BANGLADESH AGRICULTURAL DEVELOPMENT CORPORATION ACT, 20

(Act No. 8 of 27)

[October 8, 20]

Bangladesh Agricultural Development Corporation Ordinance, 1961 A law enacted to create new legislation in response to the needs of time, considering its provisions.

Since production, collection, repair, processing, transportation, warehousing and supply of essential commodities, including agricultural materials and machinery related to fertilizer, irrigation, seed and horticultural development must be ensured to meet the growing needs of the country’s population; And

since it is expedient and necessary to make new laws in response to the needs of time, considering the provisions of the Bangladesh Agricultural Development Corporation Ordinance, 1961 (EP Ordinance No. XXXVII of 1961);

Therefore, the law is hereby made as follows: –

The first chapter is

introductory

Short title and introduction

  1. (3) This Act shall be called Bangladesh Agricultural Development Corporation Act, 20.

(2) This Act shall come into force immediately.

Definition

  1. Unless there is anything repugnant in the subject or context, under this Act-

(a) “Corporation” means the Bangladesh Agricultural Development Corporation established under section 4;

(B) “employee” means all employees of the corporation, including employees employed in the sending;

(C) “program”, “program” or “project” means any program, program or project referred to in section 20;

(D) “activities, programs or project areas” means activities, programs or projects;

(E) “Chairman” means the Chairman of the Corporation;

(F) “Board” means the Board of Directors of the Corporation;

(G) “director” means the director of the corporation;

(H) “regulation” means the regulations made under this Act;

(I) “Rule” means the rules made under this Act; And

(J) “Member” means any member of the Board.

Law prevails

  1. The provisions of this Act shall prevail, regardless of any other law, contract or document which has the power of law.

The second chapter is

the establishment, management and organization of the corporation

Establishment of a corporation

  1. (3) For the purpose of this Act, the Bangladesh Agricultural Development Corporation (Bangladesh Agricultural Development Corporation) established under the Bangladesh Agricultural Development Corporation Ordinance, 1961 (EP Ord. XXXVII of 1961) shall continue to operate as if it were established under this Act.

(2) The corporation shall be a statutory body and shall have a permanent continuity and a common seal and subject to the provisions of this Act, it shall have the power to acquire, hold and transfer both immovable and immovable property, and may file a suit in its own name. A case may be filed against him.

Management and administration

  1. (3) The responsibility of the management and administration of the corporation shall be vested on a board of directors, and the board may exercise and exercise all the powers that the corporation may exercise.

(2) The Board shall, from time to time, be governed by the instructions given by the Government in respect of policy making in the discharge of its duties, and whether any directive given to the corporation is a policy-maker, the decision of the Government shall be final.

Formation of the Board of Directors

  1. The Board of Directors shall consist of the following members, namely: –

(a) the Chairman of the Corporation, who shall also be its President;

(B) the registrar and director general, the cooperative department;

(C) Director General, Bangladesh Rural Development Board;

(D) Executive Chairman, Bangladesh Agricultural Research Council;

(E) the Director General, Directorate of Agricultural Extension;

(F) Director General, Bangladesh Agricultural Research Institute;

(G) Director General, Bangladesh Rice Research Institute;

(H) an additional Joint Secretary to the Ministry nominated by the Ministry of Agriculture;

(I) an additional joint-secretary of the said department nominated by the Finance Department of the Ministry of Finance;

(J) a member of such board nominated by the Bangladesh Rural Electrification Board;

(K) five (five) directors of the corporation; And

(L) the Secretary of the Corporation, who shall also be its Member-Secretary.

Meeting of the Board

  1. (3) The meetings of the Board shall be held at the time and place prescribed by the Chairman:

provided that the meetings of the Board shall be held at least once every three (three) months.

(2) The Chairman shall preside over all meetings of the Board and in his absence, any member nominated by him shall preside over the meeting; However, unless there is any nomination for this purpose, a member elected by the present members shall preside over the meeting.

(4) A meeting of the Board shall require the presence of at least 5 (five) members, including at least one (one) member, not the chairman and director.

(4) Every member shall have one voting power in making a decision during the meeting of the Board, and the decision shall be taken by the vote of the majority of the members present at the meeting; However, in the case of equality of votes, the Chairperson shall have the right to vote for the second or decisive vote in the meeting.

(3) The proceedings of the Council Meeting shall be signed by the President and shall be open for inspection by the members.

(3) The proceedings of the Board shall be recorded and stored in external form.

