Amendment status not verified — confirm the current text below against the official source.
Power of the Government to dissolve the Board.— (1) The Government may, by a notification in the Official Gazette, dissolve the Board with effect from such date as may be specified in such notification. (2) With effect from the date specified in the notification issued under sub-section (1),— (a) all properties, funds which are vested in and dues which are realisable by, the Board shall vest in, or be realisable by, as the case may be, the Government; and (b) all liabilities which are enforceable against the Board shall be enforceable against the Government. - 18 -