Amendment status not verified — confirm the current text below against the official source.
In tlis Act, unless the context otherwise "uquire., , , ' (i) a banking company as defined in thq banking Begulation Act (ii) a schedures bank as defined in the Reserve Bank of rnai" : (iii)_a T::."-, bank a"' defined .in the Madhya pradestr uo_opsrative Soeieties Act, 1960 (No. 1? ,; i;; , ^ l,oly*, (b) i'Board" meap5 ,r" ""* ;il;;;" ;;"* constituted ndersectionli r, '(c) "fina:ciirg institution,, means any statutorv ' ,., .. other body corporate "riiui.rrJo 1,"ffiH{#:il0[:i: :i th" objects of fJ:e no.n.irg "f oeri.utir.".i, India dnd whiqh is notified uy trr" itut. couuirrr*ill*-ojru a.financingi , institution for ,f.,u *"p*J, of this Act; (d) "rand': sha, have the'r;;.-;"';;' ., assigned ,ol *.* : Short title atd extCD!. Definitions. .'?;-.:I[s-iir,zg Rajya p"rlruCUr"n Evam Kukkut Vikas N, , (g,,","j..;,, r"1, ;ffi;"::":"':ffil:, #ri;,",,*olo; , , .l-',1 ,(s) "reeiutations" *"rn, ."*;Lr,;;; *"0. o, the Nisam ,.rd""l i; :,.,,ii . 'i,.. ,: - ;s€ction 38 i ., .-., . ....1.. ,;. .i. ;: . ;SeCf,lOD Ug I .,r'.,.i.,,i,. , a 1... ,=-T"ns_a._period.corjrmencing_tr_om-ths_ , ',, ending on the B0th June every Va*. ,--- =Pq-(\jxqrr, tamr6 so qrqan t9B2 24 65 cH-4lqE R,rI=PFTo"; ', :. .",1,; .-i ',' ..: . 'i.4,:', The head offiee of the Nigarn shall be at Bhopal. Hearl ofrce of .' '-,':', ': ; ' ifieNigam. ,' .'!...,, (l) The authorisec.l capital of the Nigam shail t ;il:"tfi#:-c;;';;:;,;H'* ile state -co,",n*"#j:;: ;:jijil $ifjk: or ,, .. i.. :. .. r .'.(2).In 'respect oJ such ,r-'". may.be provided by the state Govgrnment as eapital "t il'r"'""iooration, the state Gov.ernment shall . heVe-lo*er. to impose such terms orla "onditiop. ;,l; *.y O9q* nt. ,,. ' .I, .:i.l''::: .'.- ' '.l ..,.,,.cHAPTERIII_MANAGEMENTo;.THENIGAM :- 6' (1) rne genera| superintend.n."l_direction and management s1 Manasernent. the affairs and busine:i of the Nifi shalr vest ii ilr"-to""d of Directors w-higlr,may. exercise a[ such pr*1.?ancr do a]r such aets ana things.ad m.ay be exercised or do.ne ty tfre Nigam under this Act. ' (2) The Boarcl of Directors, in performing its functions shall act on business'trr*inei'ples, regard u"iig - i"a to prittic ini";"rt, and sha, bs ,,.: . :. suided bv such rrirecrlons oi-[u'"rti'Jri" ;;"fir; #';;;, from time to t I:1 t. sryeir [o it by irr"-StJt" c""ernment. . , t'. : r | '7''(1) The Boarcl of Directors of te Nigam shall consist of the'cn;r.s,itution of |fiH1n* j';H[il::,b;;J;;;"&:;-*T';XH,iTffi *'Tii.l";u Gl-,1t; _t"*".lr"r_tq Government of Madhya pradesh, Animal 1 . I|:|o!- ]na*ment and if there be no Secretary,, then .. ,,, , , 3." Y"1al Secretary of that Department, whu .i_rr,f m ,:l ,, (ii) The : Secretary to Government, Madh5ra pradesh Finance . Department or his nominee not below the rank of Deputy 'i,,, ' Seeretary ; 'lGii) 'or.""ror, vete.in".y Services, MarJhya pradesh i . ,i, . i 0:l Tn" Registrar of Co-operative Societies, Madhya pradesh: ff:f'{L1:Xl;tli fffH, as the rvraor'v'-p'iili''*"i'ril:h"ii'dff iliJ,,,'rJ.:ili' 'r ,' :iig,r:*,, ,..," ::;:-. . ' - ' '-: ':-deth i{ajya - 2466, rqfl q, JU lq,ir( I982 (vi) one Director to be non represent banks and Jilfi J;rn"r::r" Goverlmenr to rvii) on; ?:::y ll:" speciar knowtedge or p"actical experience .-rn respect of tivestock . and poultry ai*r"p-""i. ,i1.* . nominated by the State Eovernment; . .-''--""1; :] 1l (viii) two eirectors having practical expgrienca io ;6#;ri, "r livestock and pouitry production ,rO ..r"i",r* ,r, * .r,--. - romir"t"d by the State Government ; , :-- '.'