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Section 18: Dissolution of the Board

The Kerala Industrial Revitalisation Fund Act, 1999(19 of 1999)State Act of Kerala · Act 19 of 1999

(1) If the Governmentfor any :e2son are of opimon that it 1s not tecessary to continue the Bord they mey, by noufication in the Gazette, dissolve the Board fiom such date es may be specificd therein.

(2) Upon the peLhecation of 2 nonficaton under stb section (1) dissolving the Board,—

(a) the Chairman end all the other Dnictors cf the Boaid shall, as from the date of dissolytion, vacate then offices 2s such;

(b) all the powers and functions which mvy, by or under the provisionsofthis Act, be excicised and perfo.m d by ot on beh Ifof the Board and the Chauir.t.an shall, as fio.n the dace uf dost .0n, be exercised and pertozmed by the Governme.t ur such 2 tho.ity 0: pe.son as thry may apnoist in thise beualf;

(c) all funds and othe: propertics vested in the Board shell vest in the Government, and

(d) all liabiliues legally subsisting and enforceable against the Board shall be enforceable against the Government to the extent of the funds and propertics vested in thein.

(3) Nothing in this section shall affect the lability of the Government m respect of bonds or debenturcs guaranteed by the Government.

476 19, Bar ofjurisdiction of C-vil Courts—No Cavil Court shall have jurisdiction to settle, decide or deal with any question or to determine any matter which is by or under this Act or Scheme required to be settled, decided or dealt with or to be determined by the Government or the Board or any officer authorised by the Goveinment or the Board.

20. Removal of difficulties —(1) If any difficulty arises in giving effect to the provisions of this Act, the Government may, as occasion may required, by order, do anything not inconsistent with this Act or the Scheme made thereunder, which appears to them necessary for the purpose of removing the difficulty.

(2) Every order made undersub-section (1) shall be laid on the table of the State Legislative Assembly.

21. Modification of the Scheme—(1) The Government may, by notification in the Gazette, add to, amend or vary the Scheme either prospectively or retrospectively.

(2) Every notification undersub-section (1) shall be laid, as a_ soon as may be after it is issued, before the Legislative Assembly while it is in session for a total period of fourteen days which may be comprised ir one session or in two successive sessions, and if, before the expiry of the session in which it is so laid or the session unmediately following, the Legislative Assembly makes any modification in the noufication or decides that the noufication shall not be issued, the notification shall thereafter have effect only in such modified form or be of no effect, as the case may be, so however that any such modification or annulment shall be without prejudice to the validity of anything previously done under that notification.

Where this provision sits

ActThe Kerala Industrial Revitalisation Fund Act, 1999(19 of 1999)
Section18
Marginal noteDissolution of the Board
JurisdictionState of Kerala
StatusIn force as published by the source

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