Kalakshetra Foundation Act, 1993 : CENTRAL GOVERNMENT TO DIRECT VESTING OF ASSETS AND PROPERTIES IN THE

Kalakshetra Foundation Act, 1993,1994

Act No : 6

Section : CENTRAL GOVERNMENT TO DIRECT VESTING OF ASSETS AND PROPERTIES IN THE FOUNDATION

SECTION 06: CENTRAL GOVERNMENT TO DIRECT VESTING OF ASSETS AND PROPERTIES IN THE FOUNDATION

(1) Notwithstanding anything contained in sections 4 and5, the Central Government shall direct, by notification that the right, title and interest in relation to the assets and properties of Kalakshetra, which had vested in it under section 4-, shall vest in the Foundation on such date, not being a date earlier than the date of commencement of this Act, as may be specified in the notification.

(2) On and from the date of vesting of the right, title and interest in relation to the assets and properties of Kalakshetra in the Foundation under sub-section (1),-

(a) the Foundation shall be deemed to have become the owner of the assets and properties; and

(b) the rights and liabilities of the Central Government, in relation to such assets and properties shall be deemed to have become the rights and liabilities respectively of the Foundation.