Amendment status not verified — confirm the current text below against the official source.
Substituted by Act No.4 of 1984, S, 10. 1[21-A. Creation of subsidiaries. The Board may, in furtherance of the objectives of the Act, and for undertaking the activities specified in section 21- B, with the prior approval of the Government, create a subsidiary in the form of,- (i) an institution to be incorporated and organised under the provisions of the Companies Act,1956 (Central Act 1 of 1956); (ii) a society under the provisions of the Andhra Pradesh Co-operative Societies Act,1964 (A.P.Act 7 of 1964); or the Andhra Pradesh Mutually Aided Co-operative Societies Act,1995 (A.P.Act 30 of 1995); (iii) a firm under the provisions of the Indian Partnership Act,1932 (Central Act 9 of 1932). 21-B. Activities of subsidiaries. A subsidiary created under section 21-A may undertake the following activities:- (i) to construct integrated townships on non-competitive basis with Andhra Pradesh Housing Board in Andhra Pradesh; (ii) to construct integrated townships outside the State and outside the country with the prior approval of the State Government; (iii) to enter into joint ventures in public-private, private-public partnership to construct group housing and integrated townships; (iv) to enter into joint ventures with private sectors for value-chain on technology up-gradation such as pre-cast, furnishings, furniture, etc.; (v) to enter into joint ventures for development of integrated township development projects, housing development projects and for other civil construction projects; (vi) to carry on the business of providing urban infrastructure services including integrated housing and slum development and all activities incidental and ancillary thereto; (vii) to carry on the business of interior designers, decorators and to carry on all activities incidental thereto; and (viii) to carry out such other functions as may be specified by the Board or as the case may be the Government, from time to time.]