Act Number: 40

Act Name: The Bihar and West Bengal (Transfer of Territories) Act, 1956

Year: 1956

Enactment Date: 1956-09-01

Long Title: An Act to provide for the transfer of certain territories from Bihar to West Bengal and for matters connected therewith.

Ministry: Ministry of Home Affairs

Department: Department of States

Section 27: Assets and liabilities of State undertakings.
    (1) The assets and liabilities relating to any commercial or industrial undertaking of Bihar located in the transferred territories shall pass to West Bengal.
     (2) Where a depreciation reserve fund is maintained by Bihar for any such commercial or industrial undertaking, the securities held in respect of investments made from that fund shall also pass to West Bengal.
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