21B. Effect of agreements
made between the Bank and certain States before the 1st November,
1956.- (1) Any agreement made under section 21 or
section 21A between the Bank and the Government of a State
specified in the Explanation below and in force immediately
before the 1st day of November, 1956, shall, as from that
day have effect as if it were an agreement made on that day
under section 21A between the Bank and the Government of the
corresponding State subject to such modifications, if any,
being of a character not affecting the general operation of
the agreement, as may be agreed upon between the Bank and
the Government of the corresponding State, or in default of
such agreement, as may be made therein by order of the Central
Government.
Explanation.– In this sub-section ‘‘corresponding
State’’ means,–
(a) in relation to the agreement between the Bank and the
State of Andhra, the State of Andhra Pradesh;
(b) in relation to the agreement between the Bank and any
other Part- A State as it existed before the 1st day of November,
1956, the State with the same name, and
(c) in relation to the agreement between the Bank and the
Part B State of Mysore or Travancore-Cochin as it existed
before the 1st day of November, 1956, the State of Mysore
or Kerala respectively.
(2) Any agreement made under section 21A between the Bank
and the Government of the Part B State of Hyderabad, Madhya
Bharat or Saurashtra shall be deemed to have terminated on
the 31st day of October, 1956.
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