(1) On and from the date of commencement of this Act, the Jammu and Kashmir Municipal Act, Samvat 2008 and Town Area Act, Samvat 2011 (hereinafter referred to as the repealed Act) shall stand repealed :
Provided that the repeal shall not effect––
(a) the previous operation of the repealed Acts, or anything duly done or suffered thereunder ; or
(b) any right, privilege, obligation or liability acquired, accrued or incurred under the repealed Acts ; or
(c) any penalty, forfeiture or punishment incurred in respect of any offence committed against the repealed Acts ; or
(d) any investigation, legal proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty, forfeiture or punishment as aforesaid and any such investigation, legal proceeding or remedy may be instituted, continued or enforced and any such penalty, forfeiture or punishment may be imposed as if this Act has not been enforced :
Provided further that subject to the preceding proviso anything done or any action taken (including any appointment or delegation made, notification, notice, order, instruction or direction issued, rule, regulation, bye-laws made, or scheme framed, certificate obtained, permit or licence granted, registration affected, tax imposed or fee or rate levied) under the repealed Act shall in so far as it is in force immediately before the coming into force of this Act and is not inconsistent with the provisions of this Act be deemed to have been done or taken under the corresponding provisions of this Act and shall continue to be in force accordingly unless and until superseded by anything done or any action taken under this Act.
(2) The arrangement existing for the municipalities under the repealed Acts shall continue until the corresponding municipality is constituted under this Act.