1[(1) Where the State Government is satisfied that the purposes for which the Corporation was established under this Act have been substantially achieved so as to render the continued existence of the Corporation in the opinion of the State Government unnecessary, the Government may, by notification in the Official Gazette, declare that the Corporation shall be dissolved with effect from such date as may be specified in the notification, and the Corporation shall be deemed to be dissolved accordingly, and upon such dissolution all the members and office bearers of the Corporation shall vacate their respective offices].
(2) From the said date-
(a) all properties, funds and dues which are vested in, or realisable by, the Corporation shall vest in, or be realisable by, the State Government;
(b) all liabilities which are enforceable against the Corporation shall be enforceable against the State Government.
(2) From the said date-
(a) all properties, funds and dues which are vested in, or realisable by, the Corporation shall vest in, or be realisable by, the State Government;
(b) all liabilities which are enforceable against the Corporation shall be enforceable against the State Government.
Source footnotes
1. Sub-section (1) was substituted for the original by Mah. 11 of 1997, s. 5.आगे पढ़ें / Continue reading
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Establishment of Maharashtra Krishna Valley Development Corporation.Section 4 · Constitution of Corporation.Section 5 · Executive Committee.Section 6 · Disqualifications for membership and removal of members.Section 7 · Meetings of Corporation.Section 8 · Constitution of committees.India Code, Government of India. Text fetched 20 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.