Passed in Hindi by the Himachal Pradesh Vidhan Sabha. For Statement of

Objects and Reasons see the Rajpatra, Himachal Pradesh dated 20 th December, 2013, pp. 5303 and 5306-5307.

4 THE HIMACHAL PRADESH EX-SERVICEMEN CORPORATION ACT, 1979

1. (ii) the State Bank of India constituted under this State Bank of India Act, 1955 (23 of 1955),
2. (iii) a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959),
3. (iv) a Regional Rural Bank established under the Regional Rural Banks Act, 1976 (21 of 1976),
4. (v) a corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970),
5. (vi) any banking institution notified by the Central Government under section 51 of the Banking Regulation Act, 1949 (10 of 1949),
6. (vii) the Agricultural Refinance and Development Corporation constituted under the Agricultural Refinance and Development Corporation Act, 1963 (10 of 1963),
7. (viii) the Agro-Industries Corporation as defined in clause

1. (c) of section 2 of the Himachal Pradesh Agricultural Credit Operations and Miscellaneous Provisions (Banks) Act, 1972 (1 of 1973),
   • (ix) the Agricultural Finance Corporation Limited, a company incorporated under the Companies Act, 1956 (1 of 1956), and
   • (x) any other financial institution notified by the State

Government in the Official Gazette as bank for the

purposes of this Act;

1. (c) "Board" means the Board of Directors of the Corporation; (d) 1["Chairman-cum-Managing Director"] and "Vice-Chairman" means the 2[Chairman-cum-Managing Director] and Vice- Chairman of the Corporation;
2. (e) "Corporation" means the Himachal Pradesh Ex-Servicemen Corporation, established under section 3;
3. (f) "Ex-servicemen" means a person who is ordinarily residing in the State of Himachal Pradesh and has served in any rank, whether as combatant or non-combatant, in the Indian Armed Forces or armed forces of the former Indian States (but from 25 th August, 1981 validated by H. P. Act No. 13 of 1984, effective from 25 th August, 1981. from 25 th August, 1981 validated by H. P. Act No. 13 of 1984, effective from 25 th August, 1981

¹ Substituted for the words "Chairman" vide H.P. Act. No. 16 of 1981, effective

² Substituted for the words "Chairman" vide H.P. Act. No. 16 of 1981, effective

THE HIMACHAL PRADESH EX-SERVICEMEN CORPORATION ACT, 1979 5

excluding the Assam Rifles, Defence Security Corps, General Reserve Engineering Force, Lok Sahayak Sena and Territorial Army) for a continuous period of not less than six months after attestation and has been released, otherwise than by way of dismissal or discharge on account of misconduct or inefficiency, and in the case of a deceased or incapacitated ex-servicemen includes his wife, children, father, mother, minor brother, widowed daughter and widowed sister, wholly dependent upon such ex-servicemen immediately before his death or incapacitation;

1. (g) "Ex-servicemen Organisation" means a firm registered under the Indian Partnership Act, 1932 (9 of 1932), an association registered under the Societies Registration Act, 1860 (21 of 1860), or a Co-operative Society registered under the Himachal Pradesh Co-operative Societies Act, 1968 (3 of 1969) all the partners or members whereof, as the case may be, are ex-servicemen;
2. (h) "Government" means Government of the State of Himachal Pradesh;

1[ X X X X X X X];

1. (j) "margin money" means the money required as the share of the beneficiary for granting financial assistance by the financial/banking institutions and other organisations;
2. (k) "marketing" means all activities relating to the transport, grading, polling, marketing and sale of agricultural or industrial produce, whether in the primary form or in semi- processed form;
3. (l) "prescribed" means prescribed by rules made under this Act;
4. (m) "processing" means all activities relating to the processing of agricultural produce so as to make it marketable or fit for consumption and includes purchase and storage of raw materials, purchase of equipment, purchase, installation and running of machinery required for processing and storage of finished produce;
5. (n) "small scale-industry" means a cottage and small-scale industry and includes industry engaged in fabrication, repairs and maintenance of agricultural machinery and equipment, in which capital investment does not exceed five lacs of rupees; and
6. (o) "supply and storage" means supply and storage of agricultural

1. Clause (i) definition of "Managing Director" omitted vide H.P. Act No. 16 of

1981, effective from 25 th August, 1981 validated by Act No. 13 of 1984, effective from 25 th August, 1981.

6 THE HIMACHAL PRADESH EX-SERVICEMEN CORPORATION ACT, 1979

inputs and establishment, maintenance and running of storages, cold storages and warehouses. CHAPTER-II INCORPORATION OF HIMACHAL PRADESH EX- SERVICEMEN CORPORATION AND ITS CAPITAL 3. Establishment of Himachal Pradesh Ex-servicemen Corporation.- (1) With effect from such date as the Government may, by notification, appoint, there shall be established for the purpose of this Act, a Corporation to be known as the Himachal Pradesh Ex-servicemen Corporation.

1. (2) The Corporation shall be a body corporate with the name aforesaid having perpetual succession and common seal with powers, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and may, by that name, sue and be sued.