Amendment status not verified — confirm the current text below against the official source.
Substituted for the words “scheduled castes or scheduled castes organizations” vide H.P. Act No. 8 of 1984. THE HIMACHAL PRADESH SCHEDULED CASTES AND SCHEDULED 13 TRIBES DEVELOPMENT CORPORATION ACT, 1979 scheduled tribes or the scheduled castes and the scheduled tribes organizations] in the small scale industries; (viii) to give grants and subsidies to the members of 1[the scheduled castes and the scheduled tribes or the scheduled castes and the scheduled tribes organizations] on behalf of the State or Central Government or any other Government institution; (ix) to borrow money subject to such conditions as the Board may specify; (x) to receive gifts, grants and donations. (xi) to issue bonds and debentures; (xii) to draw, make, accept, endorse, discount, execute and issue promissory notes, bills of exchange, hundies, bills, warrants, debentures and other negotiable instruments; (xiii) to invest or deposit surplus funds of the Corporation in Government securities or in such other manner as the Board may decide; (xiv) to enter into contracts; and (xv) to discharge such other functions as may be prescribed or as are supplemental, incidental or consequential to any of the functions conferred on it under this Act. 2[16-A. Conferment of additional functions on the Corporation.- (1) Notwithstanding anything contained in this Act, the Governor may, after consultation with the Corporation, entrust either conditionally or unconditionally to the Corporation or its officers additional functions in relation to the social security or social insurance or uplift of the weaker sections of the society in the State. (2) The Governor may, by order in writing and after consultation with the Corporation, confer on the Corporation such powers of supervisory nature over agencies, authorities or officers set up, constituted or appointed by the State Government as are necessary for providing social security or social insurance and uplift of the weaker sections of the society in the State. (3) When any additional functions are conferred on the Corporation under sub-section (1), the Corporation shall exercise the same powers, discharge same duties and perform the same functions, as it would have exercised in discharge of duties and performance of functions assigned to it under section 16 and the provisions of this Act shall apply accordingly.