Board under this Act shall be carried on by the State Government or by such officer or officers as the State Government may appoint for this purpose. (5) Notwithstanding anything to the contrary contained in the preceding sub-sections or in the Act, the State Government may, by notification in the Official Gazette, declare that with effect from such date as may be specified in the notification, the Corporation shall be dissolved. (6) With effect from the date specified in the notification under sub-section (5)- (a) all properties, funds and dues which are vested in or realizable by the Corporation shall vest in and be realizable by the State Government; (b) all liabilities enforceable against the Corporation shall be enforceable against the State Government to the extent of the properties, funds and dues vested and realised by the State Government.