Chapter III ESTABLISHMENT AND CONSTITUTION OF THE BOARD

No content provided in source for this section. (1) For the purposes of securing the establishment of industrial areas in the State of Karnataka and generally for promoting the rapid and orderly establishment and development of industries and for providing industrial infrastructual facilities and amenity in industrial areas in the State of Karnataka, there shall be established by the State Government by notification a Board by the name of the Karnataka Industrial Areas Development Board. (2) The said Board shall be a body corporate with perpetual succession and a common seal, and may sue and be sued in its corporate name, and shall subject to the provisions of this Act and the rules made thereunder be competent to acquire, hold and dispose of property, both movable and immovable, and to contract and do all things necessary for the purposes of this Act.

No content provided in source for this section. The Board shall consist of the following members, namely:- (a) the Secretary to the Government of Karnataka, Commerce and Industries Department who shall ex-officio be the Chairman of the Board; (b) the Secretary to the Government of Karnataka, Finance Department; (c) the Secretary to Government, Housing and Urban Development Department; (ca) the Commissioner for Industrial Development and Director of Industries and Commerce; (cb) the Chairman and Managing Director, Karnataka State Industrial Investment and Development Corporation Limited; (cc) the Chairman, Karnataka State Pollution Control Board; (cd) the Director of Town Planning; (ce) the Managing Director, Karnataka State Small Industries Development Corporation Limited; (cf) the Managing Director, Karnataka State Financial Corporation; (d) the Executive Member of the Board; and (e) two nominees of the Industrial Development Bank of India.

No content provided in source for this section. (1) [Omitted] (2) The members of the Board shall be entitled to draw such compensatory allowance as may be prescribed, for the purpose of meeting the personal expenditure incurred in attending the meetings of the Board or any Committee thereof or when appointed in connection with the work undertaken by or for the Board.

No content provided in source for this section. (1) The Board shall meet at such times and places and shall observe such rules of procedure in regard to the transaction of its business as may be provided by regulations made under this Act.

No content provided in source for this section. (1) The State Government shall appoint an officer of the State Government as the Executive Member of the Board who shall be the Chief Executive Officer of the Board. His terms and conditions of office shall be such as may be determined by the State Government. (2) The Board may appoint such employees subordinate to the Executive Member, as it considers necessary for the efficient performance of its duties and functions. The terms and conditions of service of the said employees shall be such as may be determined by regulations made under this Act.

No content provided in source for this section. No act done or proceedings taken under this Act shall be questioned merely on the ground,- (a) of any vacancy or defect in the constitution of the Board or of any committee thereof; or (b) of any defect or irregularity in such act or proceeding not affecting the merits of the case.