Amendment status not verified — confirm the current text below against the official source.
The GID (Amendment) Act, 2013 (Act 22 of 2013), published in the Official Gazette Series I No. 32 dated 08-11-2013 & come into force at once. Arrangement of Sections Section/ /Rule Subject Page No. 1 2 3 1 Short title, extent and commencement 1 2 Definitions 1 3 Establishment and incorporation 2 4 Constitution 3 5 Disqualification for [Director] 3 6 Terms of office and conditions of service of Directors 4 7 Meetings of Corporation 4 8 Cessation of [Director] 4 9 Vacancies how to be filled. 5 10 Temporary absence of [directors] 5 11 Proceeding presumed to be good and valid. 5 12 Officers and servants of the Corporation 5 13 Function 6 14 General powers of the Corporation 6 15 Authentication of orders and documents of Corporation 7 16 Directions by the State Government 7 17 Application of Corporation’s assets 7 18 Corporation’s fund 7 19 Grants, subventions, loans, advances [and capital contribution] to the Corporation 8 20 Power of the Corporation to borrow 8 21 Deposits 8 22 Reserve and other funds 8 23 Expenditure from funds 8 24 Budget and programme of work 9 1 2 3 25 Accounts and audit 9 26 Concurrent and special audit of accounts 9 27 Acquisition of land for the Corporation to be a public purpose 10 28 Disposal of land by the Corporation 10 29 Government lands 10 30 Powers of Corporation in case of certain defaults by owner of land in industrial area 11 31 Order of demolition of building 11 32 Power to stop building operations. 12 33 Penalty for construction or use of land and buildings contrary to terms of holding 12 34 Power to lay pipe lines etc 12 35 Powers of entry 13 36 Officers of the Corporation may be vested with other powers 14 37 Overriding powers of Government to issue directions to local authorities 14 [37A] Declaration as industrial area 14 [37B] Development of Areas 15 38 Recovery of sums due to the Corporation as arrears of land revenue 16 39 Service of notices, etc. 16 40 Public notices how to be made known. 17 41 Notices, etc. to fix reasonable time 17 42 Furnishing of returns etc 17 43 Withdrawal of area or estate or part thereof 17 44 Default in performance of duty 17 45 Dissolution of Corporation 18 46 Authority for prosecution 18 47 Composition of offences by Corporation 18 48 Offence by companies 18 49 Penalty for obstruction 19 50 Power to make rules 19 51 Power to make regulations 20 52 Protection of action taken in good faith 20 [52A] Notice to suit and limitation of suits against Corporation, Committees, Officers and servant for Acts done in pursuance of execution of this Act 20 53 Directors, officers and staff of Corporation to be public servants 21 54 Power to remove doubts and difficulties 21 55 Act to have overriding effect 21 Section/ /Rule Subject Page No.