--.--", . ., , ,. . t'.' "?J,"JJT:Ifl:;;"::"::Tcrured caste or schedured rribes ri*.i8"rl'rri' .o;;r[:]":* in reipect ot matter relating.to Government; . - r to be nominated uv trrg S-tit. Digquslificstion o /r\ r filffi"ftn ",,"Y;"!l',i,Ii'iix oi[1' " fi..l'#:],ff j,f,[Jr' nominated or (4 if hejs, oI 1t gny time has been adjudicated insolvent or has . suspended p"vr,*l "i lri. j" hit;dl1;"J;;;!,1 u'rrs qebts or has compounded wiih (b) if he isrf unioLrnil n:incl stands so cieclared by " .ornp.t*t court ; or (x) one represen_tative . from the Jawaharlat. irlehru._Krishi , ,: Vishwavtdr{ay1. to ue appointia* [r.,i*ru covelnmeat on ' (2) The Chairrnan the pleasurs o1 ,1," ",r,1,1-?.-lominated Director shall hold odt"" iu"i,g shalinot ";;";;;;;;'orrtv nominating him but the ternr of his offic! ,," c_r,"r"_,,1;; ;*,Tj,:ffi,::i::,-" -"1 ,:,tn""tio" or ru. *.il""tioil any time, uy rr.itlrr 1"""!'Lq u*EcL(rr nrav' horveve'r, resign his office at ,ri ,r.," 6rij".il;i; letter under his hand to the Stati, C"""""*"ri "r".ti"" ;ffi ;iil ff,:,:r:iJli#spectivery and the resigr,: atio-n #ii.;; (c) if he is, or has bben convjcted of any offence under the prevention of Cnretr,z to An in.rats a"i," rgi,i-iir", s; of t r00), the centr,,l province-s "i:r B-e:;lit";ii"i jiiiir,*. oo, r91s (rV of rei5). or rlre -Madhya -i;;;H eg"icuurrar centrar covernment or the s;"L;.#bi1 ,.::, (d) if he is removed or dismissecl from the service of . the Government or a Corporation o*"j oi' "oii"off-"a ,ty tr.," . Centlal covernrnent or thi Srate d;;;;;,;;"' , 1g1 it li acts in any manner prejudiciar to the interest of the NiCaT ?I has any .interesi in any body, institution or, organisation whose e:tivities *" pr""lrallji #":;;";# oi the I.Iigam. (2). iI :. Director of the Nigam becomes disqualifications _mentiohed in ruE].."tion (f), Director .o! thg Nisurn *iiiln;it'_from_the-dr rcthe Stare-Covern;;r;;. -' - su6ject he slialt to .any of the cease to be a .cqrd'll ;TTj,:*':::: o" ' "o'in"i"j #;t;;; ;:;:; {sq?,.F<tir ro '.94Q, Vacadon of . .,l], . (U "ir6"fiffB1r.rci, tci. any cir the disqutrifiihtipns meiitloiied in #A B?!&XT: (b) is absent without leave of the Board fon more than three " "' . UoihsecUfiv'ti meeti.rigs thereof r,rrithott cjuse stifff,fliCilt iit the ' obifiion ;i'iil ai;iE-io.r""r,*ent to bi<iheiate hi6 eosence, shall be deemed to have vacated his office from the date of notification to this effect and thereupon his seat shall , . ltecome vaeant ., ,(i),i b"ire$or wt-rose office has been declaned vacarit under sirb-section (l) shall not be eligible for renomination to the goard as a ,-,- ,J6. (rl e Mgnagtng Director shall be appointed by the State MasagirgDireo. , Government and he shall- tor. . (i) be a vrhole time officer of the Nigam; . mAy deldlrite <ib eiitiust to him; (iii) receive such salary and allowances ind be governid by such terms and conditions of service as the Nigam nray, with the :. approval of .the State Goverlrment, determine: Chalrman. illariacins Director or anv other Director who is a Dlinister or hbi'diif irn tma'd-ai"tne statd Gover-nment br bf the Central Goveniment. , '.'- - .. . _ 13. (1) Ihe Board shall meet at such times and places and shall Meeting obdtsrvb'i,i;h'i{it3ri oi iiioieduit in reghrd icj trinslctibri oi ih6 tsrii{ness t}oard.