What changes occurred with the commencement of this Constitution regarding property and assets?
With the commencement of this Constitution, all property and assets which were vested in His Majesty for the purposes of the Government of the Dominion of India and each Governor's Province will vest respectively in the Union and the corresponding State. Additionally, all rights, liabilities, and obligations of the Government of the Dominion of India and each Governor's Province, whether arising out of any contract or otherwise, will become the rights, liabilities, and obligations of the Government of India and the Government of each corresponding State. This change occurs subject to any adjustments made or to be made by reason of the creation before the commencement of this Constitution of the Dominion of Pakistan or the Provinces of West Bengal, East Bengal, West Punjab, and East Punjab.