Bare ActsThe Tripura Infrastructure Investment Fund Act,2018

Section 5

Constitution of Board

Amendment status not verified — confirm the current text below against the official source.

Constitution of Board. (a) The Government may, by notification in the Gazette, constitute with effect from such date as may be specified therein, a Board to be called "the Tripura Infrastructure Investment Fund Board" for the administration of the fund and to supervise or carry out the activities financed from the fund. (b) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal and shall by the said name sue or be sued. (c) The headquarters of the Board shall be Agartala; (d) The Board shall consist of the following members, namely: i. The Chief Minister -- Chairperson ii. The Minister for Finance -- Vice-Chairperson iii. The Vice-Chairman, State Planning Board -- Member iv. The Chief Secretary -- Member v. The Secretary (Law) -- Member vi. The Secretary (Finance) -- Member vii. Seven independent members who are experts, who have worked in an institution of national repute in one or more of the areas of Finance, Banking, Economics -- Members viii. The Chief Executive Officer -- Member Secretary Explanation:-For the purposes of the provisions of this Act the term ‘Secretary’ shall denote Additional Chief Secretary, Principal Secretary, Secretary or Special Secretary to Government, as the case may be; (e) The Board may, at the discretion, of the Chairperson seek the participation of any other Minister or Secretary of any Department whose project is under consideration of the Board for financing: Tripura Gazette, Extraordinary Issue, July 24, 2018 A. D. 10

Section 5 – The Tripura Infrastructure Investment Fund Act,2018 | DailyLaw.ai