- , , at its meetings as may be provided by regulations : :: ' ' Pr'dvided that thd Board shall meet atleast once in every tlrree rnont}s' may be provldecl by regulations. fbr il or of any of its corhtnittees and for Nigam: no feri ShAll be pdyable uniler this seEtion to the e dhai"man of the Board or, in his absence, any oihbr dir'ector tlre directors present at the meeting 5fixlr fireside over' ihb (3) A1l matters which come up before any meeting of the Board shstl be decided by a majority of the voies of the Director present aud voting and, in case of "qtr"tity of votes, the person.presiding of the meeting shall have a second or castinq vote. (4) In case the Board deems necessary to seek the advice or opiaion of any person on any particular matter, the Board may invite-such'person . to atiend any meeting of the Board Such an invitee shall lrave a rignt to participate in aiTy discussion but shall have no right to vote at the. meeting.i. oo aln€.r dth. 14, (1). The Board may constitute one or more executive commlttees Bot d consisting of such number of Directors as may be provided .by the regulations for discharging such functions as may be delegated to it by -.11,.-; the Board. ',i' (2) I'I-re Board may constitute such committees, whether consilting ' : wholly of Directo:s or wholly of other persons, as it thlnks fit, for such . purposes,. related to the activities o{ the Nigam as it may decide, ,. (3) The members cf a committee other than the Directors of the Nigim shall be paid by the Nigam such fees and/or allowances for attending its meting and for attendinS t9 atry other work of the Nigam as maY be Pmvided bY regulations. Mcobcr of Bozrd 15. A Director of the Nigbm or a member- of a committee who hes 9-!9S.k anv direct or indirect pecuniery interest in any matte! eoming ' up for ffit"Lto"oBT coisideration at a meettg of the Board or a Commlttee thereol {Iau cirraia careo. disclose the nature of his interest at such meeting and the disclbsure shall be recorded in the minutes of the Board or of the committee, as the case may be, aud the director or member shall not take any part in any dell- bera'tion or decision of the Board or the committee with respe% tp that , Eatter except to furnish such clarification as may be requtred of him' Eeocsls Dirctor 16. The Managing Drector, acting'on behalf oI the Nigaut shall be . l3,i;'n!'1PP"'"o", deemed to.be the appointing authority and shall e4ercise all poivers of appeal shall lie 1o the Chairman of the Board against the order gf.thg Managing Director in this behalf, in such manner as may be provided by regulations. Codtios ofuorvlcc 1?' (1) Subject to the provisions of section 29 any official transferred 9f .oqp}I.tor1..* to the Nisam at the request of the Nigam permanently or l emporadly tflH" tt'iiffi ty the stlte covernmeni from any oI iheir departmenti, sha.Ll enjov all Dcplttoeat. such privileges of gratuity, pensionary benefits and any other benefits to which that official would have been entiued had he conlinued to serve in his farent department in the State Government. (2) An official specified in sub-section (1) sha4, during the tenure oI employment in the.Nigam, be subject to disciplinary control of-the Nigam' . . CHAPTER IV-BUSINESS AND BORROWING OF THE NIGA}{ qrqrdEi (rq({, t<ia ro at;rqq{ 1982 fS. tnu Principal business of thc Nigam shall be production, ii i, Burhcrs whlch ):1."- -"' tt"* piocufement, eollection, rearing artd marketing of llvestock'and livestock ---.