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ACT XIV OF 2010 ACT XIV OF 2010 ALTERNATIVE ENERGY DEVELOPMENT BOARD ACT, 2010 An Act to provide for establishment of Alternative Energy Development Board [Gazette of Pakistan, Extraordinary, Part I, 25th May, 2010] No.F.9(18)/2010-Legis., dated 25-5-2010. --The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on 21st May, 2010, is hereby published for general information:--- Whereas, it is expedient to provide for establishment of Alternative Energy Development Board (AEDB) as an autonomous body for the purpose of implementation of various policies, programmes and projects in the field of Alternative or Renewable Energy Technologies; And whereas the objective of the Alternative Energy Development Board is to assist and facilitate development and generation of Alternative or Renewable Energy in order to achieve sustainable economic growth with transfer of technology for development of an indigenous technological base through a diversified energy generation; It is hereby enacted as follows: CHAPTER IV MISCELLANEOUS 23. Dissolution of Board.---Upon the commencement of this Act, the Alternative Energy Development Board established vide Notification No.F.1/7/2003-Admn. II, dated 12th May 2003, hereinafter referred to as the former Board, shall stand dissolved and upon such dissolution,--- (a) all assets, rights, powers, authorities and privileges and property, moveable and immoveable, 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; (b) 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; (c) all debts and obligations incurred or contracts entered into, 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 (d) 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.