Vidhi Codex

THE HIMACHAL PRADESH ANTYODAYA CORPORATION ACT, 1979

The Himachal Pradesh Antyodaya Corporation Act, 1979

General197938 sections7 chapters

The Himachal Pradesh Antyodaya Corporation Act, 1979 establishes a state-run public corporation dedicated to the economic upliftment of underprivileged Antyodaya families in Himachal Pradesh. The legislation outlines the structure, governance, capital, and financial administration of the Corporation, empowering it to provide loans, grants, margin money, skill training, and marketing support to beneficiaries. It applies to designated low-income families, state officials, financial institutions, and corporate board members. This Act is important because it creates a direct institutional mechanism to alleviate poverty, generate rural employment, and enhance economic self-reliance for vulnerable communities across the state through targeted financial assistance and development schemes.

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Chapter I PRILIMINARY →

  1. 2Definitions
  2. 3Establishment of the Himachal Pradesh Antyodaya Corporation

Chapter II INCORPORATION OF HIMACHAL PRADESH ANTYODAYA →

  1. 4Head Office of the Corporation
  2. 5Capital of the Corporation

Chapter III MANAGEMENT OF THE CORPORATION →

  1. 6Functions of the Board
  2. 7Board of Directors
  3. 8Term of Office
  4. 9Disqualifications for office of Director
  5. 10Director not to participate in certain cases
  6. 11Removal and resignation
  7. 12Meetings
  8. 13Managing Director
  9. 14Defect in appointment not to invalidate acts, etc.
  10. 15Officers and other employees of the Corporation

Chapter IV FUNCTIONS AND FUNDS OF THE CORPORATION →

  1. 16Functions of the Corporation
  2. 17Funds of the Corporation
  3. 18Development and Finance Fund
  4. 19Guarantee and Bad Debts Fund
  5. 20Relief and Common Good Fund
  6. 21Grants-in-aid and Subsidies Fund
  7. 22Loan Fund

Chapter V RECOVERY OF LOANS AND GRANTS →

  1. 23Power to resume grants and call repayment of loans
  2. 24Recovery of money due to the Corporation
  3. 25First charge of Corporation's dues

Chapter VI ACCOUNTS AND AUDIT →

  1. 26Accounts
  2. 27Audit

Chapter VII MISCELLANEOUS →

  1. 28Dissolution of Board.
  2. 29Consequences of dissolution of the Board.
  3. 30Bar of jurisdiction.
  4. 31Protection of action taken in good faith.
  5. 32Officers and employees to be public servants.
  6. 33Indemnity of Directors.
  7. 34Exemption from registration fee and stamp duty.
  8. 35Power to make regulations.
  9. 36Power to make rules.
  10. 37Power to remove difficulty.

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