--- - pr<iducts and products and conseivation, management and deveiopment oI ;o ; to i-p"o""l "rr"i"rr- .na enhance liveiock antl poirliry i,roaucUon 'ilr ;," t'lt$' ,r,,1' 'l*) {, ? , , **rt'* *, t-i" ,o n r3= 1r8, ' ,. : 19, (1) fhe NigqrE .Day with t}le previous approval of. tli: Siate $TioJiir!.sftt Government, ' issue and sell bonds and debentures carrying interest for - - Provided that without the approval of the State Government the total amount of bond and debentures issued and outstanding and of the other borrowing of the Nigam shall not at any tirne exceed four times the ' amount of the capital provided by the State Governmdnt under section 5' (2) The Nigam may, Ior the purpose of carrying out its functions under this Act :- 22' (1) The Nlgam shall, in respect of every vear sulmit ' ldt ::-L*::t*':..'-'-- state Government a statement of programme of its activities together $ffi[6"'6iii' *in ;r"", financial statement showing therein the cletails of t}1s cirl rrlimatc' estimated recqipt and eipenditure ol the Nigam for that year' 'al of the State Governmenr (2) The Nigam maY, with the aPProv (a) borrow money from the Central Govemment or the State Government and fto* any other authority or organisation j or lnstitution approved by the State Government, on such terms and conditions as may be agreed upon ; and (b) accept ftom the Central Government, Stat€ Govemmen! a Scheduled Bank or any person, depbsits repayable after the explry of a period whieh shall not be less than twelve ' ' montis from the date of making the deposit and on such other terms as the Nigam may, with the prior approval of . the State Government, fix. (3) The bonds and clebentures of the Nigam issued under sub-section trl ana irre loans and deposits raised by the Nigqn uder elauses (a) and iUi oi ."rr-t r"Uo" (z):may be guaranteed by the State Goveritment as to irrl, *pryl",r* oi ir"i""ii"t urt th" prv-"r'; of interest at iuch rate :q may be h-iea by tie State Governmenl on the , recommendation of the So;tJ of Diri:ctlry of the Nigam at the iime the bontls or debrinirires are ' issued. 20- (1) The Niqam may receive remuneration for ' its services othcr rourc'r of in"rtJini'.1.t ot *i*t rt .;I""i-rj the rvigam under this Act and accept rund' giiii-gi*tt;-tubsidies, donations or anv benelactions from the State Government or tom anY i:erson. '' 21"' agency. ',::.ra.q, CHAPTER VI-TINANGIAL CHAPTER V_EXECUTION OF PROJECTS ftre Ntgdm may execute the works itself or through any other Erocrdoa of rotls' ESTIMATES, FUNDS, ACCOUNIIS AND AUDIT \t\' . 'k. i _Y- \ h'rt 1 i rTuT'e-dd" firqT.{, t<;rta sri *ffi 1992 2470 (3) Ttie Nigaiil slialt submlt eabh iedi to i*r6 Stlib C.iu"", *"ht tfr" lirogiadime df work and deteilir of tire project t" ainel""i -a"uvid"i which are to be executed during the "u*t iEa".-- --- --:: .. :, (4) The State Goveinmeht riiay, eithei appii:ve thd prbjb.ct 6iirnav :ti5prove it witli such moaificaiions as it -ry'cl*ia"i;#i""J' a il; retuin it to the Nigain tci modify the same or to prepare a .fiesh i"dJ;6i , . iii acicirdance with such directions as the State a*'.;;;;t ;;;;""* . appropriate. ruodof thcNG.m z:. (r) trre Nigam shall have and maintain its own fund, and all receipts of the Nigam shall be carried thereto ""a "ff p"y_ei iy tfr" Nigam shall be made therefrom. (2) The funds of the Nigam shall be applied by it for meeting all administrative expenses ol the Nigam ana for carrying out tf*-pGo."s ol this Act. (3) The, Nigam may' deposit lvrtfr any bank such sums as may be ' needed by it ior its operatiqn" ,od ti,e surpius may be iavested i;'such manner es may be approved by the State Governrnent. $:::i:Xl;';,t"l"I " . 24- .(I) The Board shalr cause the books and accounts of the Nigam t[c Nisam. to be balanced and closed as on the thirtieth d;y "i t;; -;""h y;;. (2) The. balaiire sheet and accounts of the Nigam shall be preparei! and maintained io such manner as may be p.".