Vidhi Codex

Bare Act

The Industrial Development Corporation Act, 1965

Corporate196558 sections6 chapters

This legislation establishes the Goa Industrial Development Corporation to promote, organise, and streamline the rapid growth of industries across the state of Goa. It applies to industrial undertakings, commercial businesses, property owners, and local authorities operating within designated industrial estates and areas. The Act empowers the Corporation to acquire and develop land, construct factories and infrastructure, allot facilities to businesses, and enforce building regulations. By centralising statutory functions and development approvals under a dedicated body, the Act ensures planned industrial infrastructure, fosters economic development, and provides clear procedures for land allocation and amenity management in Goa.

Start reading →Read full ActSections

Chapter I Chapter I →

  1. 1Short title, extent and commencement
  2. 2Definitions

Chapter II Chapter II →

  1. 3Establishment and incorporation
  2. 4Constitution
  3. 5Disqualification for Director
  4. 6Terms of office and conditions of service of Directors
  5. 7Meetings of Corporation
  6. 8Cessation of Director
  7. 9Vacancies how to be filled
  8. 10Temporary absence of Membership
  9. 11Proceeding presumed to be good and valid
  10. 12Officers and servants of the Corporation

Chapter III Chapter III →

  1. 13Functions
  2. 14General powers of the Corporation
  3. 15Authentication of orders and documents of Corporation
  4. 16Directions by the State Government

Chapter IV Chapter IV →

  1. 17Application of Corporation’s assets
  2. 18Corporation’s fund
  3. 19Grants, subventions, loans, advances and capital contribution to the Corporation
  4. 20Power of the Corporation to borrow
  5. 22Reserve and other funds
  6. 23Expenditure from funds
  7. 24Budget and programme of work
  8. 25Accounts and audit
  9. 26Concurrent and special audit of accounts

Chapter V Chapter V →

  1. 27Acquisition of land for the Corporation to be a public purpose
  2. 28Disposal of land by the Corporation
  3. 29Government lands

Chapter VI Chapter VI →

  1. 30Powers of Corporation in case of certain defaults by owner of land in industrial area
  2. 31Order of demolition of building
  3. 32Power to stop building operations
  4. 33Penalty for construction or use of land and buildings contrary, to terms of holding
  5. 34Power to lay pipe lines etc.
  6. 35Powers of entry
  7. 36Officers of the Corporation may be vested with other powers
  8. 37Overriding powers of Government to issue directions to local authorities
  9. 37ADeclaration as industrial area
  10. 37BDevelopment of areas
  11. 38Recovery of sums due to the Corporation as arrears of land revenue
  12. 39Service of notice, etc.
  13. 40Public notices how to be made known
  14. 41Notices, etc. to fix reasonable time
  15. 42Furnishing of returns etc.
  16. 43Withdrawal of area or estate or part thereof
  17. 44Default in performance of duty
  18. 45Dissolution of Corporation
  19. 46Authority for prosecution
  20. 47Composition of offences by Corporation
  21. 48Offence by companies
  22. 49Penalty for obstruction
  23. 50Power to make rules
  24. 51Power to make regulations
  25. 52Protection of action taken in good faith
  26. 52ANotice to suit and limitation of suits against Corporation, Committees, Officers and servants for acts done in pursuance of execution of this Act
  27. 53Members, officers and staff of Corporation to be public servants
  28. 54Power to remove doubts and difficulties
  29. 55Act to have overriding effect

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