(3) The Chairman shall, within 5 (fifteen) days from the date of the meeting of the Board of Directors, furnish a copy of the relevant agenda, worksheets and proceedings to the Government.

(3) Only the vacancies of any member of the post or the formation of the Board shall not invalidate any functions or proceedings of the Board and no question shall be raised in connection with it.

Chairman

  1. (3) There shall be a Chairman of the Corporation.

(2) The Chairman shall be appointed by the Government and his terms of service shall be fixed by the Government.

(3) The Chairman shall be the Chief Executive of the Corporation and shall perform its functions, exercise its powers and perform the duties subject to the provisions of this Act, Rules and Regulations.

(4) If the Chairman becomes vacant or if the Chairman is unable to perform his duties due to absence, illness or any other reason, the person appointed by the Government shall temporarily serve the Chairman until the newly appointed Chairman takes office or the Chairman is able to resume his duties. Will do

Director

  1. (4) The Corporation shall have no more than five (five) directors.

(2) The directors shall be appointed by the Government and their terms of service shall be fixed by the Government.

(4) The directors shall perform the duties conferred by these laws, rules and regulations.

(3) The chairman shall distribute the office of the directors.

Disqualification, removal, etc. of the chairman and directors

  1. (3) No person shall be eligible to be appointed or appointed as Chairman or Director, who shall –

(a) be punished by a competent court for any offense of moral turpitude;

(B) declared bankruptcy by a competent court; And

(c) disqualified or discharged from a job.

(2) Notwithstanding anything contained in sub-section (1), the Government may, in writing, remove the Chairman or any Director from his office if he-

(a) refuses to perform his duties under this Act or Become incapacitated or unable to perform his duties in consideration of the Government;

(B) respecting the government, respecting his position;

(C) any part of the information, whether directly or indirectly, by any partner, directly or indirectly, with the corporation or executed by the corporation or by any contract or employment on behalf of the corporation, has, in its knowledge, created or benefited any possibility of benefit from the actions of the corporation. Has acquired the title or the part or title Enjoy the coming of ownership; And

(d) in the case of the Chairman, in the case of the Chairman and in the case of the Director, the Chairman is absent for three (three) consecutive meetings without the approval of the Chairman.

(4) A public servant shall not be able to continue as chairman or director upon transfer or retirement from the corporation after being appointed as chairman or director.

The third section

covers the functions and capabilities of the corporation

Functions

  1. To fulfill the purpose of this Act, the Corporation shall perform the following functions, namely: –

(1) to take necessary measures for the production, processing, warehousing and marketing of seed and horticultural development, and to supply it directly to the farmers or through the dealer;

(2) taking necessary measures to create and expand irrigation facilities in agriculture;

(3) To take necessary measures for the assurance of fertilizer supply, transportation, warehousing and supply of the goods directly to the farmers or through the dealer;

(3) the goods and services referred to in clause (1) to (1), subject to the prior approval of the Government, to provide free assistance or incentive to the farmers;

(4) To take necessary measures for the production of quality seeds and reputed and procured seeds by the contracting farmers for the procurement of jute, pulses, pulses, cereal crops, oil seeds, herbs and other crops;

(4) to take necessary measures for the production of sankar seeds, breeders, foundations and quality and quality seeds at the corporation’s farm;

(3) to take necessary measures for the proper processing, preservation and quality control of the seeds produced and collected by the corporation to the farmers;

(3) to preserve and supply lift, pump, deep and shallow tube wells and other irrigation equipment for the purpose of conducting and expanding irrigation;

(3) construction, repair and development of irrigation and irrigation and crop protection infrastructures;

(3) Conduct survey of irrigation, irrigation area, water resources, water quality, level and availability and conduct survey, research, examination and data bank;

(3) For the proper use of water in agriculture –

(a) Conservation and use of aboveground and rain water;

(B) reclamation of groundwater;

(C) conservation, improvement and development of canals, reservoirs and aquifers;

(D) integrated use of by-products of water; And

(e) taking necessary steps for the innovative use of water;

(12) To develop, expand, expand, manufacture, operate, preserve and manage the machinery of agricultural machinery, to provide advanced and modern machinery for the cultivation of mechanical methods;

(3) Establish, maintain and maintain infrastructure for the collection, production and supply of Himagars, Seed Hinges, Moisture Warehouses, Seed Warehouses, Seed Warehouses, Plant Biotech Laboratories for the purpose of properly collecting and producing seeds and fertilizers.

