(1) As from the appointed day, the Financial Corporations constituted under the State Financial Corporations Act, 1951 (63 of 1951), for the States of Bihar and West Bengal shall be deemed to have been constituted for those States with their areas as altered by the provisions of section 3.
(2) Bihar shall be liable to pay to West Bengal on account of its share of the paid-up capital of the Bihar State Financial Corporation such amount as the Central Government may by order determine.
(2) Bihar shall be liable to pay to West Bengal on account of its share of the paid-up capital of the Bihar State Financial Corporation such amount as the Central Government may by order determine.
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More sections of this act
Section 1 · Short title.Section 2 · Definitions.Section 3 · Transfer of territories from Bihar to West Bengal.Section 4 · Amendment of First Schedule to the Constitution.Section 5 · Amendment of Fourth Schedule to the Constitution.Section 6 · Bye-elections to fill vacancies in the Council of States.Section 7 · Term of office of members of the Council of States.Section 8 · Provision as to existing House of the People.India Code, Government of India. Text fetched 16 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.