(1) The Nigam may receive remuneration for it's services including costs 01 works reincurred by the Nigam under this Act,_and accept gifts, grants, subsidies, donations 27.
or anY,benefactions from the State Government or any other Goverment or agency or f~oriilear sue any person.
) . . b '1' 1 d . hi _. (2)(2 The Slate Government may also transfer to the NIgam, ui dings, an, mac illerYill ollie:
or any other movable or immovable property for the use of the Nigam on such terms' andlllder tl conditions as the Slate Government may deem fit. J' '11a1
CHAPTER V-EXECUTION OF PROJECTS 28.
other bl the pres as on tl Execution of works.
22. The Nigam may execute the works itself or through any other agency.
Power to enter 23. (1) Such ollicers, servants and other persons as may be anthcrised by the Nigammit~ed 1 upon a land .' ° '~ • . • • - fiai'rl.;lO' , holding. or the State Government ill this behalf, may at any itme, after grving the land ho!'] 1: r tOf:.meil 0 reasonable notice? enter upon his iho~di.ngand carry out surveys aut! investigations and all such works and things as may be necessary in connection with the execution of the projects, (2) heme k d tho A State Gsc erne or wor un er is ct.
. . . . . f - . (3)
(2) The staff of the Nigam shall while acting or 'purportIng to act ill pursuance 0 anycopy th of the provisions of this Act he deemed to be public servants with.n the meaning of sec1llynt ai tion 21 of the Indian Penal Code, 1860 (No. 45 of 1860). copies 1
CHAPTER VI-PREVENTIVE ACTION AND PENALTIES.
O(4) oerusal Penalties for 24. Any person who obstructs the execution of any work or causes any damage tc 29 obstruction of auv work, being executed by the Nigam.. shall on conviction. be punishable with imprisonyea~, CIwork. _. . . straizht rnent for a term which may extend to six months or with fine which may extend to ollidivi&n.§ thousand rupees or with both. - ~~~. ' .
~ t' Je& , ao 1"", _ 2 -, (1) The Nigam shall, in respect of every year submit to the State Government, Submission of : . - statement of programme of its activities together with annual financial statement show- ~~fi~~=:n~f' .ddition to' g therein in detail the estimated receipt and expenditure of the Nigam for that year. financial estl.•... mate.
(2) The Nigam may, with the prior approval of the State Government, revise or under this o9ify the statement and estimate referred to in' sub-section (1).
(3) The Nigam shall submit each year 'to the' State Government the programme of ork and details of the project for different activities which are to be executed during the xt year. \ I; I , ] oonds and ltate Gov- E the State y deem fib ued under der clause ereon an<JJ
(4) The State Government may, either approve the projects, or may approve ill with , ch modifications as it may consider necessary or may return ~t to the Nigam. to' modify e same or to prepare a fresh project in accordance 'with such directions as the State overnment may deem appropriate.
26, (1) The Nigam shall have and maintain its own funds" and all receipts of the F1:lnds ot the igam shall be carried thereto and all payments by 'the Nigam shall be made therefrom. NIgam. ,
(2) The funds of the Nigam shall be applied by it for meeting all administrative he Nigairi-(-:;:.,enses of the Nigam and for carrying out the purposes: of this Act.
le amount (3) The Nigam may deposit with any bank: such sums aSImay be needed by it for its.
'perations and the surplus may be invested in such manner as may be approved by the tate Government.
costs of:7 ::> donations All ti f Y O -r'from- 27. (1) The Nizam shall establish a reserve fund to which shall be credited every oca ion or.~ surplus profit.
ear such portion of its annual net profits as, the Nigam thinks fit.
machinery terms' and
(2) After making provision for such reserve fund and for bad a,nd_doubtful debts and other matters which are usually provided for by companies registered and incorporated nder the Companies. Act, 1956 (Central Act 1 of 1956) the balance of its annual net pro ..
ts shall be paid to the State Government.