Section 27
Dissolution of Board and transfer of assets and liabilities.
About this Act
An Act to provide for the establishment of River Boards for the regulation and development of inter-State rivers and river valleys.
(1) When the Central Government
is of opinion that a Board has performed its functions under this Act, the Central Government, after
consultation with the Governments interested, may, by notification in the Official Gazette, declare that the
Board shall be dissolved from such date as may be specified in this behalf in such notification; and the
Board shall be deemed to have been dissolved accordingly.
(2) On the dissolution of the Board by a notification under sub-section (1),--
(a) all properties, funds and dues which are vested in, or realisable by, the Board shall vest in, and be reliable by, such Government or authority as may be specified in the said notification; and
(b) all liabilities which are enforceable against the Board shall be enforceable only against the Government or authority specified in the said notification.
(2) On the dissolution of the Board by a notification under sub-section (1),--
(a) all properties, funds and dues which are vested in, or realisable by, the Board shall vest in, and be reliable by, such Government or authority as may be specified in the said notification; and
(b) all liabilities which are enforceable against the Board shall be enforceable only against the Government or authority specified in the said notification.