(1) The provisions of this Part shall apply in relation to the apportionment of the assets and liabilities of the existing State of Andhra Pradesh immediately before the appointed day.
(2) The successor States shall be entitled to receive benefits arising out of the decisions taken by the existing State of Andhra Pradesh and the successor States shall be liable to bear the financial liabilities arising out of the decisions taken by the existing State of Andhra Pradesh.
(3) The apportionment of assets and liabilities shall be subject to such financial adjustment as may be necessary to secure just, reasonable and equitable apportionment of the assets and liabilities amongst the successor States.
(4) Any dispute regarding the amount of financial assets and liabilities shall be settled through mutual agreement, failing which by order by the Central Government on the advice of the Comptroller and Auditor-General of India.
(2) The successor States shall be entitled to receive benefits arising out of the decisions taken by the existing State of Andhra Pradesh and the successor States shall be liable to bear the financial liabilities arising out of the decisions taken by the existing State of Andhra Pradesh.
(3) The apportionment of assets and liabilities shall be subject to such financial adjustment as may be necessary to secure just, reasonable and equitable apportionment of the assets and liabilities amongst the successor States.
(4) Any dispute regarding the amount of financial assets and liabilities shall be settled through mutual agreement, failing which by order by the Central Government on the advice of the Comptroller and Auditor-General of India.
आगे पढ़ें / Continue reading
Explore the next section or browse this act in the selected language.
Next · Section 48Land and goods. →All sections / सभी धाराएँThe Andhra Pradesh Reorganisation Act, 2014 →
More sections of this act
Section 1 · Short title.Section 2 · Definitions.Section 3 · Formation of Telangana State.Section 4 · State of Andhra Pradesh and territorial divisions thereof.Section 5 · Hyderabad to be common capital for States of Telangana and Andhra Pradesh.Section 6 · Expert Committee for setting up of a capital for Andhra Pradesh.Section 7 · Governor of existing State of Andhra Pradesh to be common Governor.Section 8 · Responsibility of Governor to protect residents of common capital of Hyderabad.India Code, Government of India. Text fetched 14 Oct 2026. Source metadata reports last modification: 2019-11-29. Check the linked official text and subsequent notifications when applying a provision.