Section 68
Provisions for various companies and corporations.
The Andhra Pradesh Reorganisation Act, 2014
About this Act
An Act to provide for the reorganisation of the existing State of Andhra Pradesh and for matters connected therewith.
(1) The companies and corporations
specified in the Ninth Schedule constituted for the existing State of Andhra Pradesh shall, on and from the
appointed day, continue to function in those areas in respect of which they were functioning immediately
before that day, subject to the provisions of this section.
(2) The assets, rights and liabilities of the companies and corporations referred to in sub-section (1) shall be apportioned between the successor States in the manner provided in section 53.
(2) The assets, rights and liabilities of the companies and corporations referred to in sub-section (1) shall be apportioned between the successor States in the manner provided in section 53.