Powers of the Corporation — Subject to the provisions of this Act, the

Corporation shall have powers —

1. (a) to acquire and hold such property both movable and immovable as the Corporation may deem necessary for carrying out any of its activities and to lease, sell, exchange or otherwise transfer any property held by it on such conditions as may be deemed proper by the Corporation;
2. (b) to purchase by agreement or to take on lease or under any form of tenancy, any land, to erect such buildings and to execute such other works as may be necessary for the purpose of carrying out its duties and functions;
3. (c) to provide or cause to be provided amenities and common facilities in industrial estates and in industrial areas and construct and maintain or cause 10 be maintained, works, buildings, amenities and common facilities therefor;
4. (d) to make available buildings on hire or sale to industrialists or persons intending to start industrial undertakings;
5. (e) to construct buildings for the housing of the employees of such industrial undertakings; (to identify and develop potential growth centres;

1. (9) lo provide social infrastructure like housing and common amenity buildings near the industrial area;
   • (h) to allot factory sheds or such buildings or parts of buildings including residential tenements to settle persons in the industrial estates established or industrial areas developed by the Corporation;
     • (i) to modify or revise or cancel such allotments, including the right and power to evict the allottees concemed for breach of any of the terms and conditions of their allotment;
     • (i) to recover all sums payable to the Corporation;
   • (k) to evict any entrepreneur or person and resume the land, shed or building allotted to him in the event of his not adhering to the terms and conditions ‘under which the allotment was made :
2. (1) toseek exemptions from the operation of any of the provisions of the laws for the time being in force;
   • (n) such other powers as are necessary or incidental to the attainment of the objects of the Corporation.