The Maharashtra Khadi and Village Industries Act.State Act of Maharashtra · Act 19 of 1960
[31. Dissolution of Board.— (1) The State Government may by notification in the Official Gazette direct that the Board shall be dissolved from the date specified in the notification; and thereupon the Board shall be deemed to be dissolved accordingly; and the Council [the District Committees and any other committees] constituted, shall cease to function.
(2) on and from the said date-
(a) all properties and funds, which immediately before the said date were in the possession of the Board for the purposes of this Act shall vest in the State Government;
(b) all members shall vacate office as members of the Board; and
(c) all rights, obligations and liabilities (including any liabilities under any contract) of the Board shall become the rights, obligations and liabilities of the State Government.]
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