The Andhra Pradesh State Development Corporation Act, 2020.
andhra-pradesh · 2020
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1Short title, extent and commencement-(1) This Act may be called the Andhra Pradesh State Development Corporation Act, 20
- S. 2Section 2 defines key terms used in the Andhra Pradesh State Development Corporation Act, 2020.
- S. 3Statutory status, and strengthening of APSDC Ltd
- S. 4—
- S. 5—
- S. 6—
- S. 7Authentication of orders etc
- S. 8—
- S. 9Section 9 outlines the government's role in financing the Andhra Pradesh State Development Corporation by assigning revenue streams and projects for funding.
- S. 10Core Activities of the Corporation CHAPTER IV PROPERTY, ASSETS, LIABILITIES AND OBLIGATIONS 11
- S. 12—
- S. 13—
- S. 14—
- S. 15Application of Corporation assets etc
- S. 16Section 16 of the Andhra Pradesh State Development Corporation Act, 2020, mandates the government to fund the corporation without interest and allows it to create reserve funds as directed.
- S. 17—
- S. 18—
- S. 19—
- S. 20Section 20 mandates concurrent and special audits of the corporation's accounts.
- S. 21—
- S. 22Section 22 mandates the Corporation to provide the Shareholders/State Government with periodic reports on its activities and affairs.
- S. 23Prosecution- Whoever contravenes the provisions of this Act is/are liable for prosecution
- S. 24Section 24 allows the Andhra Pradesh State Development Corporation to recover dues as land revenue arrears.
- S. 25Section 25 mandates public notices under the Act to be widely disseminated in affected areas through various means.
- S. 26Section 26 allows the government to fix a deadline for the Corporation to fulfill its duties and reconstitute it if it defaults.
- S. 27Section 27 specifies that only the Andhra Pradesh State Development Corporation or its authorized person can prosecute offenses related to its property.
- S. 28Section 28 allows the Andhra Pradesh State Development Corporation to compound offenses, discharging offenders if in custody.
- S. 29Section 29 allows the Corporation to delegate its powers to government officers, with government approval.
- S. 30Section 30 protects actions taken in good faith under the Act, while section 31 designates certain officials as public servants.
- S. 31Chairman, Vice-Chairman & Managing Director, Members & Officers etc
- S. 32Section 32 authorizes the State Government to create rules for implementing the Act and mandates legislative review.
- S. 33Section 33 grants the government authority to create regulations for the corporation's operations and functions under the Act.
- S. 34Power to remove doubts and difficulties - (1) In case of any repugnancy between the provisions of G
- S. 35Section 35 allows the government to dissolve the Andhra Pradesh State Development Corporation when its objectives are achieved.
- S. 36Repeal of Ordinance No