LawgistThe States Reorganisation Act
81Assets and liabilities of State undertakings
(1) The assets and liabilities relating to any commercial or industrial undertaking of an existing State shall pass to the successor State in which the undertaking is located.
(2) Where a depreciation reserve fund is maintained by an existing State for any commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the successor State in which the undertaking is located.
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APPORTIONMENT OF ASSETS AND LIABILITIES OF CERTAIN PART A AND PART B STATES
- 75 Application of Part
- 76 Land and goods
- 77 Treasury and bank balances
- 78 Arrears of taxes
- 79 Right to recover loans and advances
- 80 Credits in certain funds
- 81 Assets and liabilities of State undertakings
- 82 Public debt
- 83 Refund of taxes collected in excess
- 84 Deposits
- 85 Provident funds
- 86 Pensions
- 87 Contracts
- 88 Liability in respect of actionable wrong
- 89 Liability as guarantor of co-operative society
- 90 Items in suspense
- 91 Residuary provision
- 92 Power of the Central Government to order allocation or adjustment in certain cases
- 93 Certain expenditure to be charged on the Consolidated Fund
