Dissolution of the existing Bangladesh Council of Scientific and Industrial Research
29. Notwithstanding anything contained in any other law for the time being in force, or in any contract or in any other instrument, upon the establishment of the Council, the Scientific and Technological Research Division Resolution No. I (24)/73-BCSIR, dated the 16th November, 1973, shall stand revoked and the Bangladesh Council of Scientific and Industrial Research, hereinafter referred to as the said Council, established thereunder shall stand dissolved, and upon such dissolution,-
(a) all assets, rights, powers, authorities and privileges, and all properties, movable and immovable, cash and bank balances and funds of the said Council 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 shall stand transferred to, and vested in, the Council;
(b) all debts, liabilities and obligations of the said Council subsisting immediately before its dissolution shall stand transferred to, and be deemed to be the debts, liabilities and obligations of, the Council;
(c) services of all officers, advisers, consultants and employees of the said Council shall, notwithstanding anything contained in any contract or agreement or in the terms and conditions of their service, stand transferred to the Council and they shall be deemed to be officers, advisers, consultants and employees of the Council appointed by it on the same terms and conditions of service as were applicable to them in the said Council unless such terms and conditions are altered, not being to their disadvantage, by the Council;
(d) all suits and other legal proceedings instituted by or against the said Council before its dissolution shall be deemed to have been instituted by or against the Council;
(e) all rules, regulations and bye-laws of the said Council shall, mutatis mutandis, and in so far as they are not inconsistent with any of the provisions of this Ordinance, continue to be in force until repealed or altered by rules or regulations made under this Ordinance.