If it appears to the Government of a State in any part of which an inter-State corporation is functioning that the inter-State corporation should be reconstituted and reorganised as one or more inter-State corporations or that it should be dissolved, the State Government may frame a scheme for such reconstitution and reorganisation or such dissolution, as the case may be, including proposals regarding the transfer of the assets, rights and liabilities of the inter-State corporation to any other corporations or State Governments and the transfer or re-employment of employees of the inter-State corporation and forward the scheme to the Central Government.
Section 3: Power of State Governments to frame schemes.
The Inter-State Corporations Act, 1957Central Act · Act 38 of 1957
Where this provision sits
| Act | The Inter-State Corporations Act, 1957 |
|---|---|
| Section | 3 |
| Marginal note | Power of State Governments to frame schemes. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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