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ORDINANCE XVII OF 2005 ORDINANCE XVII OF 2005 Alternative Energy Development Board Ordinance 2005 An Ordinance to provide for establishment of Alternative Energy Development Board [Gazette of Pakistan, Extraordinary, Part I, 29th August, 2005] CHAPTER IV MISCELLANEOUS 23. Dissolution of Board.---Upon the commencement of this Ordinance, the alternative Energy Development Board established vide Notification No.F.1/7/2003 Adnm.II dated 12th May, 2003, hereinafter referred to as the former Board, shall stand dissolved and upon such dissolution:-‑ (1) all assets, rights, powers, authorities and privileges and property, movable and immovable, cash and bank balance, reserve funds, investments and all other interests and rights in, or arising out of such property and all debts, liabilities and obligations of whatever kind of the former Board subsisting immediately before its dissolution shall stand transferred to and vest in the Board; (2) all officers and other employees .of the former Board shall, notwithstanding anything contained in any law or in any agreement, deed, document or other instrument, stand transferred to the Board and shall be deemed to have been appointed or engaged by the Board in accordance with the terms and conditions of service applicable to them; and no officer or other employee whose services are so transferred shall be entitled to any compensation because of such transfer; (3) all debts and obligations incurred or contracts entered into or rights acquired and all matters and things engaged to be done by with or for the former Board before its dissolution shall be deemed to have been incurred, entered into, acquired or engaged to be done by, with or for the Board; and (4) all suits and other legal proceedings instituted by or against the former Board before its dissolution shall be deemed to be suits and proceedings by or against the Board and may be proceeded or otherwise dealt with accordingly.