Question

When two societies amalgamate under Section 14 of KCS Act, what is the default effect on existing contracts and liabilities of the transferor societies?

• A. They automatically terminate on the effective date
• B. They remain with the original societies, which continue in parallel
• C. They convert into grants and are no longer repayable
• D. They transfer to and become enforceable against the amalgamated society

Answer 1

Answer:

D. They transfer to and become enforceable against the amalgamated society

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