Act Text
Chapter1 - PRELIMINARY
Section1 - Short title, extent and commencement
Section2 - Definitions.— In this Act, unless the context otherwise requires,—
Chapter2 - Establishment and Constitution of the
Section3 - Establishment and incorporation.—
Section4 - Constitution.—
Section5 - Disqualification for being director.— A person shall be disqualified for being nominated as a director of the
Section6 - Term of office and conditions of service of directors.—
Section7 - Meetings of Corporation.—
Section8 - Cessation of being Director.—
Section9 - Vacancies how to be filled.— Any vacancy of a director of the Corporation shall be filled as early as practicable, in
Section10 - Temporary absence of directors.—
Section11 - Proceeding presumed to be good and valid.— No disqualification of, or defect in the appointment of any person acting as
Section12 - Officers and servants of the Corporation.—
Chapter3 - Functions and Powers of the Corporation
Section13 - Functions.— The functions of the Corporation shall be—
Section14 - General powers of the Corporation.— Subject to the provisions of this Act, the Corporation shall have power—
Section15 - Authentication of orders and documents of Corporation.— All permissions, orders, decisions, notices and other documents
Chapter4 - Finance, Accounts and Audit
Section17 - Application of Corporation’s assets.—All property, funds and other assets vesting in the Corporation shall be held and
Section18 - Corporation’s fund.—
Section19 - Grants, subventions, loans and advances and capital contribution to the Corporation.— The Government may, after due
Section20 - (2) The Corporation may keep in current or deposit account with the State Bank of India or any other Bank approved by
Section21 - Reserve and other funds. —
Section22 - Expenditure from funds.—
Section23 - Budget and programme of work.—
Section24 - Accounts and audit.—
Section25 - Concurrent and special audit of accounts.—
Chapter5 - Supplementary and Miscellaneous
Section26 - Furnishing of returns etc.—
Section27 - Recovery of sums due to the Corporation as arrears of land revenue.— All sums payable by person to the Corporation or
Section28 - Default in performance of duty.—
Section29 - Dissolution of Corporation.—
Section30 - Power to make rules.—
Section31 - Power to make regulations.—
Section32 - Protection of action taken in good faith.— No suit, prosecution or other legal proceedings shall lie against any person
Section33 - Notice of suit and limitation of suits against the Corporation, Committees, Officers and servants for acts done in
Section35 - Power to remove doubts and difficulties.—
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