Section 37: Dissolution of the department of Central testing laboratories and the Pakistan

37. Dissolution of the department of Central testing laboratories and the Pakistan Standards Institution.—Upon the commencement of this Act, the department of Central Testing Laboratories and the Pakistan Standards Institution, hereinafter referred to as the said organisations, shall stand dissolved, and— (i) all assests, rights, powers, authorities and privileges and all properties, movable and immovable, cash and bank balance, reserve funds, investment and all other interests and rights in, or arising out of such properties and all debts, liabilities and obligations of whatever kind of the said organizations subsisting immediately before their dissolution shall stand transferred to and vest in the Authority. (ii) all officers and other employees of the said organizations shall, notwithstanding anything constrained in any law or in any agreement, deed, document or other instrument, stand absorbed and transferred to the Authority after obtaining prior option from the employees of the said organizations and shall be deemed to have been appointed or engaged by the Authority in accordance with the terms and conditions which shall not be less favourable than in their previous organizations; and no officer or other employee whose services are so absorbed and transferred shall be entitled to any compensation because of such absorption or transfer ; (iii) 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 said organizations before their dissolution shall be deemed to have been incurred, entered into, acquired or engaged to be done by, or for, the Authority ; and (iv) all suits and other legal proceedings instituted by or against the said organizations before their dissolution shall be deemed to be suits and proceedings by or against the Authority and may be proceeded or otherwis e dealt with accordingly.

Effective date: 1996-01-01

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