Transfer of assets and liabilities of the dissolved company to the Institute . — (1) On the commencement of t… — THE COST ACCOUNTANTS ACT, 1959

Transfer of assets and liabilities of the dissolved company to the Institute . — (1) On the commencement of this Act, there shall be transferred to and vested in the Institute all the assets and liabilities of the dissolved company.

31. Transfer of assets and liabilities of the dissolved company to the Institute . — (1) On the commencement of this Act, there shall be transferred to and vested in the Institute all the assets and liabilities of the dissolved company. (2) The assets of the dissolved company shall be deemed to include all rights and powers, and all property, whether movable or immovable of the company, including, in particular, cash balances, reserve funds, investments, deposits and all other interests and rights in or arising out of such property as may be in the possession of the dissolved company and all books of accounts or documents of the dissolved

Section 31