Bare Acts

PART VI ASSETS AND LIABILITIES


50. Property, assets, rights, liabilities, obligations, etc., of the States of Manipur and
Tripura.—(1) All such property and assets within the Union territory of Manipur or of Tripura as are held
immediately before the appointed day by the Union for purposes of governance of that Union territory
shall, on and from that day, pass to the State of Manipur or of Tripura, as the case may be, unless the
purposes for which such property and assets are so held are Union purposes:
Provided that the cash balance in the treasuries in the Union territory of Manipur or of Tripura before
the appointed day shall, as from that day, vest in the State of Manipur or of Tripura, as the case may be.
(2) All rights, liabilities and obligations (other than those relatable to, or in connection with, a Union
purpose), whether arising out of any contract or otherwise, which are, immediately before the appointed
day,—
(a) the rights liabilities and obligations of the Central Government arising out of, or in connection
with, the governance of the Union territory of Manipur or of Tripura; or
(b) the rights, liabilities and obligations of the Administrator of the Union territory of Manipur or
of Tripura in his capacity as such or of the Government of the Union territory of Manipur or of
Tripura,
shall, on and from the appointed day, be the rights, liabilities and obligations of the Government of the
State of Manipur or of Tripura, as the case may be.
(3) The right to recover arrears of—
(a) any tax or duty being a tax or duty enumerated in the state List in the Seventh Schedule to the
Constitution, or
(b) any duty referred to in article 268, or
(c) any tax under the Central Sales Tax Act, 1956 (74 of 1956),
which having fallen due in the Union territory of Manipur or of Tripura immediately before the appointed
day shall, on and from that day, pass to the State of Manipur or of Tripura, as the case may be.
(4) The provisions of this section shall not apply to or in relation to,—
(a) any institution, undertaking or project the expenditure in relation to which is, immediately
before the appointed day, met from and out of the Consolidated Fund of India;
(b) any property which has been placed by the Union at the disposal of the administration of the
Union territory of Manipur or of Tripura subject to the condition that the ownership thereof will
continue to vest in the Union.
Explanation.—For the purposes of this section,—
(a) “liability” includes liability in respect of any civil deposit, local fund deposit, charitable or
other endowment, provident fund account, pension or actionable wrong;
(b) “Union purposes” mean the purposes of Government relatable to any of the matters
mentioned in the Union List in the Seventh Schedule to the Constitution.
51. Assets and liabilities of the State of Meghalaya.—(1) All rights, liabilities and obligations
whether arising out of any contract or otherwise, which are, immediately before the appointed day, the
rights, liabilities and obligations of the autonomous State of Meghalya, including the rights, liabilities and
obligations apportioned or to be apportioned to the share of the autonomous State of Meghalaya by virtue
of section 58 of the Assam Reorganisation (Meghalaya) Act, 1969 (55 of 1969), shall, on and from the
appointed day, be the rights, liabilities and obligations of the State of Meghalya.
(2) All property and assets held by the autonomous State of Meghalya immediately before the
appointed day, including the property and assets apportioned or to be apportioned to the share of the
22
autonomous State of Mehgalya by virtue of section 58 of the Assam Reorganisation (Meghalaya) Act,
1969 (55 of 1969) shall, on and from that day, pass to the State of Meghalya.
(3) Subject to the provisions of sub-sections (1) and (2) of this section and section 52, all rights,
liabilities and obligations whether arising out of any contract or otherwise, which are, immediately before
the appointed day, the rights, liabilities and obligations of the existing State of Assam and all property and
assets held by the existing State of Assam immediately before the appointed day shall be apportioned
between the State of Assam and the State of Meghalaya in accordance with the provisions contained in the
Sixth Schedule.
52. Assets and liabilities (including public debt) relating to the Mizo District.—(1) All property
and assets within the Mizo District which are, immediately before the appointed day, vested in the existing
State of Assam shall, as from that day, vest in the Union.
(2) Unless the Central Government otherwise directs, any stores, articles and other goods belonging to
the existing State of Assam and situated outside the Mizo District immediately before the appointed day
shall, as from that day, pass to the Union if such stores, articles or other goods are held for, or are relatable
to, the administration of that District.
(3) All rights, liabilities and obligations of the existing State of Assam in relation to the Mizo District
shall, as from the appointed day, be the rights, liabilities and obligations of the Union.
(4) The liability of the existing State of Assam to the Union in respect of the loans taken by that State
from the Central Government shall be reduced by an amount which bears such proportion to the total
public debt of that State immediately before the appointed day as the total expenditure on all capital works
and other capital outlays incurred or deemed to have been incurred up to that day by the existing State of
Assam in the Mizo District bears to the total expenditure on all capital works and other capital outlays
incurred or deemed to have been incurred by the existing State of Assam up to the appointed day:
Provided that for the purposes of this sub-section the total public debt of the existing State of Assam
shall exclude the public debt apportioned or apportionable to the autonomous State of Meghalaya under
section 58 of the Assam Reorganisation (Meghalaya) Act, 1969 (55 of 1969), and the total expenditure on
all capital works and other capital outlays incurred or deemed to have been incurred by the existing State
of Assam shall exclude such outlays incurred or deemed to have been incurred for the purposes of the
autonomous State under the said section.
(5) Nothing in this section shall apply to any amount which may be payable by the Union to the
existing State of Assam in respect of the expenditure incurred by that State in connection with internal
disturbances in the Mizo District. 

Back