Section List

Act Number: 90

Act Name: The Faridabad Development Corporation Act, 1956

Year: 1956

Enactment Date: 1956-12-28

Long Title: 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: Ministry of Law and Justice

Department: Legislative Department

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