(3) Elimination of waterlogging, development of rural infrastructure and other necessary measures, including the use of renewable energy in agriculture;

(3) ensuring the efficient use of area-based water resources for the purpose of increasing irrigation efficiency and adopting and expanding sustainable and sustainable technologies;

(3) the construction and development of related electrical infrastructure for irrigation and electrification;

(3) ensuring equitable use of groundwater and groundwater for irrigation;

(3) Innovative and sustainable technical technology through agricultural research and innovation, selection, launch and release of improved varieties of crops;

(3) the import and export of agricultural materials and machinery with the approval of the Government, and the execution of a Memorandum of Understanding (MoU) on joint ventures with a foreign state or agency for that purpose;

(20) To take action on the use of fallow land, extension of farming in new areas, utilization of hilly rivers and streams, conservation of canals, use of potential areas, marketing and processing of agricultural and agricultural commodities through suitable crop stage and mixed farming, and cooperative and block farming;

(20) To take measures for the use of seeds, fertilizers and irrigation and training of farmers and dealers in agricultural activities;

(22) To encourage the concerned in the provision of loans and formation of cooperative societies, if necessary, to improve the quality of agriculture and farmers;

(20) taking necessary initiatives for the transportation and marketing of agricultural commodities;

(20) to conduct testing for irrigation and fertilizer quality control;

(20) to take on the management and management of the seed production farms, gardens and nurseries and animals and fisheries or institutions engaged in the production of such research and products, as directed by the Government, on the conditions laid down by the Government; And

(20) to take responsibility for other agricultural activities directed by the Government.

General power

  1. (3) The Corporation may, for the purposes of this Act, without

performing the least of the totality of the powers conferred by any other provision of this Act, – (a) perform any function;

(B) supply any Products;

(C) perform the service;

(D) incur any expense;

(E) procure any plant, machinery or equipment necessary for its own use; And

(f) perform any contract or agreement memorandum and may take necessary duties and measures to implement that agreement.

(2) The Corporation may, with the prior approval of the Government, determine the rate of expenditure required for the supply of mechanical agricultural facilities and irrigation water, which shall be receivable by the Corporation from the respective beneficiaries.

(3) The Corporation may, if necessary, declare any of its installations, vehicles, machinery or seeds, as such, abandoned, unusable or unfit, or may dispose of such establishments, vehicles, machinery or seeds, in the field, sell, destroy or remove them.

(4) The corporation may purchase, lease or lease any property for the purpose of performing its functions.

Land use related power

  1. The Corporation shall have the following powers in respect of the land, namely: –

(a) purchase, exchange, acquisition or otherwise acquire the land;

(B) all functions related to land management, including land development;

(C) the land use activities described in the activities, programs and project documents;

(D) the conservation, sale, exchange or other use of the land;

(E) Issue lease with appropriate lease and contractual terms on specific terms:

Provided that no land lease may be granted for a period of generally more than one (one) year and, if necessary, the contract may be renewed only for one or more term.

Ability to develop communication

  1. Activities, program or project implementation, the area inside and outside, communication development corporation, the following may take measures, namely: –

(a) the time being in force and other law Subject to the provisions, the individual or any other person or organization jointly, –

(i ) Establish, preserve and implement any communication system; And

(ii) taking measures for the construction, widening, strengthening or otherwise of roads and bridges;

(B) may, if deemed necessary and appropriate,

guarantee the repayment of the interest, if any, of the capital expended in establishing, preserving or implementing a communication system by any person or company , with the prior approval of the Government ; And

(Ii) If any person or organization accepts the responsibility of establishing, maintaining or implementing a communication system, he or she may provide subsidy to such person or organization.

Ability to survey land and execute its expenses

  1. For the purpose of this Act, if any land survey is deemed necessary and useful, the corporation may –

(a) survey the land itself; Or

(b) complete the land survey through any other authority or agency for its own financing.

The power of access

  1. For the purposes of this Act, the Chairman or any person empowered in writing by the Chairman may –

(a) enter into any land;

(B) make the survey;

(C) take responsibility for the necessary inquiries;

(D) establishing poles or boundary marks to determine the boundaries of the land;

(E) obstruct the undesired work;

(F) may dig or dig for the purpose of finding a source of water;

(G) to excavate and re-excavate canals or drains and to construct underground pipes and embankments for the purpose of creating a stream of water; And

(h) perform such other functions as may be necessary for the purposes of this Act:

Provided that the above powers shall be exercised in such a manner as to cause minimal interference and damage to the owner of the land.

