Act 90 of 1956

The Faridabad Development Corporation Act, 1956

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.

  • Ministry of Law and Justice
  • Legislative Department
  • Enacted 1956-12-28
  • 36 sections
SectionTitle
1 Short title.Read
2 Definitions.Read
3 Incorporation.Read
4 Constitution of the Corporation.Read
5 Term and conditions of service of member.Read
6 Disqualification for being appointed, or for continuing as, member of the Corporation.Read
7 Temporary absence of any member.Read
8 Vacancies amongst members or defect in the constitution not to invalidate acts or proceedings of the Corporation.Read
9 Committees of the Corporation.Read
10 Meetings of the Corporation.Read
11 Authentication of orders and other instruments of the Corporation.Read
12 Appointment of Administrator and other officer of the Corporation.Read
13 General duty of the Corporation.Read
14 Powers of the Corporation.Read
15 Capital of the Corporation.Read
16 Grants and loans to the Corporation.Read
17 Vesting of property in the Corporation.Read
18 Repayment of capital and loan with interest.Read
19 Corporation to have rights and liabilities of the Central Government in certain cases.Read
20 Fund of the Corporation.Read
21 Provision for depreciation and reserve and other funds.Read
22 Power of the Corporation to spend.Read
23 Budget.Read
24 Annual report.Read
25 Accounts and audit.Read
26 Amount due to the Corporation to be first charge.Read
27 Direction.Read
28 Returns and reports.Read
29 Mode of recovery of moneys due to the Corporation.Read
30 Delegation of powers.Read
31 Members and officers of the Corporation to be public servants.Read
32 Removal of disqualification for membership of Parliament.Read
33 Bar of legal proceedings.Read
34 Validation of certain transactions.Read
35 Power to remove difficulties.Read
36 Power to make rules.Read
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