Board to assume obligations of Government in respect of matters to which this Act applies.

All obligations incurred, all contracts entered into and all matters and things engaged to be done, before the establishment of the Board by, with or for, the State Government or the existing Directorate of Art for any of the purposes specified in this Act, in respect of any scheme for the promotion of the art education in the State of Maharashtra shall be deemed to have been incurred, entered into, or engaged to be done by, with or for, the Board and accordingly all claims made, or suits or legal proceedings instituted or which might have been instituted by or against the State Government or the existing Directorate, as the case may be, be continued or instituted by or against the Board.