Section 37
Repeal And Saving
(1) The Town Development Fund Board (Formation) Order, 2045 is, hereby, repealed.
(2) The entire movable and immovable property and entities as well as liabilities of the Board constituted pursuant to the formation order mentioned in Sub-section (1) shall be transferred to the Board constituted
pursuant to this Act.
(3) All the acts and activities preformed by the Board constituted pursuant to the formation order mentioned in sub-section (1) shall be deemed to have been performed by the Fund established pursuant to this Act.
(4) The executive director and employee serving in the Board constituted pursuant to the formation order mentioned in sub-section (1) shall be transferred to the Fund as if they were appointed pursuant to this Act.
(2) The entire movable and immovable property and entities as well as liabilities of the Board constituted pursuant to the formation order mentioned in Sub-section (1) shall be transferred to the Board constituted
pursuant to this Act.
(3) All the acts and activities preformed by the Board constituted pursuant to the formation order mentioned in sub-section (1) shall be deemed to have been performed by the Fund established pursuant to this Act.
(4) The executive director and employee serving in the Board constituted pursuant to the formation order mentioned in sub-section (1) shall be transferred to the Fund as if they were appointed pursuant to this Act.