Transfer of Assets, liabilities, etc., of Existing Securities and Exchange Board to the Board

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.... 10. Transfer of Assets, liabilities, etc., of Existing Securities and Exchange Board to the Board. (1) On and from the date of establishment of the Board,- (a) any reference to the existing Securities and Exchange Board in any law other than this Act or in any contract or other instrument shall be deemed as a reference to the Board; (b) all properties and assets, movable and....

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....fore that date shall be deemed to be due to the Board; (f) all suits and other legal proceedings instituted or which could have been instituted by or against the existing Securities and Exchange Board immediately before that date may be continued or may be instituted by or against the Board; and (g) every employee holding any office under the existing Securities and Exchange Boar....