West Bengal Backward Classes Development and Finance Corporation Act, 1995

GOVERNMENT OF WEST BENGAL
LAW DEPARTMENT
Legislative

No. 1968-L Dated 10th October, 1995

NOTIFICATION

West Bengal Act XIX of 1995
THE WEST BENGAL BACKWARD CLASSES DEVELOPMENT AND FINANCE CORPORATION ACT, 1995.

An Act to establish a Backward Classes Development and Finance Corporation in West Bengal.

1. Short title, extent and commencement.
2. Definitions.
3. Incorporation.
4. Constitution of the Corporation.
5. Disqualifications for membership.
6. Resignation of Chairman, Vice-Chairman and other members.
7. Removal from office of Chairman. Vice-Chairman or other members.
8. Validity of acts and proceedings.
9. Transaction of business.
10. Managing Director, General Manager, Chief Accounts Officer and other staff.
11. Officers and other employees of the Corporation not to have any interest in contract etc.
12. Conferment of powers on Managing Director.
13. Authentication.
14. Functions of the Corporation.
15. Powers of the Corporation.
16. Acquisition of land.
17. The Corporation to act on business principles.
18. Capital of the Corporation.
19. Additional Capital.
20. Guarantee by State Government in respect of shares.
21. Receipts into, and payments from, the general fund of the Corporation.
22. Dividends on shares.
23. Reserve and other funds.
24. Expenditure from fund.
25. Budget.
26. Audit by auditor appointed by State Government.
27. Power of State Government to issue instructions.
28. Furnishing of returns etc.
29. Supersession of the Corporation.
30. Liqudation of the Corporation.
31. Recovery of sums due.
32. Power to make rules.
33. Regulations.

Download: No. 1968-L dated 10.10.1995