Amendment status not verified — confirm the current text below against the official source.
Eslablishmenl aN inc,tD€/stiott - (l) For the purposo6 c, se{uring and assisling in Ol3 radd and odedy e3tauEtulern ad olgmbatioo ot indusubs in ixtustid areao and h&rst id 6tal€s in the State and for lho purpose o, €stabfishirE growth centrB3 ad irfrastrudua fac tbs in cm,rec{ioo with the establishmor and orgDfik€tbn of $rdt i dugtries, ther€ shal bc establbhed by lhe Go/ennent, by notificatbn in tE Gazette, a Corporation by the name thc Kerala lndustrial lntrastructure Oevebpr€nt Cdporatioo. {2} The Coeo,albn sha0 b€ a body co.porale rith Frpetual $rccessiofl arld a coflrlDn sed ard sha0. by th€ 36id name. srre arld b3 sued and shall b€ competeol to acguire, hold aftt dispose ol prof)erty both rDvablo ard irnmovablo ard to enteI into contracis and to do all tlings r€c63sary and oxpodiont lor the Ffipoees o( $ris Act.