Amendment status not verified — confirm the current text below against the official source.
Ptrars ot lhe Cot,orarion - SubFcl lo the provisions of this Act. tho Corpoaation shall harro pourers - (a) to acquir€ arld hold srrch property both rnovable and immovablo as lhe Coeoration may deem necessary for carrying out any ol its &lh/itbs and to leaso, sdl. ercllengs or olhenrise transrer any propedy held by il on such conditiorB as may bo doem€d proper by the Corporation; (b) to purcfEss by age€msr o. b tiaks on leaso or urder any torm of tenancy, any land, to ared suci buildirEs and to execute strci other rorks as may be necessary kr the purpose ot carrying out its duties and functions: (c) to provide or ceuse lo be provided amenities and comrnon faciliti€s in induslrial estates and in industtial areas and cooslruct and inaintain or causa to b€ madntairEd, mrks, buildirEs, amGnities ard comnofl ,acilitios thersloi (d) lo rEke availabl€ buiEhgs on hirs or sale to indusllialBts or porsons htorrding to start induslrlal und6rtaking6; (e) to construct buildings ,or tha housing ot lhe employees of such induslrial uMerlakingsi (0 to irediry and dev€lop polsntial grof,{h contres; (g) lo provide social inrrastructure like ho|lsing and common amenity builJings n€aa lho irldustrbl aea; 6 (hl lo allot factory sheds o. such buitdngs or parts ol buitdings inctuding resadentaal tenemeots to setfl€ persons in the induslrial eslates establish€d or industdal areas d€valoped by the Corporation: (i) lo rnodify or rovise o( cancot sucfi alolments. including the right aM porrcr to evicl lhe alloltees concam€d lo. bfsach of any ol lhe lerms and cmditions of lheir allolmont; (i) to recover alt sums payable to th€ Corporation: (k) lo ovict any antreprgn6ur or porson and resume the land. shod or buiHing allo sd to him in tha or/ont of hb not adhorlng to th6 t6(ms and conditions und6. $,hidr the aknmant was made : (l) to lo€t eramptbns ,rom tho operati)n of any of tho provisions of tho la!f,s for tho tim6 boing in to.ca: (mf b cdauirh sSsidbry cdnpadcr as may ba requirEd to d.r,alop hdurt ld ir rasfidurr and qJbrcribe to lhek.har€ caplt t: (o) strh other po,yors as ar€ n€oessary or inciJsntral to lho attainmont of the obids of th6 Co,poratbo. fi. Arcdbn by Govomn ent - The Goromrnent may ftom lime lo tirn6 issue to tho Co.poration such genoral or special diroclions ol policy as th€y de€rn necessary or exp€dient for th€ purDoso oI carrying od th6 obi6cts of this Acl and Ur€ Corporatim sha! be bot ff to foll ard act upofl $rch directions. C}I.APIER-V FI}IAI{CE, ACCOUTTTS ANO AUDIT