-"iib"d Uy ,"g-ul":ti*s. $,,I;rtf,t., *- ,35.. ttl The Ntgam sha[ establish a reserve fund to which sha be creorred every year such portion of its annual net profits as.the Nigam thinks fit. (2) Aiter making i{ovision for such reservei fund and for ,bail bnd . doubtful debts and ill-other m"tt"r, lviri.t are usually pro"iJni ti; Ui, . lo-panies registered and incorporatea ,na"r, trr" Corin""ii"n"eir;"i gso !T:.1:r-1-lb6), tle batance of iis annuat net profits,;;ir b";;fitl"';;; state Government. . . , Accourit and Audit 26. (l) ttrd Nigam shall cause to. be maintained proper bo<jks of accounts and such other books as the rules may requirb ind shail ' prepare annual statement of a'ccou.ts u *," p.ei'cr$ei* *".""i: -' (2) The Nigam shall cause its accounts to be audited annually by .suchpers6nastheStateGo,,".,,m"nt--aydirect. l ': I ,t I I I,i.t ,l:lrltl ';1 ,-4[ rt l'r i li ri. jl ,ltt I ::1,1 :1:i (3) As soon as the accoun,rs of the Nigam have been audited,.the Nigam shall send a copy thereof togetler wiii a copy "i rh" ;;;;;;i fi; auditor thereon to the State Gqvernment ana shaf cause: the aecounts,to l: llblished: in the prescribed manner and place copius the"eot bn sate Rcturd. ' ; l I ! r 1 ',.. Ja) fn: Nigam- shatl ccimply with such ilirEcti6ir5 ai; .th6 State =-!:::.t."tt -", "tt" i th" ,upo"l "t ir,e- uuiitor:th;li il; rrqrEh'rv{rr, Fea-+ 30 I 982 tr t a- '.\-'v\ ^^, !'-ljll NiglT sliall, in respect of each year, furnish to the state tl-uut:Tur,t.1 vfithiri.a period of three months from'the a.iu on *ii.i il; annual accoiints bf tlre ,Nigam are croseir, a copy of thelbalance sheit as :1 thg alusri dr rhar v6ci, ;os;th;; ffih; ;;?# ils"accotint ror thrj year and a report on'the working of the Nigam including its poliey and (3) The state Government shall, as soon as may be after the recbipt , of such report eause such report and the atidit report ....iu.a toiaJ. section 2G to be aid on the tatte of Legisrative ess#uir.'*^'-- :^^Y"' CHAI{TER VII_MISCELLANEOUS 4 , .,,.; ." 28.. (l)'In ure,discharge of.its functions under this.Act the Nigamfmlr,t"&m shall be guided by iuch diiections ir ;;;il J p"rr.v irvotving pubtic ccrioog. interest'as the State Government may givg-;ii *-*irttrE. amd if anv : lu.lig,4 ,dfe; yfrethe' th" dt;iln'l6j"il.';';'ffii}1T Ioffi ilvglvins,nublic interest, the decision of the state Government thereon ' .:. 't... ... : I . (?) wrreie the Nigam incurs any loss direetly in consequenee of caIrylngout:thedirectionsoftheStateGovernmentundersu.b..sectiott(l), thesame.shatt.bemadegoodbytheStateco.,""nm.it'.'.'.'..-l, . 29. (1) On and after the establishment of the Nicam the State TranaferofGovero- :: Governhent ind1r, from time to time, direct that the ...ui".i ;';rlh; frTir,t#3'.""* to " the existing :offiiers and servants of the state Government who in its . opiniori arerren{ered suiplus'to its requiiements, shall stand terminatej ' j"d th.rT posts shill stand abolished, from such iate as *ry u. .p*iduJ by it (her6inaftbl in this section referred to as the appointld daL1, ana sheill o1i thilt .date (which may' be djfferent for aifferent officers' and serviints)be9om6.thilofficeis*"'..",it."ttr,..iirg,',. ..... ^ -,,{?),E19,.n : permanent or temporary employees of the State . uovernment in respect of whcm a direction is is-sued under sub-srjctioor (t1 shati, or,,ana trom the ap6joint.a irt", n" ; il;;;;;r';;;;; employees,oI. lhe Nigam, as the case may be, againsi a [Eimanent or temporary.post, which.lhall stand creat6d in the