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The Faridabad Development Corporation Act, 1956

Central

An Act to provide for the establishment and regulation of a trading Corporation for the purpose of carrying on and promoting trade and industry in the town of Faridabad, assisting in the rehabilitation of displaced persons settled therein and for matters connected therewith.

Act number
90 of 1956
Ministry
Ministry of Law and Justice
Department
Legislative Department
Enacted
28 Dec 1956

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

36 sections

  1. Section 1Short title.
  2. Section 2Definitions.
  3. Section 3Incorporation.
  4. Section 4Constitution of the Corporation.
  5. Section 5Term and conditions of service of member.
  6. Section 6Disqualification for being appointed, or for continuing as, member of the Corporation.
  7. Section 7Temporary absence of any member.
  8. Section 8Vacancies amongst members or defect in the constitution not to invalidate acts or proceedings of the Corporation.
  9. Section 9Committees of the Corporation.
  10. Section 10Meetings of the Corporation.
  11. Section 11Authentication of orders and other instruments of the Corporation.
  12. Section 12Appointment of Administrator and other officer of the Corporation.
  13. Section 13General duty of the Corporation.
  14. Section 14Powers of the Corporation.
  15. Section 15Capital of the Corporation.
  16. Section 16Grants and loans to the Corporation.
  17. Section 17Vesting of property in the Corporation.
  18. Section 18Repayment of capital and loan with interest.
  19. Section 19Corporation to have rights and liabilities of the Central Government in certain cases.
  20. Section 20Fund of the Corporation.
  21. Section 21Provision for depreciation and reserve and other funds.
  22. Section 22Power of the Corporation to spend.
  23. Section 23Budget.
  24. Section 24Annual report.
  25. Section 25Accounts and audit.
  26. Section 26Amount due to the Corporation to be first charge.
  27. Section 27Direction.
  28. Section 28Returns and reports.
  29. Section 29Mode of recovery of moneys due to the Corporation.
  30. Section 30Delegation of powers.
  31. Section 31Members and officers of the Corporation to be public servants.
  32. Section 32Removal of disqualification for membership of Parliament.
  33. Section 33Bar of legal proceedings.
  34. Section 34Validation of certain transactions.
  35. Section 35Power to remove difficulties.
  36. Section 36Power to make rules.