Repeal and Saving

(1) As from the date specified for the establishment of the Board under sub-section (1) of Section 3, the following consequences shall ensue, namely :- (a) the Madhya Pradesh Secondary Education Act, 1959 (10 of 1959), shall stand repealed; (b) the Board of Secondary Education existing immediately before the date aforesaid shall cease to exist; (c) all assets and liabilities of the Board referred to in clause (b) shall vest in the Board established under Section 3;