Industries (Development and Regulation) Act : Dissolution of Development Councils. Indian Bare Acts :

Industries (Development and Regulation) Act,1951

Act No : 65

Section : Dissolution of Development Councils.

8. Dissolution of Development Councils. (1) The Central Government may, if it is satisfied that a Development Council should cease to continue in being, by notified order, dissolve that Development Council. (2) On the dissolution of a Development Council under sub-section (1), the assets of the Development Council, after its liabilities, if any, are met therefrom, shall vest in the Central Government for the purposes of this Act.