Amendment status not verified — confirm the current text below against the official source.
Section 50-A inserted vide Act No. 2 of 2005. THE HIMACHAL PRADESH HOUSING AND URBAN DEVELOPMENT AUTHORITY ACT, 2004 22 Pradesh Housing Board established under the Himachal Pradesh Housing Board Act, 1972 (10 of 1972) shall stand abolished. (2) On and with effect from the date of abolition of the Himachal Pradesh Housing Board under sub-section (1) – (a) the members including the Chairman of the Himachal Pradesh Housing Board shall cease to hold office; (b) all properties, funds and dues which are vested in or realizable by the Himachal Pradesh Housing Board shall vest in and be realizable by the Authority; and (c) all liabilities which are enforceable against the Himachal Pradesh Housing Board shall be enforceable against the Authority. (3) Nothing in this section shall affect the liabilities of the State Government in respect of loans or debentures guaranteed under Himachal Pradesh Housing Board Act, 1972. (4) All contracts, agreements, and other instruments entered into immediately before the abolition of the Himachal Pradesh Housing Board under sub-section (1) and to which the Board is a party or which are in favour of the Board shall be deemed to have been entered into by, with or for the Authority. (5) All suits, appeals or other legal proceedings instituted or which could have been instituted by or against the Himachal Pradesh Housing Board, immediately before its abolition under sub-section (1), shall be continued or instituted by or against the Authority. Explanation.- For the purpose of this sub-section, legal proceedings includes any proceeding under the Land Acquisition Act, 1894 (Central Act No. 1 of 1894). (6) All employees of the Himachal Pradesh Housing Board shall, on and from the date of its abolition under sub-section (1), become employee of the Authority, and shall hold office in the Authority on the same terms and conditions of service and shall continue as such unless and until their terms and conditions of service are altered by the Authority with the previous approval of the State Government. (7) Notwithstanding anything contained in sub-section (6), where any employee of the Himachal Pradesh Housing Board, by notice in writing given to the Authority at any time before the expiry of three months next following the date of abolition of the Himachal Pradesh Housing Board under sub- section (1), has intimated his intention of not becoming an employee of the Authority, he shall cease to be an employee of the Authority and shall be entitled to get such gratuity, provident fund and other retirement benefits as are ordinarily admissible to him under the rules or authorization of the Himachal Pradesh Housing Board immediately before its abolition. THE HIMACHAL PRADESH HOUSING AND URBAN DEVELOPMENT 23 AUTHORITY ACT, 2004 (8) If any dispute or doubts arises as to which of the properties, rights or liabilities of the Himachal Pradesh Housing Board transferred to the Authority or as to which of the employees serving under the Board are to be treated as employees of the Authority under this section, such dispute or doubt shall be referred to the State Government whose decision threreon shall be final.]