(a) in respect of events on or after August 15, 1947, references to the Government of India are references to the governments of the two new Dominions established by the Indian Independence Act 1947 or to the government of one of them, as the circumstances may be, and the term “India” continues to refer to states that: which appear in this expression just before August 15. 1947; In addition, a new account (hereinafter referred to as “Account No. 1”) shall be established with the Bank of England in the name of the Reserve Bank of India, to which shall be credited all pounds sterling received by the Reserve Bank of India after the date of this Agreement in respect of current transactions and all amounts transferred from Account No. 2. Clement Attlee, the Prime Minister of the United Kingdom, announced on February 20, 1947: the Indian Independence Act of 1947 (1947 c. 30 (10 & 11. Geo. 6)) is an Act of the British Parliament that divided British India between the two newly independent states of India and Pakistan. The law was passed on July 18, 1947, and India and Pakistan came into being on August 15, which included the Western (present-day Pakistan) and Eastern (now Bangladesh) regions.  [a] 3.
Notwithstanding the provisions of this Article, the two Governments shall not restrict the transfer of capital from India to the United Kingdom, as it is important that all the above-mentioned processes be completed as soon as possible so that the successor authorities have time to prepare to take power. In order to avoid any delay, the provinces or parts of provinces shall act independently of one another, to the extent possible under the conditions of this plan, the existing Constituent Assembly and the new Constituent Assembly (if any) shall prepare constitutions for their respective territories; Of course, they will be free to formulate their own rules. (i) the transfer, on 1 April 1947, of ownership of military stocks, equipment and fixed assets in India from the Government of the United Kingdom to the Government of India; Even in Russia, there are differences between classes that occupy different people. Should it turn out that these two conditions have been effectively and formally maintained, I say that all parties in this House are equally convinced by the offer and the statement we have made, and on these points we can only be well protected by the course of events in the weeks and months to come. It is quite true that the agreement between the various parties in India was only reached on the basis of division. I guess that`s the basis. However, if all these parties decide to remain in the Commonwealth of Nations in the United Kingdom after a reasonable period of deliberation and responsibility, the question of the unity of India will be preserved and the many Indian nations and states could find their unity in the mysterious circle of the British Crown, as the self-managed dominions have done for so many years, after all other links with the metropolis.