Section 40: Transfer of assets and liabilities, etc. Upon the commencement of this Act, ⎯ — Pakistan Institute of Fashion and Design Act, 2011

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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40. Transfer of assets and liabilities, etc. Upon the commencement of this Act, ⎯ (a) everything done, action taken, obligations and liabilities incurred, persons appointed or authorized, fellowships or scholarships instituted and orders issued by the Institute prior to commencement of this Act shall be continued and, so far as may be, deemed to have been respectively done, taken, incurred, appointed or authorized, instituted or issued by the Institute; and (b) all the money and properties held by the Institute immediately before such commencement shall stand transferred to, and vest in, the reconstituted Institute.

Effective date: 2011-01-01

Related sections

Section 39: Transitory provisions.⎯ (1) Notwithstanding anything contained in this Act, the Section 41: Power to allow appointment of employees of the Government, other universities Section 38: First statutes and regulations.⎯ Notwithstanding anything to the contrary contained Section 42: Act to override other instruments, etc.⎯ The provisions of this Act shall have effect Section 37: Proceedings of Authorities not invalidated by the vacancies.⎯ No act,Section 43: Indemnity.⎯ No suit or legal proceedings shall lie against the Government, the Institute

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