Amendment status not verified — confirm the current text below against the official source.
(1) The State Government shall appoint a the corpora- Managing Director who shall be the Chief Execu tion. t |V e officer of the Corporation. #> - gigfl b-Zit 1 (2) The Corporation may appoint such other officers and employees subordinate to the Manag ing Director as it considers necessarv for the effi cient performance of its duties and functions. THE ASSAM GAZETTE, EXTRAORDINARY. FEB. 14, 199i 47 (3) The conditions of appointment and service of the officers and employees and their scales of pay shall— (a) as regards the Managing Director, be such as may be prescribed; and (b) as regards the other officers and emplo yees, be such as may be determined by regulations made under this Act. (4) If the Managing Director of the Corpora tion is temporarily absent, or rendered incapable of performing his duties for any reason whatso ever, not involving the vacation of his office, the State Government may appoint another* person to act in his place during his absence. Such person shall vacate office on the date the Managing Direc tor resumes his duties, CtoPa°b?oAn 1 4 - (1) The Corporation shall take over and certain staff employ such of the existing staff serving for sTme^b^ga-^he Infrastructure development purposes with the non of stateAssam Industrial Development Corporation Limi- pecVormat-ted, the Assam Small Industries Develop- whi hthi» m e n t Corporation Ltd. the Directorate of Act Tppii’es Industries a s the State Government may direct and every person so taken over and employed shall be subject to the provisions of this Act and the rules and regulation made thereunder: Provided that the conditions of service of the members of the staff who are taken by the Corpo ration shall in no wa y be less advantageous than those which were applicable to them immediately prior to their absorption. (2) All permanent employees taken over and employed by the Corporation under sub-section (1) above shall have a lien, on their respective posts M THE ASSAM GAZETTE, EXTRAORDINARY. FEB. 14, 1991 in the service of the State Government and the respective Corporation and the period of their services under the Corporation shall on their reservation to the service of the State Government and the parent Corporation be counted for their increments, pension and other matters relating to their service. (3) All obligations incurred, all contracts entered into and all matters and thinks engaged to be done before the first constitution of the Corporation by, with or foi' the State Government or Assam Industrial Development Corporation Ltd., Assam Small Industries Development Cor poration Ltd. and Directorate of Industries for any of the purposes of this Act in respect of any schemes for the development of industrial areas or industrial estates, commercial estates or growth centres entrusted to the Corporation shall be deemed to have been incurred, entered into or engaged to be done by, with or for the Corporation; and accordingly all suits or other legal proceed ings instituted or which might have been institu ted by or against the State Government or the Assam Industrial Development Corporation Limited, the Assam Small Industries Development Corporation Limited and the Directorate of Industries, as the case may be, may be continued or instituted by or against the Corporation. (4) All expenditure which the State Govern ment or the Assam Industrial Development Cor poration Ltd. the Assam Small Industries Deve lopment Corporation Ltd., and the Directorate of Industries may have incurred before the date of the coming into force of this Act in connection with any of the purposes of this Act shall be deem ed to be a grant to the Corporation under section 22 of this Act on that date, and assets acquired by such expenditure shall vest in the Corporation. THE AS SA M GAZETTE, EXTRAORDINARY. FEB. 14, 1991 49 CHAPTER III FUN CTIONS AND POW ERS OF THE CORPO RATION.