LawgistThe Madhya Pradesh Reorganisation Act
54Residuary provision
The benefit or burden of any asset or liability of the existing State of Madhya Pradesh not dealt with in the foregoing provisions of this Part shall pass to the State of Madhya Pradesh in the first instance, subject to such financial adjustment as may be agreed upon between the States of Madhya Pradesh and Chhattisgarh or, in default of such agreement, as the Central Government may, by order, direct.
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APPORTIONMENT OF ASSETS AND LIABILITIES
- 37 Application of Part
- 38 Land and goods
- 39 Treasury and bank balances
- 40 Arrears of taxes
- 41 Right to recover loans and advances
- 42 Investments and credits in certain funds
- 43 Assets and liabilities of State undertaking
- 44 Public Debt
- 45 Floating loans
- 46 Refund of taxes collected in excess
- 47 Deposits, etc
- 48 Provident fund
- 49 Pensions
- 50 Contracts
- 51 Liability in respect of actionable wrong
- 52 Liability as guarantor
- 53 Items in suspense
- 54 Residuary provision
- 55 Apportionment of assets or liabilities by agreement
- 56 Power of Central Government to order allocation or adjustment in certain cases
- 57 Certain expenditure to be charged on Consolidated Fund