Assignment or transfer of powers and functions to the corporation by the Government

  1. From time to time under any other law, the powers or functions of the Government or its subordinates may be exercised or performed by any authority or agency, by government order, the corporation or any employee thereof.

Charge and collect fees or charges

  1. (3) The Corporation may charge and collect irrigation charges, in the manner prescribed by the regulations.

(2) If any water user fails to pay the prescribed irrigation charges under sub-section (1) from time to time, a fine of up to 25 (twenty) thousand rupees may be imposed along with that irrigation charge.

(4) The Corporation may, on the prior approval of the Government, incur any other fees or charges in addition to the irrigation charges mentioned in sub-section (1), for the expense of performing its functions under this Act. Can

Chapter four

plans, activities, programs, projects, etc.

Formulation of the plan

  1. The Corporation may, for the purpose of this Act, formulate a plan, with the prior approval of the Government.

Activities, programs or projects

  1. (3) The Corporation may adopt and implement activities, programs or projects for the development of agriculture in a particular area:

Provided that before undertaking any activities, programs or projects, the related activities, programs or project proposals must be prepared and submitted to the government for approval. .

(2) Every program prepared under sub-section (1) shall, in the proposal of the program, subject to the provisions of this Act, include the following matters, namely: –

(a) details and procedures and techniques for implementation;

(B) potential costs;

(C) details of expected income and service;

(D) details of the physical and financial benefits of the beneficiaries; And

(e) achieving such goals.

(4) If any amendment is required during the implementation of any activities, programs or projects approved by the Government, such amendment proposal shall be submitted to the Government.

(4) The Corporation may, if required, obtain and implement programs, programs and projects with its own funding, with the prior approval of the Government.

Capacity and functions of the corporation in activities, programs or project areas

  1. The Corporation may, in addition to the powers and functions described in this Act, exercise its powers and perform the functions described in the activities, programs or project documents in any program, program or project area.

Abandonment of activities, programs or project areas

  1. The corporation may, with the prior approval of the Government,

abandon the said program, program or project area after the achievement of any program, program or project : Provided that, after abandoning any program, program or project area, the continuation of any work or responsibility of the corporation in that area. The Corporation took necessary measures to maintain it Will.

Involvement in integrated activities, programs or projects

  1. Any activities, programs or areas of the project proposed or implemented under this Act may be included at any time, any integrated activities, programs or projects.

Subsidiary organization

  1. The corporation may constitute a subsidiary, if necessary, to implement any of its activities, programs or projects, and, if deemed appropriate, may delegate or delegate any of its powers or functions, with the prior approval of the government, to any such subsidiary.

Acquisition of land

  1. The Corporation may take necessary measures for the acquisition of land in accordance with the provisions of the Acquisition and Order of Occupation and Acquisition Act, 20 (Act 26 of 27), in the event of implementation of activities, programs or projects.

Chapter Five

Funding, Budget, and so on

Funding of the corporation

  1. (3) For the purpose of this Act, a corporation shall have a fund called “Bangladesh Agricultural Development Corporation Fund”.

(2) The following shall be deposited in the Fund, namely: –

(a) Government grant;

(B) loans and subsidies provided by the government;

(C) the assistance or grant made by any agency or person, domestic or foreign, with the prior approval of the Government;

(D) the proceeds of the sale of conventional bonds owned by the Government;

(E) loans collected by the corporation from any source, domestic or foreign, with the prior approval of the Government;

(F) the money sold by the corporation, but must be notified to the government immediately after the deposit is made;

(G) all interest accrued as a bank managed by the corporation;

(H) all fees or charges payable by the Corporation; And

(I) other money received or received by the Corporation.

(4) The meaning of the Fund shall, on the prior approval of the Government, be deposited in the name of the Corporation in a Tapas Bank and shall be conducted in the manner prescribed by the Regulations.

(3) Notwithstanding anything contained in sub-section (1), the corporation shall not be required for immediate expenditure by any of the securities or the government described in section 20 of the Trusts Act, 1882 (Act No. II of 1882). An approved investor may invest in a permanent deposit in a bank or financial institution.

(3) The functions of the corporation under this Act shall be funded from the expenditure of all salaries, allowances and ancillary expenses of the chairman, directors and employees.

Explanation. Scheduled Bank as defined in Article (2) (j) of Bangladesh Bank Order, 1972 (PO 127 of 1972) referred to in this section.

