law: Industries (Development and Regulation) Act, 1951 
  8. Dissolution of Development Councils 
  (1) The Central Government may if it is satisfied that a
  
  Development Council should cease to continue in being, by notified order,
  
  dissolve that Development Council.
  (2) On the dissolution of a Development Council under
  
  sub-section (1), the assets of the Development Council, after its liabilities,
  
  if any, are met there from, shall vest in the Central Government for the
  
  purposes of this Act.