LawgistThe Uttar Pradesh Reorganisation Act
48Assets and liabilities of State undertakings
(1) The assets and liabilities relating to any commercial or industrial undertaking of the State of Uttar Pradesh shall pass to the State in which the undertaking is located.
(2) Where a depreciation reserve fund is maintained by the State of Uttar Pradesh for any such commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the State in which the undertaking is located.
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APPORTIONMENT OF ASSETS AND LIABILITIES
- 42 Application of Part
- 43 Land and goods
- 44 Treasury and bank balances
- 45 Arrears of taxes
- 46 Right to recover loans and advances
- 47 Investments and credits in certain funds
- 48 Assets and liabilities of State undertakings
- 49 Public Debt
- 50 Floating Debt
- 51 Refund of taxes collected in excess
- 52 Deposits, etc
- 53 Provident fund
- 54 Pensions
- 55 Contracts
- 56 Liability in respect of actionable wrong
- 57 Liability as guarantor
- 58 Items in suspense
- 59 Residuary provision
- 60 Apportionment of assets or liabilities by agreement
- 61 Power of Central Government to order allocation or adjustment in certain cases
- 62 Certain expenditure to be charged on Consolidated Fund
