24. (1) On the commencement of this Ordinance,-(a) the Bangladesh Mineral Exploration and Development Corporation Order, 1972 (P.O. No. 120 of 1972), shall stand repealed;(b) in the Bangladesh Industrial Enterprises (Nationalisation) Order, 1972 (P.O. No. 27 of 1972), in Article 10, in clause (1), in sub-clause (d), the words, brackets, figure and comma “and (iii) Bangladesh Oil and Gas Corporation which may also be called PETROBANGLA”, shall stand omitted; and(c) the Bangladesh Mineral Exploration and Development Corporation established under the Bangladesh Mineral Exploration and Development Corporation Order, 1972 (P.O. No. 120 of 1972), and the Bangladesh Oil and Gas Corporation (PETROBANGLA) established under the Bangladesh Industrial Enterprises (Nationalisation) Order, 1972 (P.O. No. 27 of 1972), hereinafter referred to as the said Corporation, shall stand dissolved. (2) Notwithstanding anything contained in any other law for the time being in force or in any contract, agreement or other instrument,-(a) all business, project including the projects specified in the Schedule to this Ordinance, and undertakings of the said Corporations including all assets, rights, powers, authorities and privileges and all property, movable and immovable, cash and bank balances, reserve funds and investments of the said Corporation and all other rights and interest in, and arising out of, such property and all books of accounts, registers, records and other documents of whatever nature relating to the said Corporation, shall stand transferred to, and vest in, the Corporation;(b) all debts and liabilities incurred, obligations undertaken, contracts entered into, agreements made by or with the said Corporation shall be deemed to have been incurred, undertaken, entered into or may by or with the Corporation;(c) all suits and other legal proceedings instituted by or against the said Corporation shall be deemed to be suits or other legal proceedings by or against the Corporation;(d) every officer or other employee of the said Corporation shall become an officer or other employee of the Corporation and shall hold office or service in the Corporation on the same terms and conditions as were applicable to him immediately before the dissolution of the said Corporation. (3) On the repeal of the Bangladesh Mineral Exploration and Development Corporation Order, 1972 (P.O. No. 120 of 1972), and amendment in the Bangladesh Industrial Enterprises (Nationalisation) Order, 1972 (P.O. No. 27 of 1972), hereinafter referred to as the said Orders, anything done or any action taken, including any order made under the said Orders shall be deemed to have been done, taken or made under this Ordinance. (4) The Government may, for the purpose of removing any difficulty in relation to the transfer and other matters specified in sub-section (2), make such order as it considers expedient and any such order shall be deemed to be, and given effect to as, part of the provisions of this Ordinance.