18. Upon the establishment of the Board,- (a) the Central Board of Management, Bangladesh Police Welfare Fund constituted under the Police Welfare Fund Rules, 1970, hereinafter referred to as the said Board, shall stand dissolved;(b) all assets, rights, powers, authorities, and privileges and all properties, movable and immovable, cash and bank balances, funds, investments and all other interests and rights in, or arising out of, such properties of the said Board subsisting immediately before its dissolution shall stand transferred to, and vested in, the Board;(c) all debts, obligations and liabilities incurred by the said Board before its dissolution shall be deemed to have been incurred by the Board;(d) all suits, prosecutions and other legal proceedings instituted by or against the said Board before its dissolution shall be deemed to be suits, prosecutions and proceedings by or against the Board and shall be proceeded or otherwise dealt with accordingly.