The Telangana Infrastructure Development Corporation Act, 1998.
telangana · 1998
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 1Section adapts the Andhra Pradesh Infrastructure Development Corporation Act, 1998 to Telangana post-state formation.
- S. 2Substituted by G
- S. 3Section establishes a corporation called the Telangana Infrastructure Development Corporation by government notification.
- S. 4(1) The Corporation shall consist of the following members, namely:- (a) Chief Minister
- S. 5Section 5 establishes the Executive Committee for the Telangana Infrastructure Development Corporation, detailing its members and functions.
- S. 6Section 6 disqualifies certain individuals from being non-official members of the Corporation and allows the government to remove members for specified reasons.
- S. 7Section 7 outlines the meeting procedures and quorum requirements for the Telangana Infrastructure Development Corporation, including conflict of interest rules for members.
- S. 8See now the Companies Act, 2013 (Central Act 18 of 2013)
- S. 9Section 9 allows the Corporation to invite non-voting special invitees to its meetings and provides for their honorarium.
- S. 10Section 10 fills any vacant member position in the Corporation as soon as possible, similarly to a new appointment.
- S. 11Section 11 ensures actions by the Corporation or its committees remain valid despite certain membership or procedural defects.
- S. 12Section 12 details the appointment and conditions of officers and servants for the Telangana Infrastructure Development Corporation.
- S. 13Section 13 prohibits any individual with a direct or indirect interest in a contract or employment with the Corporation from becoming an officer or servant.
- S. 14Section 14 requires the Chairman to authenticate Corporation proceedings and the Managing Director or authorized officer to authenticate orders and instruments.
- S. 15Section 15 empowers the government to transfer water supply, sewerage, sanitation, and other infrastructure projects to the Corporation.
- S. 16Section 16 transfers government projects, assets, and liabilities to the Telangana Infrastructure Development Corporation upon notification.
- S. 17Section 17 outlines the functions of the Telangana Infrastructure Development Corporation, including water supply, sewerage, sanitation, and infrastructure development.
- S. 18Section 18 grants the Telangana Infrastructure Development Corporation extensive powers to manage its functions, including property acquisition, construction, pollution prevention, and consulting.
- S. 19Section 19 allows the Corporation to levy charges for facilities and services to cover loan interest costs.
- S. 20Section 20 mandates the Corporation to pay interest on borrowed funds by recovering charges under section 19.
- S. 21Section 21 prohibits unauthorized construction of surface water extraction facilities within the Corporation's project area without prior approval.
- S. 22Section 22 mandates the Corporation to coordinate with government and local bodies to minimize project-related inconveniences.
- S. 23Section 23 authorizes the Corporation to perform functions and exercise powers previously held by the government for projects vested in it.
- S. 24Section 24 allows the government to issue policy directions to the corporation for executing the act's purposes.
- S. 25Section 25 extends certain provisions from the Hyderabad Metropolitan Water Supply and Sewerage Act to the Telangana Infrastructure Development Corporation.
- S. 26The section allows the government to compulsorily acquire land for the corporation's purposes under the Land Acquisition Act, 1894.
- S. 27The section allows the government to transfer lands to the corporation for development, except reserved forests, with conditions.
- S. 28Section 28 allows the Corporation to sell, lease, or dispose of its property as needed for its purposes.
- S. 29All property, fund and other assets vesting in the Corporation shall be held and applied by it, for the purposes of th
- S. 30Section 30 outlines the sources of funding and banking arrangements for the Telangana Infrastructure Development Corporation.
- S. 31Section 31 provides that the Government will fund the Corporation's operations without charging interest.
- S. 32Section 32 authorizes the government to provide grants, loans, and advances to the corporation as needed.
- S. 33Section 33 allows the Telangana Infrastructure Development Corporation to borrow funds, accept donations, and seek guarantees for project funding.
- S. 34Section 34 allows the Corporation to accept deposits under its own terms from those to whom it sells, leases, or allots properties.
