Dissolution of Committee and Corporation

On the dissolution of the Committee and the Corporation— (a) functions, powers and duties of the Committee and the Corporation shall stand transferred to and vest in the State Government in the Local Self-Government and Housing Department; (b) all properties, movable and immovable and all interests of whatsoever nature and kind therein which vested in the Committee or the Corporation shall, on the appointed day, continue in the State Government in the Local Self-Government and Housing Department; (c) all debts, obligations and liabilities incurred, all contracts entered into and all matters and things engaged to be done by, with or for the Committee or the Corporation shall be deemed to have been incurred, entered into or engaged to be done by, with or for the State Government in the Local Self-Government and Housing Department; (d) all sums of money due to the Committee or the Corporation immediately before the appointed day shall be deemed to be due to the State Government.