(1) For the furtherance of the objects of this Act, the State Government may, upon such conditions as may be agreed upon between that Government and the Corporation, place at the disposal of the Corporation any lands vested in the State Government.
(2) After any such land has been developed by, or under the control and supervision of, the Corporation, it shall be dealt with by the Corporation in accordance with the regulations made, and directions given by the State Government in this behalf.
(3) If any land placed at the disposal of the Corporation under sub-section (1) is required at any time thereafter by the State Government shall replace it at the disposal of the State Government upon such terms and conditions as may be mutually agreed upon.
36. Where any land within any area is not acquired within a period of ten years from the date on which Chapter V takes effect in such area, owner of such land may by notice in writing served on the State Government require it to purchase his interest therein; and thereupon the State Government shall proceed to acquire that land under this Chapter.
37. The State Government may, if it thinks fit, delegate, by notification, any of its powers under this Chapter to any of its officers.
CHAPTER VI Powers of the Corporation in case of certain defaults by owner of land in industrial area