- S. 35Section 35 authorizes the Corporation to spend funds from its authorized purposes from its designated funds.
- S. 36Section 36 allows the Corporation to spend funds on authorized objects not covered by section 17.
- S. 37Section 37 mandates the Corporation to establish and manage special funds as directed by the Government, with prior approval for any other uses.
- S. 38Section 38 mandates the Managing Director to present the Corporation's budget estimates for the next year at a special October meeting.
- S. 39Section 39 mandates the Corporation to review and approve budget estimates submitted to it, with possible modifications.
- S. 40Section 40 allows the government to guarantee repayment and interest on loans given to the Corporation.
- S. 41Section 41 mandates profits from water supply, sanitation, or sewerage to be credited to the Corporation, while any deficits are borne by the Government.
- S. 42Section 42 adjusts capital costs by adding expenses and reducing them with receipts if the corporation is in deficit.
- S. 43Section 43 allows the Corporation to create a depreciation fund as per Comptroller and Auditor General's and government's specifications, affecting net profit calculation.
- S. 44Section 44 credits proceeds from betterment levies imposed by the government to the Corporation.
- S. 45Section 45 mandates the Corporation to submit annual financial statements and work programs to the Government for approval and requires the Government to approve or modify them.
- S. 46The Corporation must maintain and audit its books, and submit audited accounts to the Government for legislative review.
- S. 47Section 47 allows the government to mandate concurrent or special audits of the Corporation's accounts by appointed individuals.
- S. 48Section 48 mandates the Corporation to submit annual reports and other required information to the Government on its activities and projects.
- S. 49Section 49 mandates the government to handle rehabilitation for those affected by the Corporation's projects, with the Corporation funding the costs.
- S. 50Section 50 mandates that all property contracts or assurances by the Corporation must be in writing and follow specified regulatory procedures.
- S. 51Section 51 imposes penalties for violating the Telangana Infrastructure Development Corporation Act, including imprisonment and fines.
- S. 52Section 52 allows authorized officers or servants to enter any land for lawful works or investigations.
- S. 53Section 53 allows the Corporation to recover dues as land revenue arrears.
- S. 54Section 54 outlines the methods for serving notices, orders, and documents under the Telangana Infrastructure Development Corporation Act, 1998.
- S. 55Section 55 mandates public notices under the Act to be signed, widely disseminated, and displayed in affected areas.
- S. 56Section 56 mandates that any notice or order under the Act must specify a reasonable time for compliance if no time is fixed in the Act or related rules.
- S. 57Section 57 allows the government to fix deadlines and reconstitute the Corporation if it defaults on duties under the Act.
- S. 58Section 58 makes company officers and directors liable for company offenses, unless they prove lack of knowledge or due diligence.
- S. 59Section 59 restricts court cognizance of offenses against Corporation property to complaints from the Corporation or authorized individuals.
- S. 60Section 60 allows the Corporation to compound offenses and release offenders if in custody.
- S. 61Section penalizes obstruction or molestation of authorized persons entering land or buildings under the Act with up to six months imprisonment or a fine.
- S. 62Section 62 allows the Corporation to delegate its powers to government officers, with government approval.
- S. 63Section 63 protects individuals from legal actions for good faith actions under the Act or related rules.
- S. 64Section 64 deems corporation officials acting under the Act as public servants under the Indian Penal Code.
- S. 65The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any o
- S. 66(1) The Government may, by notification, make rules to carry out the purposes of this Act
- S. 67Section 67 allows the Corporation to create regulations with government approval for its powers and functions.
- S. 68The section allows the government to issue orders to resolve doubts or difficulties in implementing the act.
- S. 69Section 69 allows the government to dissolve the corporation if its objectives are achieved, transferring its assets to the government and liabilities to the government.
- S. 70The Andhra Pradesh Infrastructure Development Corporation Ordinance, 1998 is hereby repealed
- S. 1989Act 15 of 1989