Establishment and incorporation.

Establishment and Constitution of the Corporation

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1. (1) For the purpose of securing and assisting in the rapid and orderly establishment and organization of Integrated Information Technology Township/Information Technology Parks, there shall be established by the Government, by notification in the Official Gazette, a Corporation by the name of the Goa Information Technology Development Corporation.
2. (2) The said Corporation shall be a body corporate with perpetual succession and a common seal, and may sue and be sued in its corporate name, and shall be competent to acquire, hold and dispose of property, both movable and immovable, and to contract, and do all things necessary for the purposes of this Act.