Vidhi Codex

Bare Act

The Gujarat Backward classes Development Corporation Act, 1985

General198531 sections

The Gujarat Backward Classes Development Corporation Act, 1985 establishes a state-level corporation dedicated to promoting the social and economic welfare of socially and educationally backward class citizens in Gujarat. It applies to individuals, partnerships, and cooperative societies belonging to specified backward communities across the state. The Act empowers the corporation to provide financial assistance, grant loans, guarantee credit, supply agricultural and industrial equipment, and promote employment, small-scale industries, and marketing initiatives. By building dedicated institutional funding and support systems, this legislation matters because it fosters self-reliance, economic growth, and comprehensive socio-economic upliftment for historically marginalized communities in Gujarat.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Short title, extent and commencement
  3. 2. Definitions
  4. 3. Power of State Government to add to Schedule
  5. 4. Establishment and incorporation of Corporation
  6. 5. Headquarters of Corporation
  7. 6. Constitution of Corporation
  8. 7. Term of office and conditions of appointment of directors
  9. 8. Filling up casual vacancies
  10. 9. Disqualifications for office of director
  11. 10. Director not to participate in certain Cases
  12. 11. Removal and resignation of director
  13. 12. Managing Director
  14. 13. Officers and other employees of Corporation
  15. 14. Meetings of Corporation
  16. 15. Acts and proceedings presumed to be valid not-withstanding any defect
  17. 16. No disqualification in certain cases
  18. 17. Functions and powers of Corporation
  19. 18. Capital of Corporation
  20. 19. Fund of Corporation
  21. 20. Accounts
  22. 21. Audit
  23. 22. Advisory Committee
  24. 23. Recovery of money due to Corporation
  25. 24. Dissolution
  26. 25. Consequence of dissolution of Corporation
  27. 26. Protection of action taken in good faith
  28. 27. Indemnity to directors
  29. 28. Power of Corporation to make regulations
  30. 29. Power of State Government to make rules
  31. Schedule. [See clause (b) of section 2]

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