Budget

  1. The corporation shall, in the time prescribed by the Government, submit a budget statement for the approval of the Government, stating the probable income and expenditure of each financial year and the amount of money required from the Government in that fiscal year.

Chapter two is

the development of the power sector and the independent system operator

Disobey order

  1. If any person, given by this Act or any notice under this Act, disobeys or fails to comply with any order and it is not a punishable offense under any other section of this Act, he shall be entitled to a sum of Rs. the fine shall be imposed:

Provided that, in case of repeated violation of or failure to pay the fine after the date of each of the Seer additional 50 (fifty) shall be imposed a fine of Rs.

Chapter Six

Crimes, Penalties, and so on

Power to execute actions by the corporation in the absence of notice

  1. If the corporation issues a notice to a person under this Act for any period of time or to abstain from doing any work, and the person fails to perform or abstain from doing so pursuant to the notice, the corporation shall implement, take action or perform such action. And may receive from him the money spent on it.

Damage or removal penalty for boundary wall, etc.

  1. If any person, without legal authority –

(a) damages or removes any boundary wall or fence constructed to protect a corporation’s land or building, or

(b) damages or removes any poles placed on the corporation’s building, walls or any other object. or

(c) any of the performance required by the Corporation of any broken or excavated roads or bhuma To set up a light nibhaiya cuts, or

(d) the Corporation breach of the order and, from the way of closing down of the corporation established by any of the locks, chains or poles remove, or

(e) the Corporation made by any of the infrastructure or construction, and the Corporation land or any other Damage the property

If so, he will be imprisoned for a maximum period of six (six) months or a fine of up to a maximum of Tk.

Penalty for obstructing the contractor or removing any marks

  1. If any person under this

Act— (a) obstructs or oppresses the person with whom the corporation has performed the contract or undertaking for the execution or execution of a particular function, or

(b) any level required to perform any authorized work in order to indicate the direction of the corporation established by or asking her to sign apasaranarana

he Nadhika 6 (six) months, or imprisonment for a term not exceeding 10 (ten) thousand taka, shall be punished with fine or with both.

Penalties for unauthorized cultivation, etc.

  1. Without the written approval of the corporation, if a person –

(a) cultivates or prepares for cultivation of any such land owned by the corporation or occupied by the corporation, or

(b) builds or establishes a building or establishment on such land, or

(c) ) standing on the ground, cutting trees destroyed or otherwise, or

(d) otherwise the land Jobs Possession, or

(e) any excavation work on the land or water trough was built,

he shall be not more than 6 (six) months imprisonment or a fine not exceeding 1 (one), or both, shall be punished with a fine up to Rs.

Power of the corporation to occupy or infiltrate

  1. If the Chairman is convinced that any person who does not own or own any land owned or occupied by any corporation or corporation that is involved in the activities, programs or projects, the chairman is convinced that he or any person empowered by it is immediately required Re-entry into the land by applying And may take possession of all the crops, trees and buildings and buildings of that land without the right of the corporation to reclaim that land and pay any compensation.

Extra powers of corporation in the face of crime

  1. If it is convinced that a punishable offense has been committed under section 12, the corporation shall, instead of taking action against the offender under the said section, or after the related offender has been punished

– (a) in case of an offense committed under clause (a) of section 12, In violation of the provisions of the law, they can confiscate the crops that are cultivated and grow. Or, reap the crops. When the cut, the culprit may recover money from the crop price fixed costs,

(b), Article 3 of clause (c) of the offenses under the circumstances, may recover money due in respect of the value of destroyed trees, and

(C) in the case of an offense committed under section (b), (d) or (e) of section 12, may demolish the associated buildings or buildings or remove seizure possession or fill up the excavated land or water drain and to the person responsible. You can earn money from the work related to it.

Compensation for the loss of property of the corporation

  1. (3) If a person is punished for doing or not doing anything under this Act, and if any property of the corporation is damaged due to doing or not doing the related work, the court shall, in addition to the penalty, give an order to the person punished for the corporation’s appropriate compensation, in the case of the corporation’s application. Can

(2) If the indemnity money mentioned in sub-section (1) is not voluntarily paid by the convicted person, the money shall be collected by the court in a manner as if it was being collected from the person convicted by the court concerned.

Taking the offense to justice

  1. No court shall, without the written complaint of the Chairman or any employee empowered thereunder, accept any offense committed under this Act.

