Amendment status not verified — confirm the current text below against the official source.
Establishment and incorporation.— (1) For the purpose of securing and assisting in the rapid and orderly establishment and organisation of industries in industrial areas and industrial estates in Goa, there shall be established by the State Government by notification in the Official Gazette a Corporation by the name of the Goa Industrial Development Corporation. (2) The said Corporation shall be a body corporate with perpetual succession and a common seal, and may sue and be sued in its corporate name, and shall be competent to acquire, hold and dispose of property both movable and immovable, and to contract, and do all things necessary for the purposes of this Act. 6[4. Constitution.— (1) The Corporation shall consist of the following 7[twelve] Directors that is to say:— (a) Secretary (Industries); (b) Secretary (Finance) who shall be the Financial Advisor to the Corporation; (c) Chief Electrical Engineer; (d) Director of Industries; (e) President, Goa Chamber of Commerce and Industry; (f) President, Small Scale Industries Association; (g) An Architect or Environment Expert, to be nominated by the Government; (h) A person having shown capacity in industry or commerce, to be nominated by the Government; 8[“(hh) Three persons having expertise in the fields of food processing/agriculture, biotechnology and pharma, to be nominated by the Government”]; (i) The Managing Director of the Corporation, who shall be the Chief - 3 - Executive of the Corporation, shall also be the Ex Officio Secretary to the Corporation; (2) The State Government shall appoint one of the Directors of the Corporation to be the Chairman of the Corporation.]