Amendment status not verified — confirm the current text below against the official source.
(I) There shall be a Board consisting of a Chairperson Constitution of and following ex-officio members:- Board and its function. (a) Chief Secretary, Chair person Arunachal Pradesh (b) Secretary/Commissioner : Ex-Officio (Finance), Arunachal Pradesh Member (c) Secretary/Commissioner Ex-Officio (Planning), Arunachal Member Pradesh (d) Secretary/Commissioner Ex-Officio (PWD), Arunachal Pradesh Member Power of Govemement to make rules. 451 (e) Secretary/Commissioner Ex-Officio (UD), Arunachal Pradesh Member (±) Secretary/Commissioner Ex-Officio (RD), Arunachal Pradesh Member (g) Secretary/Commissioner Ex-Officio (Tax & Excise),Arunachal Member Pradesh (h) Excise & Taxation Commiss- Member- ioner Arunachal Pradesh Secretary (2) The Headquarter of the Board shall be at Itanagar. (3) The Board shall perform the following functions : - (i) It shall ensure that the funds generated un- der this Act shall be utilized exclusively for facilitating trade, commerce and industry in the State. (ii) It shall identify the areas, which require immediate development or maintenance of infrastructure facilities out of proceeds of tax. (iii) It shall accordingly recommend allotment of proceeds of tax for the purposes specified in sub-section ( 1) of section 10. (iv) It shall ensure that the proceeds of tax collected under this Act are not much more than the amount actually required for development oflocal areas.