Section 81 of the States Reorganisation Act, 1956 – Assets and liabilities of State undertakings

Home › The States Reorganisation Act, 1956 › Part VII – Apportionment of assets and liabilities of certain part a and part b states

Section 81: Assets and liabilities of State undertakings

  • (1) The assets and liabilities relating to any commercial or industrial undertaking of an existing State shall pass to the successor State in which the undertaking is located.
  • (2) Where a depreciation reserve fund is maintained by an existing State for any commercial or industrial undertaking, the securities held in respect of investments made from that fund shall pass to the successor State in which the undertaking is located.

Source: official text of The States Reorganisation Act, 1956 as published on India Code (PDF). All sections of the States Reorganisation Act, 1956.

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