22. Notwithstanding anything contained in any other law for the time being in force or in any memorandum or articles of association, deed or other instrument, on the commencement of this Order,-
(a) all assets of the former Atomic Energy Commission established under the Atomic Energy Commission Ordinance, 1965 (Ord. No. XVII of 1965); hereinafter referred to the said Commission, and of the former Space and Upper Atmosphere Research Committee, hereinafter referred to as the said Committee, in Bangladesh shall stand transferred to, and vested in the Commission.
Explanation- The expression “assets” includes all rights, powers, authorities and privileges, all property, movable and immovable, including lands, buildings, cash balances, bank deposits, reserve funds, investments and all other rights and interests in, or arising out of, such property and all books of accounts, registers, records and all other documents of whatever nature relating thereto;
(b) all debts and liabilities incurred, all obligations undertaken, all contracts entered into and all agreements made in Bangladesh by or with the said Commission or the said Committee shall, unless the Government otherwise directs, stand transferred to, and be deemed to have been incurred, undertaken, entered into or made by or with, the Commission;
(c) all officers and other employees now serving in the Atomic Energy Commission in Bangladesh shall continue to serve in the Commission on such terms and conditions as may be determined by the Government or, until so determined, on the same terms and conditions, as were applicable to them immediately before the promulgation of this Order, subject to the provisions relating to pay and allowances in the Bangladesh Government and Semi-Autonomous Organisations (Regulation of Salary of Employees) Order, 1972 (P.O. No. 79 of 1972), so long as the said Order remains in force.
(d) all suits or other legal proceedings instituted by or against the said Committee in Bangladesh before the commencement of this Order shall, unless the Government otherwise directs be deemed to have been instituted by or against the Commission and may be continued or proceeded with accordingly.