estibiishiiient of the :',i.:: , --. (e) lny officer or servarit so transferred sha1l hoid office under the Nigami by: the same tenure, at the sarne rernuneration and upon the same other cmditions of service ancl with the same rights and previieges as to pgnsion, gratuity, 1'rovidenl fund and other matters as would have ,,i..,1,..,;= n b.q admissible do him on t\e appointed clate if this Act had not come into ;r:' '-' ':il forc6.' Adv service rendered uy rrim under trre staie-G"u*"*uit rrr"rr . be deem6d tci. be service rendered under the Nigam. He shall eoniin,le . to serve uncler the Niggm until his employment li arty-t.r;;;iJ-;;hi; ' remuneratioh or the conditions of service are duly revised or altered by lhe Nii-am' j1-pursuance of the law which for the time being goterns his , , conditions of service : - . t :r, 1.. '. ' Provided that, the conditions of service applicable immediately before . the appointed date to the case of any such offieer or servant shall not be ,varied.to_his.,disadvantage_excep;wit}r_the-previourapprova1-of_th.e-Sta . Government. ,!:" i .:r ,t7, rrl4!-<-s firdffi, ktr.n so qEq{{ l9B2 . (4).The sums standing to the credit oI the employees referred to in sub-s.ection (l) in any pension, provident funa, gratuitylr "tfr". ift" t""j. corstituted for them shall be transferrea fv ifri State Governme"t to tlr; I.f$@ along with aDy accu&ulated intereit due till the "pp"*i"a1.t" . aod with the accounts relating to such fundi. On anrd ajter tie appointed . gll"llt-Tgq shau, tq the-exblusion or tr," Si"t"Cou"i"-"* [;;;i; lor psllment of pension, provident fund, gratuity or othLr Uke sums. as aay be payable to such employees at the appropriate time in.accoraance $rith the conditions of their service_ (5) Nothing contained in sub-sectiql (1) shall apply io any employees 'who _by notice in writing given to the State Governmeqt - within iwo . months from the appointed date or such.extended . time as the Siate Governmenl' may, by general or .special order, ,pilt; t"fi;;;; intention oI not becoming or contitiuing ," , "-piov"J of th" I.iir; Where such notiee is received Irom any.-employee_ ' .-*- ; - .', (a) in case of a permanent employee, he shall be al owed to retire giving him the benefit of pension, gratuity, ._rrovident fund . and other benefits which rnay have accrued to him had he - retired from the Government service on the appointed date; (b) in case of a temporary employee, his service sha[ bd.ter4lnated after giving him notice or remuneration in lie.u of notice as per the existing service rules of the State Goveinment.. (6). hlotwithstanding anything contained rn the forgoing sub_seciion_ ,:- (a) no oerson employed in the Veterinary O.p"ti"r.it--"g"irrrt whom any disciplinary proceeding li penaing o, to iho* auy notiee or order of termination oI his service or compulsory retirement has been issued before tfr. a"t" oi commencement of this Ac1 shall be transfarred to the Nigam, and such person may be dealt with after the said dati in such minner and by such authority as the State Governmemlt may by general or special order specify in tnis behalf; , ' (b) iI the service5 of any employees bf the State Government stand transfer::ed under sub-se'ction (1) to the ftU"rq ti"-Nfs# . ' disciplinary or other action as it thinks fii ,rg;;t ;;; employee having regard to any act o, orni..io"'* -.o.rl,r"i or record of such employee while he wag in seryice of the State. Governrnent. ....30. The Nigam shall not be placed in 1iquidation save by an order o{the.StateGovernmentandinsuchmanner.asit-.fa,*i. -