section 4
Constitution of Board.
The Kerala Infrastructure Investment Fund Act, 1999Infrastructure199934 sections
Statutory text
- (1) The Government may, by notification in the Gazette, constitute with effect from such date as may be specified therein, a Board to be called "the Kerala Infrastructure Investment Fund Board" for the administration of the fund and to supervise or carry out the activities financed from the fund.
- (2) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal and shall by the said name sue or be sued. 1[(2A) The headquarters of the Board shall be Thiruvananthapuram.] 2[(3) The Board shall consist of the following members, namely:—
- (a) Chief Minister .. Chairperson
- (b) Minister for Finance .. Vice-Chairperson
- (c) Vice-Chairman, State planning Board .. Member
- (d) Chief Secretary .. Member
- (e) Secretary (Law) .. Member
- (f) Secretary (Finance) .. Member
- (g) Secretary (Finance Resources) .. Member
- (h) Seven independent members who are experts, who have worked in an institution of national repute in one or more of the areas of Finance, Banking, Economics .. Members
- (i) Chief Executive Officer .. Member Secretary Explanation:— For the purposes of the provisions of this Act the term 'Secretary’, shall denot Additional Chief Secretary, Principal Secretary, Secretary or Special Secretary to Government, as the case may be;] 1 Inserted by Act 15 of 2016 (w.e.f. 19.08.2016). 2 Substituted by Act 15 of 2016 (w.e.f. 19.08.2016). 3[(4) The Board may, at the discretion, of the Chairperson seek the participation of any other Minister or Secretary of any Department whose project is under consideration of the Board for financing.] 2[(5) xxxx 3(6) xxxx 4(7) xxxx]
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