law: Prasar Bharati (Broadcasting Corporation of India) Act, 1990
  16.Transfer of certain assets, liabilities,
  
  etc., of Central Government to Corporation
  As from appointed day, -
  a) all property and assets (including the Non-lapsable Fund)
  
  which immediately before that day vested in the Central Government for the
  
  purpose of Akashvani or Doordarshan or both shall stand transferred to the
  
  Corporation on such terms and conditions as may be determined by the Central
  
  Government and the book value of all such property and assets shall be treated
  
  as the capital provided by the Central Government to the Corporation;
  b) all debts, obligations and liabilities incurred, all
  
  contracts entered into and all matters and things engaged to be done by, with
  
  or for the Central Government immediately before such day for or in connection with
  
  the purposes of Akashvani or Doordarshan or both shall be deemed to have been
  
  incurred, entered into and engaged to be done by, with or for the Corporation;
  c) all sums of money due to the Central Government in relation
  
  to the Akashvani or Doordarshan or both immediately before each day shall be
  
  deemed to be due to the Corporation;
  d) all suits and other legal proceedings instituted or which
  
  could have been instituted by or against the Central Government immediately
  
  before such day for any matter in relation to the Akashvani or Doordarshan or
  
  both may be constituted or instituted by or against the Corporation.