(1) Where the Government is satisfied that the purposes for which the Corporation was established under this Act have been substantially achieved so as to make the continued existence of the Corporation in the opinion of the Government unnecessary, the Government may by notification declare that the Corporation shall be dissolved with effect from such date as may be specified in the notification, and the Corporation shall be deemed to be dissolved accordingly and upon such dissolution, the members including the Chairman and the Vice Chairman, if any, shall vacate their respective offices.
(2) From the said date,-
(a) all properties funds, and dues which are vested in, or realisable by, the Corporation shall vest in, or be realisable by the Government;
(b) all liabilities which are enforceable against the Corporation shall be enforceable against the Government.
61. The Andhra Pradesh Road Development Corporation Ordinance, 1997 is hereby repealed.
* * * Power to make regulations.
Power to remove doubts and difficulties.
Dissolution of the Corporation.
Repeal of Ordinance 14 of
1997.
E:\Uploading PDF Documents\uploading word 1991-2000\1998 - (9)\1 of 1998 The Telangana Road Development Corporation Act, 1998\Index.docx E:\Uploading PDF Documents\uploading word 1991-2000\1998 - (9)\1 of 1998 The Telangana Road Development Corporation Act, 1998\1 of 1998 Act.docx