Section 81
Assets and liabilities of State undertakings.
The States Reorganisation Act, 1956
About this Act
An Act to provide for the reorganisation of the States of India and for matters connected therewith.
(1) The assets and liabilities relating to any
commercial or industrial undertaking of an existing State shall pass to the successor State in which the
undertaking is located.
(2) Where a depreciation reserve fund is maintained by an existing State for any commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the successor State in which the undertaking is located.
(2) Where a depreciation reserve fund is maintained by an existing State for any commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the successor State in which the undertaking is located.