Lawgist6Obligation to transfer property or assets
(1) Every person having possession, custody or control of property forming part of the properties and other assets referred to in clause (a) of sub-section (1) of section 5 shall deliver forthwith such property to the Director-General.
(2) Any person in charge of the property and other assets of the existing Council immediately before the commencement of this Act shall, within ten days from that day, furnish to the Director-General a complete inventory of all properties and assets (including particulars of book debts and investments and belongings) immediately before the commencement of this Act and also of all agreements entered into by the existing Council or any person on its behalf.
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- 1 Short title and commencement
- 2 Declaration of the Indian Council of World Affairs as institution of national importance
- 3 Definitions
- 4 Incorporation of the Council
- 5 Transfer of assets and liabilities of the existing Council to the Council
- 6 Obligation to transfer property or assets
- 7 Composition of the Council
- 8 Term of office and vacancies among members
- 9 Powers and functions of President
- 10 Powers and functions of Vice-Presidents
- 11 Allowances of members
- 12 Meetings of Council
- 13 Objects of Council
- 14 Governing Body and other committees of Council
- 15 Staff of Council
- 16 Functions of Council
- 17 Payment to Council
- 18 Fund of Council
- 19 Budget of Council
- 20 Accounts and audit
- 21 Annual report
- 22 Authentication of orders and instruments of Council
- 23 Vacancy, etc., not to invalidate proceedings of the Council
- 23A Transitory provision
- 24 Reports, returns and information
- 25 Power to make rules
- 26 Power to make regulations
- 27 Rules and regulations to be laid before Parliament
- 28 Power to remove difficulties
- 28A Power to remove difficulties
- 29 Repeal and saving
