The Central Government or the Foundation shall be entitled to receive up to the specified date, to the exclusion of all other persons, any money due to the Society, trust or body in relation to its undertakings which have vested in the Central Government or the Foundation, as the case may be, and realised after the appointed day, notwithstanding that the realisation pertains to a period prior to the appointed day.
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More sections of this act
Section 1 · Short title.Section 2 · Definitions.Section 3 · Transfer to, and vesting in, the Central Government of certain undertakings of the Society, trust and bodies.Section 4 · General effect of vesting.Section 5 · Central Government or Foundation to be liable for certain prior liabilities.Section 6 · Power of Central Government to direct vesting of the undertakings in the Foundation.Section 7 · Management, etc., of the undertakings.Section 8 · Duties of persons in charge of management by undertakings to deliver all assets.India Code, Government of India. Text fetched 15 Oct 2026. Source metadata reports last modification: 2025-08-12. Check the linked official text and subsequent notifications when applying a provision.