Section 25: Dissolution of Council. Upon the commencement of this Act, the Council formed under

25. Dissolution of Council. Upon the commencement of this Act, the Council formed under the Resolution shall stand dissolved and upon such dissolution: (a) all assets, rights, powers, authorities and privileges and property, movable and immovable, cash and bank balance, reserve funds, investments and all Other interests and rights in, or arising out of such property and all debts, liabilities and obligations of whatever kind of the Council subsisti ng immediately before its dissolution shall stand transferred to and vest in the Council; (b) all officers and other employees of the Council shall; notwithstanding anything contained in any law or in any agreement, deed, document or other instrument, stand transferred to the Council in accordance with the present terms and conditions of the service applicable to them; and no officer or other employee whose services are so transferred shall be entitled to any compensation because of such transfer; (c) a regular employee of the Council before the commencement of this Act shall have the option to remain civil servant under the Civil servants Act, 1973 (LXXI of 1973); and shall be entitled to all the privileges and facilities of the Federal Government such as pension, gratuity, housing and health. (d) all debts and obligations incurred or contracts entered into or rights acquired and all matters and things engaged to be done by, with or for the Council formed under the Resolution before its dissolution shall be deemed to have been incurred, entered into, acquired or engaged to be done by, with or for the Council; and (e) all suits and other legal proceedings instituted by or against the Council formed under the Resolution, before its dissolution shall be deemed to be suits and proceedings by or against the Council and may be proceeded or otherwise dealt with accordingly.

Effective date: 2007-01-01

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