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The Islamic Foundation Act, 1975

( ACT NO. XVII OF 1975 )

Dissolution of Baitul Mukarram and Islamic Academy
20. (1) Notwithstanding anything contained in any other law for the time being in force or in any rule, regulation or bye-law, or in any trust, wakf, agreement, deed, or other instrument, upon the establishment of the Foundation-
 
 
 
 
(a) the society known as the Baitul Mukarram, registered under the Societies Registration Act, 1860 (XXI of 1860), hereinafter referred to as the said society, and the institute known as the Islamic Academy, Dacca, hereinafter referred to as the said institute, shall stand dissolved;
 
 
 
 
(b) the ad hoc committee or any other committee or body of management of the said society, by whatever name called, shall stand dissolved, and all members of the said society and all members and the Administrator of the said institute shall cease to be such members and Administrator;
 
 
 
 
(c) all assets, rights, powers, authorities and privileges, and all property, movable and immovable, cash and bank balances, reserve funds, investments and all other interests and rights and rights in, or arising out of, such property and all debts, liabilities and obligations of whatever kind of the said society and the said institute, subsisting immediately before their dissolution, shall stand transferred to, and vest in, the Foundation;
 
 
 
 
(d) all debts and obligations incurred, contracts entered into or rights acquired and all matters and things engaged to be done by, with or for the said society and the said institute before their dissolution shall be deemed to have been incurred, entered into, acquired or engaged to be done by, with or for the Foundation;
 
 
 
 
(e) all officers and other employees of the said society and the said institute shall stand transferred to the Foundation and shall be deemed to have been appointed by the Foundation in accordance with the terms and conditions of service applicable to them, and no such officer or employee shall be entitled to any compensation because of such transfer; and
 
 
 
 
(f) all suits and other legal proceedings instituted by or against the said society and the said institute before their dissolution shall be deemed to be suits and proceedings by or against the Foundation and shall be proceeded or otherwise dealt with accordingly.
 
 
(2) The Government may, for the purpose of removing any difficulty in relation to the dissolution, transfer or other matters specified in sub-section (1), make such orders as it considers expedient and any such order shall be deemed to be, and given effect to as, part of the provisions of this Act.

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Ministry of Law, Justice and Parliamentary Affairs