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(1) On the appointed day, the undertaking and the right, title and interest of the proprietors in relation to their undertaking, shall, by virtue of this Act, stand transferred to, and vest absolutely in, the State Government. (2) 1[Subject to the other provisions of this Act, the undertaking] which stands vested in the State Government by virtue of sub-section (1) shall, immediately after it has so vested, stand transferred to, and vested in, the Corporation.
<span style="margin-left:15px;"></span>(<i>1</i>) On the appointed day, the undertaking and the right, title and interest of the proprietors in relation to their undertaking, shall, by virtue of this Act, stand transferred to, and vest absolutely in, the State Government.<br> <span style="margin-left:15px;"></span>(<i>2</i>) <sup>1</sup>[Subject to the other provisions of this Act, the undertaking] which stands vested in the State Government by virtue of sub-section (<i>1</i>) shall, immediately after it has so vested, stand transferred to, and vested in, the Corporation.<br><br>