Dissolution of the Board of Governors of the former East Pakistan Rice Research Institute
14. Upon the commencement of this Act, the Board of Governors of the former East Pakistan Rice Research Institute, Joydevpur, Dacca, registered under the
Societies Registration Act, 1860 (Act XXI of 1860), shall, notwithstanding anything contained in that Act, stand dissolved, and upon such dissolution-
(a) all assets of the Board of Governors of the former East Pakistan Rice Research Institute shall stand transferred to, and vested in, the Institute;
(b) such liabilities or class of liabilities of the Board of Governors of the former East Pakistan Rice Research Institute as the Government may direct shall become the liabilities of the Institute:
Provided that the Government may reduce any such liabilities or class of liabilities by such amount as it may deem fit;
(c) The Government may, by order, transfer to the Institute such officers, employees, staff, consultants and advisers of the Board of Governors of the former East Pakistan Rice Research Institute as the Government may deem fit on terms and conditions to be prescribed by the Government.