LawgistThe Punjab Reorganisation Act
63Residuary provision
The benefit or burden of any assets or liabilities of the existing State of Punjab not dealt with in the foregoing provisions of this Part shall pass to the State of Punjab in the first instance, subject to such financial adjustment as may be agreed upon between all the successor States before the 1st day of November, 1967, or in default of such agreement, as the Central Government may by order direct.
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APPORTIONMENT OF ASSETS AND LIABILITIES
- 47 Application of Part
- 48 Land and goods
- 49 Treasury and bank balances
- 50 Arrears of taxes
- 51 Right to recover loans and advances
- 52 Investments and credits in certain funds
- 53 Assets and liabilities of State undertakings
- 54 Public debt
- 55 Refund of taxes collected in excess
- 56 Deposits, etc
- 57 Provident fund
- 58 Pensions
- 59 Contracts
- 60 Liability in respect of actionable wrong
- 61 Liability as guarantor
- 62 Items in suspense
- 63 Residuary provision
- 64 Apportionment of assets or liabilities by agreement
- 65 Power of Central Government to order allocation or adjustment in certain cases
- 66 Certain expenditure to be charged on the Consolidated Fund
