Clause 12

All deeds, bonds, agreements, instruments and working arrangements subsisting immediately before the date of the commencement of this Part affecting the industrial or vocational training institutions transferred under subsection (1) of section 10 or any employee of the Government transferred to the service of the Corporation under section 11 shall be of full force and effect against or in favour of the Corporation and enforceable as fully and effectually as if, instead of the Government or any person acting on behalf of the Government, the Corporation had been named therein or had been a party thereto.