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[Cites 0, Cited by 0] [Section 40] [Entire Act]

State of Punjab - Subsection

Section 40(4) in Guru Angad Dev Veterinary and Animal Sciences University Act, 2005

(4)The cash balance whether in the form of cash, bank or security deposits and reserve funds, held by existing University, immediately before the commencement of this Act, shall, after deducting all the liabilities of existing University up to such commencement, be apportioned between existing University and the University in the ratio of seventy : thirty.