Vidhi Codex

The Himachal Pradesh Ex-servicemen Corporation Act, 1979

The Himachal Pradesh Ex-servicemen Corporation Act, 1979

General197935 sections

This Act establishes the Himachal Pradesh Ex-servicemen Corporation to promote the employment and self-employment of former armed forces personnel residing in the state. It provides financial assistance, loans, and other facilities to ex-servicemen and their families for starting or running businesses, particularly in agriculture and related sectors. By creating this dedicated corporation, the state government helps transition men and women from military service to civilian economic life, ensuring their skills and experience contribute meaningfully to the state's development while securing their economic future.

Start reading →Read full ActSections
  1. 0. Preamble
  2. 1. Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of Objects
  3. 2. Definitions
  4. 3. Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of
  5. 4. Head office and other offices of the Corporation
  6. 5. Capital of Corporation
  7. 6. Management
  8. 7. Constitution of Board
  9. 8. Sub-section (4) omitted vide H.
  10. 9. Powers of the
  11. 10. Staff of the Corporation
  12. 11. Government the terms and conditions of their service.
  13. 12. Meetings of the Board
  14. 13. Delegation of Powers to
  15. 14. Casual vacancies.- (1) The
  16. 15. Functions of the Corporation
  17. 16. Capital of the Corporation and its power to borrow or issue
  18. 17. Ex-servicemen Corporation Fund
  19. 18. Power to impose conditions for loans
  20. 19. Power to call repayment before agreed period.-
  21. 20. Recovery of money due to the Corporation
  22. 21. First charge of Corporation on debtor`s property.-
  23. 22. Accounts
  24. 23. Audit
  25. 24. Dissolution of Corporation
  26. 25. Directors not to participate in certain cases
  27. 26. Board or the committee with respect to that matter.
  28. 27. Protection of action taken in good faith
  29. 28. Employees to be public servants.- The
  30. 29. Indemnity of Director
  31. 30. Exemption from registration fee and stamp duty
  32. 31. Legislature is competent to legislate.
  33. 32. Government for the efficient administration of this Act.
  34. 33. Power to make rules.- (1) The Government may, by notification,
  35. 34. Power to remove difficulty

PDF: pending for this language.