Amendment status not verified — confirm the current text below against the official source.
Dissolution of Erstwhile Fund and Trust Fund and transfer of their rights, assets and liabilities to the National Fund for Persons with Disabilities. On and from the date of the constitution of the National Fund for Persons with Disabilities in accordance with Section 68B, the Erstwhile Fund and the Trust Fund shall stand dissolved, and on such dissolution – (a) all properties and assets, movable and immovable, of, or belonging to the two dissolved funds shall vest in the National Fund for Persons with Disabilities. (b) all rights and liabilities of the two dissolved funds shall be transferred to, and be the rights and liabilities of the National Fund for Persons with Disabilities, (c) without prejudice to the provisions of clause (b) all liabilities incurred, all contracts entered into, and all matters and things engaged to be done by, with or for the two dissolved Funds, shall be deemed, as the case may be, to have been incurred, entered into, or engaged to be done by, with or for, the National Fund for Persons with Disabilities; (d) all sums of money due to the two dissolved Funds immediately before their dissolution shall be deemed to be due to National Fund for Persons with Disabilities; (e) all suits and other legal proceedings instituted or which could have been instituted by or against the two dissolved Funds immediately before their dissolution may be continued or may be instituted by or against the National Fund for Persons with 75 Disabilities. 90 New Provision