Andhra State Act : APPORTIONMENT OF ASSETS AND LIABILITIES Indian Bare Acts :

Andhra State Act,1953

Act No : 30

Section : APPORTIONMENT OF ASSETS AND LIABILITIES

SECTION 47: APPORTIONMENT OF ASSETS AND LIABILITIES

- (1) Subject to the other pro- visions of this Part, the assets and liabilities of the State of Madras immediately before the appointed day shall be apportioned between that State and the States of Andhra and Mysore in accordance with the provisions contained in the Seventh Schedule.

(2) Any dispute relating to, or arising out of, such apportionment shall be referred to the President whose decision shall be final.