48. (1) The Unani, Ayurvedic and Homoeopathic Practitioners Act, 1965 (II of 1965), hereinafter referred to as the said Act, shall in so far as it relates to the Board of Homoeopathic System of Medicine established thereunder referred to as the defunct Board, is hereby repealed. (2) Upon the repeal of the said Act,-(a) all assets, rights, powers, authorities and privileges, and all properties movable and immovable, cash and bank balances, funds of the defunct Board in Bangladesh and all other interests and rights in, or arising out of such property shall stand transferred to, and vested in the Board;(b) all debts, liabilities and obligations of the defunct Board in Bangladesh shall be the debts, liabilities and obligations of the Board;(c) all suits and other legal proceedings instituted by or against the defunct Board in Bangladesh shall be deemed to have been instituted by or against the Board;(d) all officers and employees of the defunct Board in Bangladesh shall, notwithstanding anything contained in any contract or agreement or in the terms and conditions of service stand transferred to the Board and shall be deemed to be officers and other employees of the Board appointed by it on the same terms and conditions of service as were applicable to them in the defunct Board unless such terms and conditions are altered, not being to their disadvantage, by the Board; and(e) every Homoeopathic practitioner registered or listed under the said Act, shall be deemed to be registered or listed, as the case may be, under this Ordinance.