The Andhra Pradesh reorganization Act, 2014
Part VII Provisions as to Certain Corporations
68. Provisions for various companies and
corporations.
1. The
companies and corporations specified in the Ninth Schedule constituted for the
existing State of Andhra Pradesh shall, on and from the appointed day, continue
to function in those areas in respect of which they were functioning
immediately before that day, subject to the provisions of this section.
2. The
assets, rights and liabilities of the companies and corporations referred to in
sub-section ( 1 ) shall be apportioned between the successor States in the
manner provided in section 53.