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Section 24: Power to incorporate subsidiaries and Joint Project Ventures.

The Jammu and Kashmir Metropolitan Region Development Authorites Act, 2018Union territory Act of Jammu and Kashmir · Act 49 of 2018

(1) The Authority may subscribe to the share capital of any public limited company incorporated under the Companies Act, 2013 or a cooperative society, with limited liability registered under the Jammu and Kashmir Cooperative Societies Act, 1989 (Act No. X of 1989) :

Provided that, the amount of such subscription in a year shall not exceed such sum as may be prescribed :

(2) The Authority for the purpose of executing or managing projects, schemes, policies and raising equity therefor shall have power to create Joint Project Venture (JPV) with Private Partner(s).

Where this provision sits

ActThe Jammu and Kashmir Metropolitan Region Development Authorites Act, 2018
Section24
Marginal notePower to incorporate subsidiaries and Joint Project Ventures.
JurisdictionUnion territory of Jammu and Kashmir
StatusIn force as published by the source

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