Transfer of assets and liabilities: enrolment data, contracts and proceedings vest in the Authority on establishment. Section 22 mandates that on establishment, all assets, rights, powers, cash balances, deposits, books and documents and all debts, liabilities and ... Summary
Transfer of assets and liabilities: enrolment data, contracts and proceedings vest in the Authority on establishment.
Section 22 mandates that on establishment, all assets, rights, powers, cash balances, deposits, books and documents and all debts, liabilities and obligations of the former Unique Identification Authority of India vest in the Authority. It further deems that enrolment data, authentication details, contracts, debts and obligations, sums due, and all suits or legal proceedings of the predecessor are to be treated as if incurred, entered into, due to, or continuable by or against the Authority.
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