Section 5 in The Bombay Secondary School Certificate Examination Board (Reconstitution) Order, 1959.
5. Dead stock and other goods and cash balances to continue to vest in the existing Corporation.
(1)The dead stock, stores and articles of stationery and other goods of whatsoever kind and wherever situated which immediately before the appointed day belonged to the existing Corporation shall continue to vest in, and be the property of, the existing Corporation.(2)The securities, if any, and the cash balances held by the existing Corporation in Bank or Treasury or Sub-Treasury immediately before the appointed day shall, subject to the provisions of paragraph 6, continue to be held by, and vest in, the existing Corporation.
