Cement, Energy and Environment

Transfer of assets, fulbilities ere. 16 (p) the financial regulation and procedures. in particular the procedure for drawing up and implementing the budget of the State Authorities under sub-section (2) of section 25 : (q) the investment of funds by the State Authorities under section 26: (r) the maintenance of the accounts and other relevant records and preparation 5 of annual statement of accounts by each State Authority under sub-section (l) of section 27: (s) the preparation of the annual report by the State Authorities under sub– section (1) of section 28: and (r) any other matter which is required to be. or may be prescribed. 10 (3) Every rule made under this Act shall be laid, as soon as may be after it is made. before each House of Parliament. while it is in session. for a total period of thirty days which may be comprised in one session or in two or more successive sessions. and if. before the expityof the session immediately following the session or the successive sessions aforesaid. both Houses agree in making any modification in the rule or both Houses agree that the rule 15 should not be made. the role shall. thereafter have effect only in such modified form or be of no effect, as the case may be: so: however. that any such modification or annulment shall be \Vithout prejudice to the validity of anything previously done under that rule. 31. (1) On and from the date of constitution of the National Authority- (i) all the assets and liabilities of the ad hoc Authority shall stand transferred to. ;n and vested in. the National Authority: &plmwtion.-The assets of the ad hoc Authority shall be deemed ro include all rights and powers. all properties. whether movable or immovable. including in particular. cash balances, deposits, and all other interests and rights in. or arising of. such properties as may be in the possession of the ad hoc Authority and all books of 25 accmmt and other documents relating to the same. and liabilities shall include all debts. liabilities and obligations of whatever kind: (ii) without prejudice to the provisions of clause (i), all debts, obligations and liabilities incrured. all contracts entered into and all matters and things engaged to be done by. with or for the ad hoc Authority immediately before constitution of the ]) National Authority. for or in COllllection \~th the purposeof the ad hoc Authority. shall be deemed to have been incurred. entered into or engaged to be done by, with or for. the National Authority: (iii) all sums of money due to the ad hoc Authority immediately before constitution of the National Authority shall be due to the National Authority: 35 (iv) all suits and legal proceedings instituted or which could have been instituted by or against the ad !roc Authori ty may be continued or may be instituted by or against the National Con1pensatory Authority. (2) On and from the date of constitution of a State Authority- (i) all the assets and liabilities of the State Com~nsatory Afforestation Flmd 4J Matiagement and Planning Authority constituted in such State in compliance of guidelines dated the 2nd July, 200Q shall stand transferred to, and vested in, the State Authority : E, planation.-The assets of the State Compensatory Afforestation Fund Management and Planning Authority constituted in such State i1l compliance of 45 guidelines dated the 2nd July, 2009 shall be deemed to include all rights and powers. all properties. whether movable or immovable. including in particular. cash balances. deposits. and all other interests and righ ts in. or arising of. such properties as may be in the possession of the State Compensatory Afforestation Ftmd Management and Planning Authoriry constituted in such State in compliance of guidelines dated the .:II 2nd July. 2009 and all books of account and other documents relating to the same, and liabilities shall include all debts. liabilities and obligatiollS of whatever kind: 47