Section 3
Establishment of Authority.
The Airports Economic Regulatory Authority of India Act, 2008
About this Act
An Act to provide for the establishment of an Airports Economic Regulatory Authority to regulate tariff and other charges for the aeronautical services rendered at airports and to monitor performance standards of airports and also to establish Appellate Tribunal to adjudicate disputes and dispose of appeals and for matters connected therewith or incidental thereto.
(1) The Central Government shall, within three months from the
date of commencement of this Act, by notification in the Official Gazette, establish an Authority, to be
known as the Airports Economic Regulatory Authority, to exercise the powers conferred on, and the
functions assigned to it, by or under this Act.
(2) The Authority shall be a body corporate by the name aforesaid, having perpetual succession and a common seal, with power to acquire, hold and dispose of property, both movable and immovable, and to contract and shall, by the said name, sue or be sued.
(3) The head office of the Authority shall be at such place as the Central Government may, by notification in the Official Gazette, specify.
(2) The Authority shall be a body corporate by the name aforesaid, having perpetual succession and a common seal, with power to acquire, hold and dispose of property, both movable and immovable, and to contract and shall, by the said name, sue or be sued.
(3) The head office of the Authority shall be at such place as the Central Government may, by notification in the Official Gazette, specify.