Section 48: Assets and liabilities of State undertakings.

The Uttar Pradesh Reorganisation Act, 2000Central Act · Act 29 of 2000

(1) The assets and liabilities relating to any commercial or industrial undertaking of the State of Uttar Pradesh shall pass to the State in which the undertaking is located.

(2) Where a depreciation reserve fund is maintained by the State of Uttar Pradesh for any such commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the State in which the undertaking is located.

Where this provision sits

Act	The Uttar Pradesh Reorganisation Act, 2000
Section	48
Marginal note	Assets and liabilities of State undertakings.
Jurisdiction	Central
Status	In force as published by the source

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