Vidhi Codex

The Chhattisgarh Rajya Beej Evam Farm Vikas Nigam Adhiniyam, 1980

The Chhattisgarh Rajya Beej Evam Farm Vikas Nigam Adhiniyam, 1980

General198039 sections4 chapters

This Act establishes the Madhya Pradesh Rajya Beej Evam Farm Vikas Nigam, a corporate body dedicated to developing quality seeds and managing agricultural farms. Its primary goal is to increase agricultural production by executing projects for seed development and farm operations. The corporation has the legal authority to acquire property, enter contracts, and operate throughout the state. By centralizing these agricultural initiatives, the legislation aims to ensure better and larger yields of food, fiber, and other crops, ultimately supporting the state's agricultural economy.

Start reading →Read full ActSections

Chapter I Chapter I →

  1. 1Short title and extent
  2. 2Definitions
  3. 3Establishment and incorporation of the Madhya Pradesh Rajya Beej Evam Farm Vikas Nigam
  4. 4Offices and Agencies
  5. 5Share capital and share holders
  6. 6Restrictions on transfers of shares
  7. 7Management
  8. 8Constitution of Board
  9. 9Disqualification for being a Director of the Nigam
  10. 10Vacation of office by nominated directors
  11. 11Managing Director
  12. 13Remuneration of directors
  13. 14Meetings of Board
  14. 15Committees of the Board
  15. 16Member of Board or Committee thereof not to participate or vote in certain cases
  16. 17Appointment of Officers and other employees, etc.

Chapter IV Chapter IV →

  1. 18Condition of service of employees transferred to the Nigam from Government Department
  2. 20Borrowing by the Nigam
  3. 21Other source of funds
  4. 23Power to enter upon a land holding

Chapter VI Chapter VI →

  1. 24Penalties for obstruction of work.

Chapter VIL Chapter VIL →

  1. 25Submission of Programme or activities and financial estimate
  2. 26Funds of the Nigam
  3. 27Allocation of surplus profit
  4. 28Accounts and audit
  5. 29Depreciation reserve.
  6. 30Returns.
  7. 31Power of State Government to give directions.
  8. 32Transfer of Government employee to the Nigam
  9. 33Liquidation of the Nigam
  10. 34Indemnity of Director
  11. 35Defects in appointment of directors not to invalidate acts etc.
  12. 36Protection of action under the Act
  13. 37Declaration of fidelity and secrecy
  14. 38Delegation of powers
  15. 39Money due to Nigam recoverable as arrear of Land Revenue
  16. 40Power of the State Government to make rules
  17. 41Power of the Nigam to make regulations

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