The Bihar Reorganisation Act

Application of Part

Land and goods

Treasury and bank balances

Arrears of taxes

Right to recover loans and advances

Investments and credits in certain funds

Assets and liabilities of State undertakings

Public Debt

Floating Debt

Refund of taxes collected in excess

Deposits, etc

Provident fund

Pensions

Contracts

Liability in respect of actionable wrong

Liability as guarantor

Items in suspense

Residuary provision

Apportionment of assets or liabilities by agreement

Power of Central Government to order allocation or adjustment in certain cases

Certain expenditure to be charged on Consolidated Fund


APPORTIONMENT OF ASSETS AND LIABILITIES


(1) The assets and liabilities relating to any
commercial or industrial undertaking of the existing State of Bihar shall pass to the State in which the
undertaking is located.

(2) Where a depreciation reserve fund is maintained by the existing State of Bihar 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. 

LAWGIST

# 47 Assets and liabilities of State undertakings