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Section 70: Corporate Social Responsibility and development of infrastructure by Board.

The Major Port Authorities Act, 2021Central Act · Act 1 of 2021

(1) The Board may use its funds for providing social benefits including development of infrastructure in areas of education, health, housing, accommodation, skill development, training and recreational activities for its own employees, customers, business partners, Government and Non-Government Organisation, local communities, environment and society at large.

(2) The manner of utilisation of funds for the Corporate Social Responsibility shall be such, as may be prescribed.

Explanation.---For the purposes of this section, the expression "Corporate Social Responsibility" means the activities, to be undertaken by the concerned Major Port, as referred to in sub-section (1) and section 135 of the Companies Act, 2013 (18 of 2013).

Where this provision sits

ActThe Major Port Authorities Act, 2021
Section70
Marginal noteCorporate Social Responsibility and development of infrastructure by Board.
JurisdictionCentral
StatusIn force as published by the source

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