31. Existing contracts
Feedback & supportAll deeds, bonds, contracts, agreements, instruments and working arrangements subsisting immediately before the commencement of this Act affecting any of the television and sound broadcasting undertakings of the Government transferred to the Corporation under section 27(1) or any employee of the Government transferred to the service of the Corporation under section 28 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.
television and sound broadcasting undertakings of the Government
“television and sound broadcasting undertakings of the Government” means —(a)all the lands, buildings and other property, movable or immovable, vested in and held by the Government immediately before the commencement of this Act for the purposes of television and sound broadcasting; and(b)all assets, powers, rights, interests and privileges as well as all debts, liabilities and obligations of the Government in connection therewith or appertaining thereto.