(1) As soon as may be after the commencement of this Act, the State Government may, by 'notification in the Official Gazette constitute and establish a Board to be called the Meghalaya Infrastructure Development Board and the Board shall become operational from such date the State Government may notify in the. Official Gazette.
(2) The Board shall:
(a) be a body corporate having a perpetual succession;
(b) have a common seal;
(c) have the power to acquire, purchase, lease, rent or otherwise take possession of any property or assets, both movable and immovable, in its own name. Provided that any transaction on land shall be subject to the provIsions of Meghalaya Transfer of Land (Regulation) Act, 1971;
(d) be capable or suing and being sued; and
(e) have the power to do or perform all such acts and things as a body corporate may legally do or perform.
(3) The head office of the Board shall be situated at Shillong or at such other place as the State Government may specify by a notification in the Official Gazette. The Board may establish branch or other offices at such other places in the State as it may deem fit.