Section 8 in The Industries (Development And Regulation) Act, 1951
8. Dissolution of Development Councils.-
(1)The Central Government may, if it is satisfied that a Development Council should cease to continue in being, by notified order, dissolve that Development Council.(2)On the dissolution of a Development Council under sub-section (1), the assets of the Development Council, after its liabilities, if any, are met therefrom, shall vest in the Central Government for the purpose of this Act.
