Section 20
Repeal And Saving
(1) Industrial Enterprise Development Board (constitution) Order, 2052 is hereby repealed and entire movable and immovable properly of the Board constituted under such order shall be transferred to the institute.
(2) The contract and agreement concluded with the Board constituted under the Order pursuant to Sub-section (1) shall be deemed to have been concluded with the institute and the action done and the process initiated by the Board shall be deemed to have been done or initiated by the institute.
(2) The contract and agreement concluded with the Board constituted under the Order pursuant to Sub-section (1) shall be deemed to have been concluded with the institute and the action done and the process initiated by the Board shall be deemed to have been done or initiated by the institute.