Act 37 of 1987

The National Dairy Development Board Act, 1987

An Act to declare the institution known as the National Dairy Development Board in the State of Gujarat to be an institution of national importance and to provide for its incorporation and for the vesting in that body corporate of the undertakings of the Indian Dairy Corporation with a view to provide for the administration and the carrying on of the functions to be performed by the body corporate more effectively throughout the country and for matters connected therewith and incidental thereto.

  • Ministry of Agriculture and Farmers Welfare
  • Department of Animal Husbandry and Dairying
  • Enacted 1987-09-15
  • 50 sections
SectionTitle
1 Short title and commencement. Read
2 Declaration of National Dairy Development Board as an institution of national importance. Read
3 Definitions. Read
4 Incorporation of National Dairy Development Board. Read
5 Vesting of undertakings of Indian Dairy Corporation in National Dairy Development Board and dissolution of Indian Dairy Corporation. Read
6 Effect of incorporation of National Dairy Development Board. Read
7 Saving of legal proceedings. Read
8 Management of National Dairy Development Board and composition of its Board of Directors. Read
9 Terms of office and conditions of service, etc., of Chairman and directors. Read
10 Meetings of Board. Read
11 Manner of transacting business of Board. Read
12 Management committees. Read
13 Allowances, etc., of members of management committees. Read
14 Delegation of powers to management committees, etc. Read
15 Delegation of powers to whole-time directors, etc. Read
16 Powers and functions of National Dairy Development Board. Read
17 Provisions regarding members of board of society and directors of dissolved company. Read
18 Provisions relating to officers and other employees of society and of dissolved company. Read
19 Power of Board to restructure and streamline organisational and functional set-up of National Dairy Development Board to secure utmost efficiency in functioning. Read
20 Schemes regarding compensation to redundant employees, etc. Read
21 Compensation for transfer of employees not payable. Read
22 Provident fund, gratuity, welfare and other funds. Read
23 Borrowing powers of Board. Read
24 Grants and loans by Central Government. Read
25 Grants, donations, etc. Read
26 National Dairy Development Board Fund. Read
27 Preparation of accounts and balance-sheet. Read
28 Audit. Read
29 Reports to be laid before Parliament. Read
30 Power to call for repayment before agreed period. Read
31 Special provisions for enforcement of claims by National Dairy Development Board. Read
32 Defects in appointments not to invalidate acts, etc., of Board. Read
33 Protection of acts done in good faith. Read
34 Indemnity of directors. Read
35 Obligation as to fidelity and secrecy. Read
36 Recruitment of additional officers and other employees. Read
37 Liquidation only under orders of Central Government. Read
38 Delegation of certain powers by Central Government. Read
39 Transitional provisions for auditors. Read
40 Transitional provisions with regard to Chairman and Board. Read
41 Management or assistance to others to continue. Read
42 Mother Dairy to be a subsidiary unit of National Dairy Development Board. Read
43 Formation of companies with previous approval of Central Government. Read
44 Omitted Read
45 Returns.Read
46 Power to make schemes and regulations regarding service matters retrospectively.Read
47 Act to have overriding effect.Read
48 Power to make regulations.Read
49 Power to remove difficulties.Read
50 Schemes and regulations to be laid before Parliament.Read
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