Application of Criminal Procedure

  1. Subject to the provisions of this Act, the Code of Criminal Procedure, 1898 (Act V of 1898) shall apply in all matters relating to investigation, lodging, trial, appeal, of any offense described in this Act.

Chapter VII

Supplementary Rules

Commercial activities and transactions

  1. The corporation may conduct commercial activities and for this purpose may conduct commercial transactions with any person, company or organization.

General power of the corporation to pay compensation

  1. In the event of any person being harmed by the exercise of such power by the corporation, the chairman, a director or an employee without the express provision of this law, the corporation may provide the person with reasonable compensation.

Paying money

  1. If any person owes the corporation any money under a contract executed under this Act or any contract made under the provisions of this Act, it shall be payable in accordance with the provisions of the Public Demands Recovery Act, 1913 (Bengal Act No. III of 1913).

Chapter VIII

Accounting, Auditing and Reporting

Accounting and Auditing

  1. (3) The corporation shall properly maintain its accounts and prepare annual statement of accounts.

(2) The Auditor General and the Registrar of Bangladesh, hereinafter referred to as the Auditor General, shall audit the Corporation’s account every year and submit a copy of the Audit Report to the Government and the Corporation.

(3) The Auditor-General may inspect all records, documents, cash or bank deposits, securities, deposits and other property of the Corporation for the purpose of audit under the provisions of sub-section (2), or for that purpose. And may inquire the Chairman, Member, Director or any employee.

Annual Report

  1. (3) The Corporation shall, at the end of each financial year, submit to the Government, as soon as possible, an annual report detailing the activities performed by its and subsidiaries in that fiscal year.

(2) Notwithstanding anything contained in sub-section (1), the Government may, at any time, read any report, account, statistics and information on any matter under the control of the corporation or report on any such matter. And the Corporation shall promptly pass it on to the Government.

The ninth chapter is

miscellaneous

Handing over power

  1. (3) The Board may delegate any of its powers under the Act or the rules or regulations made thereunder to the Chairman or any Director or any employee.

(2) The Chairman may delegate any of his powers to a director or an employee under the rules or regulations made under this Act or the rules:

Provided that he may delegate any powers under sub-section (1) to another person. No

Public servant

  1. The chairman, members, directors and employees of the corporation shall be deemed to be public servants in the sense in which the expression 21 G public servant is used in the Penal Code, 1860 (Act XLV of 1860).

Employee recruitment, etc.

  1. (3) The corporation may, in order to perform its functions, appoint the required number of employees, subject to the organizational structure approved by the government.

(2) The terms of employment and employment of employees shall be determined by the regulations.

Ability to make rules

  1. The Government may, by notification in the Official Gazette, make rules for the purposes of this Act.

Ability to make regulations

  1. The Corporation may, for the purpose of this Act, make such regulations, without the prior approval of the Government, in conformity with this Act and the rules made thereunder.

Cancellation and custody

  1. (3) The Bangladesh Agricultural Development Corporation Ordinance, 1961 (EP Ord. No. XXXVII of 1961), with the effect of this Act, hereafter referred to as the Ordinance, shall be repealed.

(2) Notwithstanding the cancellation under sub-section (1),

all works or actions taken by the Bangladesh Agricultural Development Corporation (a) established under that Ordinance shall be deemed to have been done or taken under this Act;

(B) all immovable and immovable properties, cash and bank financing activities, programs and projects and all such claims and rights shall be deemed to be the property, finances, activities, programs and projects and claims and rights of the corporation;

(C) all debts and liabilities and all contracts executed by or on behalf of him or her shall be deemed to be the debt and liabilities of the corporation and the contract performed by him or on behalf of him;

(D) If any case, proceeding or any proceeding filed by or against him is pending, it shall be settled as if it had been filed, received or notified by or against the corporation under this Act;

(E) all rules, regulations, orders, directives, policies or any other instrument applicable to the matter, subject to compliance with this Act, unless required to be made or abolished or abolished under this Act, with the necessary adaptation, running as before, Be continued and effective;

(F) the activities of the Board, if any, shall cease to exist before the expiry of the existing term or until the Board is constituted under this Act;

(G) the employees shall remain in the service of the corporation on the same terms and conditions as they were employed in the service immediately before the commencement of this Act, and shall receive salary, allowances and other benefits under the previous rules; And

(h) if a property has been leased to another person or company for any specified term and for a specified period, until the expiration of that term, the legitimate claim and right of the leaseholder or allottee in the respective property under that condition. To be continued.