Section 39
State Financial Corporations.
The Bihar and West Bengal (Transfer of Territories) Act, 1956
About this Act
An Act to provide for the transfer of certain territories from Bihar to West Bengal and for matters connected therewith.
(1) As from the appointed day, the Financial Corporations
constituted under the State Financial Corporations Act, 1951 (63 of 1951), for the States of Bihar and
West Bengal shall be deemed to have been constituted for those States with their areas as altered by the
provisions of section 3.
(2) Bihar shall be liable to pay to West Bengal on account of its share of the paid-up capital of the Bihar State Financial Corporation such amount as the Central Government may by order determine.
(2) Bihar shall be liable to pay to West Bengal on account of its share of the paid-up capital of the Bihar State Financial Corporation such amount as the Central Government may by order determine.