(1) As from the date of the establishment of [[the Corporation]],--
(a) the Delhi Joint Water Sewage Board Act,1926, (23 of 1926) and the Delhi Road Transport Authority Act, 1950, (13 of 1950), shall stand repealed; and
(b) the enactments specified in the Thirteenth Schedule shall cease to have effect within Delhi.
(2) Notwithstanding the provisions of sub-section (1) of this section or of clause (a) of sub-section (2) of section 286,--
(a) any appointment, notification, order, scheme, rule, form, notice or bye-law made or issued, and any licence or permission granted under any of the Acts or enactments referred to in sub-section (1) of this section or under the Act referred to in clause (a) of sub-section (2) of section 286 and in force immediately before the establishment of [[the Corporation]], shall, in so far as it is not inconsistent with the provisions of this Act, continue in force and be deemed to have been made, issued or granted under the provisions of this Act, unless and until it is superseded by any appointment, notification, order, scheme, rule, form, notice or bye-law made or issued or any licence or permission granted under the said provisions;
(b) all debts, obligations and liabilities incurred, all contracts entered into and all matters and things engaged to be done by, with or for any of the bodies or local authorities specified in the Second Scheduled before such establishment shall be deemed to have been incurred, entered into or engaged to be done by, with or for [[the Corporation]] or the municipal authority concerned;
(c) all budget estimates, assessments, valuations, measurements or divisions made by any of the aforesaid bodies or local authorities shall in so far as they are not inconsistent with the provisions of this Act, continue in force and be deemed to have been made under the provisions of this Act unless and until they are superseded by any budget estimate, assessment, valuation, measurement or division made by [[the Corporation]] or the municipal authority concerned under the said provisions;
(d) all properties, movable and immovable and all interests of whatsoever nature and kind therein, vested in any of the aforesaid bodies and local authorities immediately before such establishment shall, with all rights of whatsoever description, used, enjoyed or possessed by any such body or authority, vest in [[the Corporation]];
(e) all rates, taxes, fees, rents and other sums of money due to any of the aforesaid bodies or local authorities immediately before such establishment shall be deemed to be due to [[the Corporation]];
(f) all rates, taxes, fees, rents, fares and other charges shall, until and unless they are varied by [[the Corporation]] continue to be levied at the same rate at which they were being levied by the aforesaid bodies or local authorities immediately before such establishment;
(g) all suits, prosecutions and other legal proceedings instituted or which might have been instituted by or against any of the aforesaid bodies or local authorities may be continued or instituted by or against [[the Corporation]] .