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41. (1) Where the State Government is satisfied that the purposes for which the [Parishad] 1 was established under this Act have been substantially achieved or the Parishad has failed in its objectives, so as to render continued existence of the Parishad in the opinion of the State Government unnecessary, that the State Government may, by notification in the Gazette, declare that the [Parishad]1 shall be dissolved with effect from such date as may be specified in the notification; and the [Parishad]1 shall be deemed to be dissolved accordingly. (2) From the said date- (a) all properties, funds and dues which are vested in or realizable by the [Parishad]1 shall vest in or be realizable by the State Government; (b) all liabilities which are enforceable against the Parishad shall be enforceable against the State Government; (c) for the purpose of carrying out any development which has not been fully carried out by the Parishad and for the purpose of realizing properties, funds and dues referred to in clause (a) the functions of the [Parishad]1 shall be discharged by the State Government. (3) Nothing in this section shall be construed as preventing the State Government from reconstituting the [Parishad]1 in accordance with the provisions of this Act.
<span style="margin-left:15px;"></span>41. (1) Where the State Government is satisfied that the purposes for which the [Parishad] 1 was established under this Act have been substantially achieved or the Parishad has failed in its objectives, so as to render continued existence of the Parishad in the opinion of the State Government unnecessary, that the State Government may, by notification in the Gazette, declare that the [Parishad]1 shall be dissolved with effect from such date as may be specified in the notification; and the [Parishad]1 shall be deemed to be dissolved accordingly.<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(2) From the said date-<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(a) all properties, funds and dues which are vested in or realizable by the [Parishad]1 shall vest in or be realizable by the State Government;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(b) all liabilities which are enforceable against the Parishad shall be enforceable against the State Government;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(c) for the purpose of carrying out any development which has not been fully carried out by the Parishad and for the purpose of realizing properties, funds and dues referred to in clause (a) the functions of the [Parishad]1 shall be discharged by the State Government.<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(3) Nothing in this section shall be construed as preventing the State Government from reconstituting the [Parishad]1 in accordance with the provisions of this Act. <br><br>