(1) Anything commenced and not completed before the dissolution day by or under the authority of the Commission may be carried on or completed on or after that day by the IAA.

(2) Every instrument made under an enactment and every document (including any certificate) granted or made by the Commission shall, if and in so far as it was operative immediately before the dissolution day, have effect on and after that day as if it had been granted or made, as the case may be by the IAA.

(3) Any money, stocks, shares, securities or sureties transferred by section 111 or that, immediately before the dissolution day, were standing in the name of the Commission shall, on the request of the IAA, be transferred into its name.

(4) A certificate signed by the Minister that any property, right or liability has or, as the case may be, has not vested in the IAA under section 111 or 112 shall be sufficient evidence, unless the contrary is shown, of the fact so certified for all purposes.