Amendment status not verified — confirm the current text below against the official source.
Dissolution ol Co[Wrarb, - The Govemment may, lf satisffad that the purpos€s ,or which Coeor"albn was establish€d under thls Act hava been substantially acfiie\rsd so as lo reM€f its continuanco unfl€aessary, by notitication in ttre Gazete, dedara that lh6 CoDoration shafl be dbsolvsd with 6ffec1 ,rom such date as may be spocirigd in lie notifioation and thereupon lhe Co,poratbn shall slaM dbsolved and ttl6re upo.l - (a) a[ propenies, tunds and dues wtlich ara vssted in. or roalisable by tha Corporation sha vest in, or be realisabla by, th6 C0r6mmont and (b) a[ liabfiilies *ich ar6 enlo.ceaue against the Co@oratht shalt be enfdceable against the Go/€mmer .