Chapter II INCORPORATION OF GUJARAT TRIBAL DEVELOPMENT

(1) With effect from such date as the State Government may, by notification in the Official Gazette, specify in this behalf, the State Governmentmay establish for the purpose of this Act a Corporation to be known as the Gujarat Tribal Development Corporation. (2) The Corporation shall be a body corporate having perpetual succession and a common seal, with powers subject to the provisions of this Act, to acquire, hold or dispose of property, whether movable or immovable, and to contract and to do all things necessary for the purposes of this Act, and may, by the name aforesaid, sue or be sued.

The head office of the Corporation shall be at Ahmedabad or at such other place as the State Government may, by notification in the Official Gazette, specify.

(1) The State Government may provide to the Corporation such sum not exceeding fifty crores of rupees as the State Government may think fit as capital that may be required by the Corporation for the purpose of carrying out its functions or for purposes connected therewith : Provided that where the capital initially provided is less than fifty crores of rupees the State Government may, from time to time, increase the capital to such sum not exceeding fifty crores of rupees as it may think fit. (2) Such capital may be provided subject to such terms and conditions as may be determined by the State Government.