Faridabad Development Corporation Act : Vesting of property in the Corporation. Indian Bare Acts :

Faridabad Development Corporation Act,1956

Act No : 90

Section : Vesting of property in the Corporation.

17. Vesting of property in the Corporation. All property, assets and funds owned or acquired by the Central Government or purporting to have been owned or acquired by the body known as the Faridabad Development Board for the purposes of the development of Faridabad or for any of the purposes referred to in this Act before the establishment of the Corporation shall, on such establishment, vest in the Corporation unless the Central Government otherwise directs in respects of any part of such property, assets or funds.