Amendment status not verified — confirm the current text below against the official source.
(I) The Board shall for the purposes of this Act, by agreement on such terms and at such price as may be approved by the Board, have power to acquire and hold or dispose of movable and immovable property or any interest therein. (2) The Government having powers of acquisition under the Land Acquisition Act, 1894 or Assam Land Requisition and Acquisition Act, 1964 or any other law or policy for the time being in force, may, at the request of the Board acquire any immovable property. 7 1 . The Board shall be competent to enter into and perform any contract necessary for the discharge of its functions under this Act.