Power of state Government to transfer assets, etc., in cases of market committees constituted for excluded areas under repealed Acts

Power of state Government to transfer assets, etc., in cases of market committees constituted for excluded areas under repealed Acts.—

1. (1) If the state Government is of opinion that any assets, rights or liabilities pertaining to a market committee constituted for an excluded area under any of the repealed Acts require to be transferred to any other market committee or local authority, it may, by order, direct that such assets, rights or liabilities shall be transferred to such market committee or local authority as it may specify in the order, and the same shall thereupon vest in such market committee or local authority.